Active Value Investing: Making Money in Range-Bound Markets...

Features

• Cover Type: Hard Cover with 282 pages
• Published by: Wiley September 28, 2007
• Written in: English
• ISBN 10 Number: 0470053151
• ISBN 13 Number: 978-0470053157
• Book Dimensions: 9.1 x 6.2 x 1.2 inches
• Weighs: 1 pounds

Product Review
Katsenelson's style is straightforward enough to keep a rookie investor engaged, and in-depth enough to retain the interest of old pros, which makes this a great book for those of all skill levels. He does a comprehensive job of reviewing the market's past, projecting its potential future, and developing a case for why value investing will shine as the market stagnates. He combines historical and financial analysis, along with engaging stories from his experience as a professional investment manager.--Chuck Saletta, Motley Fool

This book should be considered a practical compendium of modern finance, leaving no stones unturned on your way to better investments. Katsenelson’s passionate, witty and accessible writing expertly takes the reader through his original framework for valuing stocks in range-bound markets. A student of history and an overzealous stock picker, the author entertainingly illustrates every concept with a collection of real-world examples, demonstrating an impressive breadth and depth of understanding of what makes stocks move!--J.P. Tremblay, CFA

Product Description
A strategy to profit when markets are range bound–which is half of the time

One of the most significant challenges facing today’s active investor is how to make money during the times when markets are going nowhere. Bookshelves are groaning under the weight of titles written on investment strategy in bull markets, but there is little guidance on how to invest in range bound markets. In this book, author and respected investment portfolio manager Vitaliy Katsenelson makes a convincing case for range-bound market conditions and offers readers a practical strategy for proactive investing that improves profits. This guide provides investors with the know-how to modify the traditional, fundamentally driven strategies that they have become so accustomed to using in bull markets, so that they can work in range bound markets. It offers new approaches to margin of safety and presents terrific insights into buy and sell disciplines, international investing, "Quality, Valuation, and Growth" framework, and much more.

Vitaliy Katsenelson, CFA (Denver, CO) has been involved with the investment industry since 1994. He is a portfolio manager with Investment Management Associates where he co-manages institutional and personal assets utilizing fundamental analysis. Katsenelson is a member of the CFA Institute, has served on the board of CFA Society of Colorado, and is also on the board of Retirement Investment Institute. Vitaliy is an adjunct faculty member at the University of Colorado at Denver - Graduate School of Business. He is also a regular contributor to the Financial Times, The Motley Fool, and Minyanville.com.

Reader Reviews
One of my only posts because few are so bad that they compel me to write a review. This is easily the worst book on investing I've ever read. I actually experienced a sense of agony in reading this book knowing I could be reading something better. It should not even be called a value investing book. The author suggests finding companies that have low P/E's, that are fundamentally sound. He gives a very brief, useless description of what soundness is and is not. In fact his method for determining a stock's value as a whole is very shallow. I felt like he is just a journalist describing the surface of things. He mentions nothing of where to find a companies fundamentals, but briefly describes how they should look "strong, good, upward-trending", etc. The worst of all is that I have a firm suspicion the he had his close friends and colleagues give him such high reviews. For example take a look at all the reviews. Most read just like the editors review of the book. Very long and touting promise. Next he gave the book to several of the reviewers and asked them to review it. They actually mention that in their reviews. The result being that all the longer reviews sound the same as if he gave them some press release to put their own spin on without reading the book. And lastly, a good number of reviewers come from the city where he teaches at, Denver. Most likely associates of some sort just doing him a favor. If you think that unlikely, Google the book. You'll find the same reviews of the book from Amazon on other investors websites. Bottom line. Don't buy this book. I'll be putting mine on here for .01 cent if you really must have it. Comments (8) | | (Report this)