Wisdom and Practice for True Value Investing

The definitive guide to practically mastering value investing! Not only does it cover the basics, but it also provides thorough explanations by topic on the important qualitative and quantitative elements essential to corporate valuation. It enhances your insight as an investor through actual company analysis. From individual investors to investment professionals, all investors will gain solid knowledge to make strategic investment decisions. A must-read book that will take your investment techniques to the next level.

[Main Table of Contents] Chapter 1: The Essence of Value Creation 1. Corporate DNA Inscribed Through Continuous Management Decisions (1) Ajinomoto (2802) Valuation (2) SHOEI (7839) Valuation 2. Business Simulation Using ROIC Hypothesis Testing (1) KeePer Giken (6036) Valuation (2) Lasertec (6920) Valuation Chapter 2: Value-Creating Business Models that Continually Strengthen Barriers to Entry 1. Consistency Between Entry Barriers and Business Models (1) Snap-on Corporation (SNA) Valuation 2. The Cash Machine Created by Totally Optimized Operational Design (1) Cintas Corporation (CTAS) Valuation (2) Costco Wholesale (COST) Valuation 3 Key Business Characteristics: B2B or B2C, Manufacturing or Distribution? (1) Kobe Bussan (3038) Valuation (2) Sherwin-Williams (SHW) Valuation Chapter 3: "Winning Investment" Practices and Portfolios 1. Value Creation through M&A: Synergy and Merger (1) Chugai Pharmaceutical (4519) Valuation (2) Hitachi, Ltd. (6501) Valuation Chapter 4: Considering Compound Value Creation in Investment Decisions 1. Compound Value Creation in Investment Decisions (1) The Home Depot (HD) Valuation (2) Dawn (2303) Valuation (3) Zoetis (ZTS) Valuation 2. Key Points to Consider in Value-Growing Companies (1) Daikin Industries (6367) Valuation