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Retail’s Adjusted Book Value
By Will Ashworth | January 22, 2010
I’m currently reading “The Little Book of Value Investing” by Christopher H. Browne, a former managing director and now special advisor at Tweedy Browne, an investment management and stock brokerage firm that has been around since the 1920s and part of the Browne family for the last 64 years. Strict value investors look to buy stocks at 40-50% of intrinsic value and to sell when the price gets close to their estimate. For those who want to learn about value investing without having to slug through a 400-page tome, Browne’s book is definitely the way to go.
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