Ramón Alfonso, partner of Norz Patrimonia presents a selection of recommended works to deepen aspects related to the fundamental analysis in stock markets, the analysis and assessment of companies and criteria for the selection of companies that respond to the BBB criteria (good businesses, well managed already good prices).
Mary Buffet and David Clark.
Warren Buffet and the Interpretation of Financial Statements. The Search for The Company with A Durable Competitive Advantage.
Simon & Schuster, London 2008.
This work is available in Spanish version: Mary Buffet and David Clark, Warren Buffet and the interpretation of financial statements: invest in companies with competitive advantage, MANAGEMENT 2000, 2021 Date: 03/10/2022 V01. RA/LW
Inspired by the works of Benjamin Graham, mentor of Warren Buffett, the authors bring us closer to one of the keys to the success of the Omaha oracle: the interpretation of the financial statements of the companies in which it is intended to invest. Through the unique perspective of Mary Buffett and David Clark, the reader will know firsthand the approximation and reading of the financial statements of the most famous investor in history, always looking for companies with a competitive advantage that provides sustained revenues for a long period of time. Fleeing, also, speculative movements and avid strategies of rapid profits. Warren Buffett and the interpretation of the financial statements is a useful, clear and accessible book for anyone who seeks to emulate the most recognized investor’s methods in the world.
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PAT DORSEY.
The Five Rules for Successful Stock Investing. Morningstar’s Guide to Building Wealth and Winning in the Market.
John Wiley & Sons, Hoboken, 2004.
This work is available in Spanish version: PAT DORSEY, the five rules to invest successfully: Morningstar Guide to create wealth and beat the market, Value School – Deusto, 2019
The objective of every investor is to find solvent companies and to buy their shares at a reasonable price. Of course, this is more difficult than one might think. This book, based on extensive investment experience and a clear and methodical philosophy, is the best introduction to knowledge necessary to create value. Ignoring those who become obsessed with the short -term price movements and consider the bag as a kind of casino where to bet, PATSEY advocates serious and documented work.
A job that summarizes in five rules: as a investor you have to do your homework; You must find companies with a solid competitive advantage; You need, for your own good, create a safety margin; And you must bet on the long term and learn to detect when to sell. The investment has many gray areas. You should not trust whoever tells you to invest in this or that company. You must be able to decide for yourself and, for that, you have to thoroughly investigate the actions. If you don’t know a company in detail, do not buy. This book, written by one of the great investors of all time, will show you what you need to know to carry out a deep and useful analysis of the market and the companies that you must buy or sell.
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Peter Seiler.
Only The Best Will Do, Harriman House.
Petersfield, UK, 2019
This work is available in Spanish version: Peter Seilern, only the best achieve it, Editorial Profit, 2021 distilling everything he has learned from a lifetime in the financial markets, Peter Seilern illustrates the reader on how to reduce the shares of tens of thousands of shares quoted to the select elite that belongs to the portfolio of a quality growth investor. These are shares, Sample shows, which can be safer than bank deposits or government bonds.
They also turn a conventional wisdom about the merits of diversification and reveal that the typical management of funds that adapt to the indices is even more selfish and unjustified than many thought. Quality growth businesses are the main assets for those who take seriously make their investments work for them in the long term while minimizing the risk of permanent loss of capital. You don’t even need to worry too much to pay more. Everything that requires quality investment is patience, independent thinking and special gold rules, revealed here in detail, to find the best companies in the world. For the investor really interested in making the most of his time in the markets, only the best will be enough.
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Robin R. Speziale
Compounders capital. How To Beat The Market and Make Money Investing in Growth Stocks.
Independent 2018
Robin Speziale is a young successful investor. In Capital Compounders exposes the criteria and processes to identify and select successful companies, looking for those that have the Tenbagger qualification (10x return). Define 72 rules to invest shares, win in the market and manage a stock market. The 72 rules will link us to recommendations made by Warren Buffet, Peter Lynch, Joel Greenblatt, Benjamin Graham, Peter Navarro among other successful investors.
Robin Speziale dedicates a section to decoding market psychology and controlling their own investor’s behavior biases.
It is a pleasant work and includes many easy tips and strategies to learn about growth investments that you can apply in the stock market.
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Joel Greenblatt.
The Little Book That Still Beats The Market.
Little Books, John Wiley & Sons, 2010.
This work is available in Spanish version: Joel Greenblatt, the small book that still expires to the market: discovers the most profitable formula to invest in the stock market, Deusto, 2016.
Joel Greenblatt is the founder of Gotham Capital, an investment company that reached forty percent annual returns during the twenty years that followed its foundation in 1985.
In 2005, Joel Greenblatt published a book that is already considered one of the classics of financial literature. In The Little Book That Beats The Market, Greenblatt explained how investors can exceed the popular averages of the market by simple and systematically applying a formula that seeks good businesses when they are available at bargain prices. Now, with a new version for 2010, the small book that still exceeds the market updates and expands the findings of the original book investigation. In a direct and accessible style, the book explores the basic principles of a successful investment in the stock market and then reveals the author’s proven formula that makes buying companies above the average at prices below the automatic average. Although the formula has been widely proven and is a great advance in the academic and professional world, Greenblatt explains it using sixth grade mathematics, simple language and humor. It shows how to use your method to overcome both the market and professional managers by a wide margin. He also explains why success avoids almost all individual and professional investors, and why the formula will continue to function even after everyone knows it. While the formula can be simple, understanding why it works is the true key of success for investors. The book will take readers on a step -by -step trip so they can learn the principles of value investment in a way that provides them with a long -term strategy that they can understand and follow during good and bad periods for the bag. As the Wall Street Journal said about the original edition, Mr. Greenblatt says that his goal was to provide advice that, although sophisticated, could be understood and followed by their five children, from 6 to 15 years. They are lucky. Its Little Book is one of the best and clearest guides to invest in value that exist.
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William O’Neil
How to make money in stocks. A Winning System in Good Times and Bad Times.
New York, McGraw-Hill, 2009.
In this book, the author analyzes his registered trademark Can Slim Investment Method. The Can Slim method prepared by the author consists of 7 steps that aim to maximize profits. This book provides valuable information about the moments when one needs to reduce a loss and the moments in which one needs to invest and obtain profits.
The seven parts of Can Slim method are:
– C represents quarterly gains.
– A represents the annual growth of profits
– N refers to the product or service of the company and its competitive advantage.
– S means the level of demand for action by investors.
– L means if the company has a leadership position in its sector and market.
– I means the level of popularity of the company among institutional investors.
– M means the market management.
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Ramón Alfonso
Founding partner Norz Patrimonia EAF
30 years of experience in financial markets, having assumed bank management positions.
Financial consultant, economist and MBA.
Conference and professor in matters related to financial instruments and markets, portfolio management, corporate finances and risk management.
Author of books and articles in press and specialized magazines on financial markets.
Analysis of companies and market notes can be consulted at:
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