Tutorials

Tutorials are articles, videos, whiteboard presentations, or in-depth documentation of practical application concerning value investing. This information gets into the nitty-gritty of the respective subject and its impact regarding value investing, including risk reduction, determining intrinsic value, impact on security analysis, and, of course, its impact with patience. 

Recall from the lessons on this site, there is one concept (tenet) of value investing and four core principles:

• One Concept – BUY LOW, SELL HIGH
• Four Principles
  1. Reduce Risk
  2. Buy below Intrinsic Value
  3. Conduct a Full Security Analysis (Financial Analysis)
  4. Have Patience

The tutorials in this section of valueinvestingnow.com go into extreme detail about the respective subject. It is designed to provide extensive knowledge about the subject along with confidence for the reader to ensure a true understanding of the subject matter. Furthermore, when an investor has an in-depth knowledge of a particular subject, they have an appreciation of the guidance provided. The key to financial success is to act on one’s knowledge. When you are the most knowledgeable about investing, it is a license to outsmart others and accrue real wealth.

This section of the value investing program breaks out into the four core principles of value investing. The respective tutorials are assigned to the most appropriate core principle. Many subjects will have an article, and at least one other media presentation to assist the student with understanding the respective subject. Furthermore, this is the only section of the site that allows the student to directly ask the facilitator about the subject in order to provide as much of a comprehensive understanding of the subject as possible.

The respective subjects will utilize outside resources such as the American Institute for Certified Public Accountants (AICPA) for financial-related subjects, the IRS for tax-related matters, respected authorities for risk reduction, and several professional opinions related to intrinsic value items. Act on Knowledge.

• Intrinsic Value – Application of Discounted Cash Flows

  
  Every student of investing is taught the core principle of discounted cash flows. This business principle is also used with intrinsic value.

• Intrinsic Value – Definition and Introduction

  
  Intrinsic value’s definition has several different meanings when used in the business context. The word intrinsic refers to ‘innate’ or ‘inherent’.

• Intrinsic Value – Balance Sheet Fundamentals

  
  Novice and unsophisticated investors place greater reliance on net profits over the balance sheet fundamentals to determine intrinsic value.

• Intrinsic Value – Core Concept

  Intrinsic Value – Core Concept   In business, cash is king. To truly determine intrinsic value, the investor must calculate the cash equivalent of the existing overall operation and assign a prorated share to the security under examination. This is the core concept of intrinsic value, compute the true worth of a security. Securities exist in three groupings: ...

• Intrinsic Value – Required Attributes

  
  Intrinsic Value – Required Attributes Intrinsic value requires certain attributes to accelerate the monetary outcome above book value and move the result closer to market value. With most publicly traded companies, these attributes exist, as without them, companies would fail or go bankrupt. These attributes include a well-defined mission/purpose, effective management, efficient production, and sustainable growth. ...