Value Investing. Where to start?
Hello WSO,
I am a young person (high school) interesting in value investing.
I have some money I’ve saved up from various childhood side hustles (massage therapist, vermin extermination, friendship bracelets, etc.) and I’d like to earn a reasonable return on it (24-25% IRR) for the next ~20 years so that one day I can heal the divide.
I’ve started with the obvious resources:
a. Grant Cardone literature
b. Sell side analysis
But I am not sure where to look next.
I am both intellectually curious and intellectually honest.
Can somebody please point me in the right direction!
Top tier shitpost
I exclusively get my financial advice from Tik Tok.
Over the past two years, I have beat Citadel and Berkshire Hathaway. These boomers don't know you need to buy low and sell high.
You could start by 'NFT analysis' by Ben Graham
Hi @chumlord,
Some great ways to start learning about value investing:
- Reading the front-page of WSJ each day! Get a sense of what moves markets, what people care about, etc.
- Read "The Most Important Thing" by Howard Marks
- Training the Street, or other online training programs aren't free. However, they are a wonderful way to understand financial modeling and valuation. Value investing is all about buying something that's at a price lower than its value. You still need to learn how to value something!
Good luck!
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