The Value Elephant

The Value Elephant

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If six sightless men were asked to describe a€˜valuea€™, theya€™d probably touch it and describe it in parts, without getting a sense of the whole. But to build lasting wealth, you must perceive the entire a€˜value elephanta€™. Great fortunes are made and lost in financial markets. Sanjay Kulkarnia€™s approach, called V-GRO, enables identification of fundamentally strong businesses which are available at a discount; debunks a number of myths like a€˜price is always righta€™ and a€˜earnings are everythinga€™; and creates positive results for investors. But thata€™s not all. The same fundamentals, Kulkarni argues, can be applied inside a business to create value. He demonstrates how CEOs, professional managers and owners of businesses can ride the a€˜value elephanta€™ to make businesses more valuable, regardless of ownership and industry segment. Invoking the experiences of several business leaders who have created lasting wealth for their investors, The Value Elephant reveals what it takes to successfully create value in the Indian environment.They reported, a#39;There is no evidence that the profits due to the technical trading rules we consider are greater than those that might be expected due to random data variationa#39;. In conclusion, technical analysis does not matter in value investing.

Title:The Value Elephant
Author:Sanjay Kulkarni
Publisher:Penguin UK - 2015-04-24


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