A curated index of the best learning resources on the Internet about Value Investing.
This list covers the topic of value investing. If you’re completely new to this, start with Start Here. This should tell you everything you’d ever need to know about it; but if you’re still curious, explore everything else below. Resources marked with ❗️ are difficult, and those with 🌟 are our favorite.
- How The Stock Exchange Works (For Dummies) by Kurzgesagt.
- Banking Explained – Money and Credit by Kurzgesagt.
- How the Economic Machine Works by Ray Dalio.
- Everything You Need to Know About Finance and Investing in Under an Hour by William Ackman for Big Think.
- Benjamin Graham — Columbia professor, the Godfather of value investing, and Warren Buffett’s mentor.
- David Dodd — Graham’s right-hand man at Columbia who wrote “Security Analysis” with him.
- Warren Buffett — CEO of Berkshire Hathaway.
- Charlie Munger — Vice Chairman of Berkshire Hathaway, Buffett’s right-hand man.
- Ray Dalio — Founder & CIO of Bridgewater Associates, the largest hedge fund (in terms of AUM) in the world.
- Seth Klarman — Billionaire founder of Baupost Group.
- Irving Kahn — Was once the oldest living active investor, an early “disciple” of Benjamin Graham.
- Michael Larson — CIO of the Bill & Melinda Gates Foundation.
- Walter Schloss — Was a hedge fund manager and early student of Graham.
- David Rubenstein — Billionaire Co-founder & Co-CEO of the private equity firm The Carlyle Group.
- Stephen Schwarzman — Billionaire Chairman & CEO of The Blackstone Group.
- Dan Ariely — Notable behavioral economist and professor at Duke.
- Daniel Kahneman — The Godfather of behavioral economics.
- Richard Thaler — Won the Nobel Prize for his work on behavioral economics.
- Glossary of Investment Terms - J.P. Morgan Asset Management
- Glossary of stock market terms by Wikipedia.
- Value Investing: An Introductory Guide by Pocketbook.
- The Absolute Beginner’s Guide to Investing by Art of Value Investing.
- The Detailed Guide to Value and Deep Value Investing — How to Build a Long Term Portfolio by Ruzbeh Bacha for Due on Medium.
- Investopedia’s Investing blog
- Safal Niveshak
- FutureBlind
- Value and Opportunity
- Farnam Street 🌟
- The Guru Investor
- Value Investing World
- Tren Griffin’s blog on investing
- Dataroma Articles & Commentary
- A Wealth of Common Sense
- Glenn Chan’s Random Notes on Investing
- Divestor ❗️
- Reminiscences of a Stockblogger
- Student of Value
- Long Term Value Blog
- OTC Adventures
- Odd Ball Stocks
- Shadow Stock ❗️
- Winners & Losers in a Digital Age
- Valuation and Investing by Khan Academy.
- The Investors Podcast (TIP) /We Study Billionaires” series
- How the Economic Machine Works by Ray Dalio. 🌟
- How The Stock Exchange Works (For Dummies) by Kurzgesagt.
- Banking Explained – Money and Credit by Kurzgesagt.
- Money and Finance: Crash Course Economics
- Everything You Need to Know About Finance and Investing in Under an Hour by Bill Ackman for Big Think. 🌟
- The Intelligent Investor: Animated Version
- Charlie Munger and Warren Buffett's Investing Checklist Explained
- Peter Lynch On How To Pick Stocks
- Joel Greenblatt: Value Investing for Small Investors
- Billionaire Prem Watsa: Value Investing Philosophy and Strategy by Investors Archive.
- Jeffrey Ubben: The Evolution of the Active Value Investment Style (1)
- The Psychology of Human Misjudgement by Charlie Munger.
- A Conversation with Ben Graham by Financial Analysts Journal.
- A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business by Charles Munger. 🌟
- John Huber's Investment Checklist
- Warren Buffett: How Charlie Convinced Me To Break My Cigar-Butt Investing Habit
- Bruce Greenwald: Channeling Graham and Dodd by Barron’s.
- Berkshire Hathaway Shareholder Letters 🌟
- Introduction to a Value Investing Process by Bruce Greenblatt for Columbia Business School.
- How to Read a 10-K Annual Report Efficiently
- 8 Common Biases That Impact Investment Decisions by Brad Sherman for Investopedia.
- Q&A: Why a Value Investor Decided to Buy Bitcoin by Barron’s.
- Stock-Picking Strategies: Value Investing by Investopedia.
- Billionaire David Rubenstein on Private Equity and His Life
- Warren Buffett's Best Investment Advice & Strategies for Beginners
- Walter Schloss: How I Choose Value Investments In Stocks
- Michael Price speaking at the London Value Investor Conference 2013
- Tom Gayner: "The Evolution of a Value Investor" | Talks at Google
- Tobias Carlisle: "Deep Value Investing" | Talks at Google
- Larry Summers and Ray Dalio on Dalio's Unique Perspective of "How the Economic Machine Works" at Harvard. 🌟
- Ray Dalio: Beating The Stock Market By Learning History (2017)
- Warren Buffett Goes in Depth on Investing and other things
- Seth Klarman on Value Investing, Investment Strategies and Advice for Success 🌟
- Mohnish Pabrai: Low risk, High uncertainty Value Investing by Investors Archive.
- A Random Walk down Wall Street: The Time-tested Strategy for Successful Investing by Burton G. Malkiel.
- Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics by Henry Hazlitt.
- The Essays of Warren Buffett: Lessons for Corporate America by Warren Buffett, arranged by Lawrence Cunningham.
- Value Investing: From Graham to Buffett and Beyond — by Bruce Greenwald, Judd Kahn, Paul Sonkin, Michael van Biema.
- Security Analysis by Benjamin Graham and David Dodd. 🌟
- The Intelligent Investor: The Definitive Book on Value Investing by Benjamin Graham. 🌟
- Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor — This book is the Yeezy of value investing. Lots of hype, but still really good. There’s only a small number in circulation, and the price of $699+ reflects that. So here’s a free PDF. 😉 ❗️
- Greenwald 2010 Lectures: Lecture 1 by Bruce Greenwald for Columbia Business School. You’ll find the rest of the lectures on this person’s channel.
- Introduction to Finance: Valuation and Investing by The University of Michigan.
- Warren Buffett Investment Strategy by The Investor’s Podcast.
- Investopedia Academy
- Behavioral Economics and Finance (Spring 2004) by MIT.
- Equity Valuation Class by Aswath Damodaran.
- Business and Financial Modeling by The Wharton School.
- Here is a Dropbox of Investing Books
- The 11 Best Investment Books For Beginners by John Szramiak.
- 60 of My Favorite Value Investing Resources You’d Be Crazy to Miss by Jae Jun for Old School Value.
- Value Investing Resources by Graham and Doddsville.
- Awesome Investing
- Resources on personal finance and investing!
- /r/ValueInvesting
- /r/BerkshireHathaway
- /r/Investing
- /r/IntelligentInvesting
- /r/PersonalFinance
- r/business
- r/StockMarket/
- r/finance/
- r/Economics/
- Security Analysis Discord Channel
- Microcap Club
- /r/SecurityAnalysis
- Microcap Conference
- Robinhood Conference
- Annual Ben Graham Value Conference
- value investing summit
- Beyond Proxy
- A great email from Microsoft's Jeff Raikes to Warren Buffett explaining Microsoft's business and investment merits (August 1997) on /r/SecurityAnalysis. 🌟
- Who is Your Favorite Investor? (Not Named Warren!) on /r/SecurityAnalysis.
- Why doesn't everyone just buy shares in Berkshire Hathaway? on Quora.
- Hedge Fund: The Investment Life Cycle on Wall Street Oasis.
- Anatomy of the 10-K on Wall Street Oasis.
- Econtalk
- Exchanges at Goldman Sachs
- FT Alphachat
- FT Alphachatterbox
- Grants Interest Observer
- Invest Like the Best
- JP Morgan Insights
- Masters in Business
- Microcap Investing
- Oddlots Podcast
- Planet Microcap Podcast
- The Big Question
- The Investors Podcast
- Value Investing Podcast
- Life Lessons from a Self-Made Billionaire: My Conversation With Ray Dalio by Farnam Street. 🌟
- Ray Dalio, The Steve Jobs of Investing by Tim Ferriss.
- Abnormal Returns
- Value Walk
- Barron’s
- Bloomberg 🌟
- The Economist
- Financial Times
- Institutional Investor
- New York Times
- Reuters
- Wall Street Journal
- Economic Principles by Ray Dalio. ❗ 🌟