The Making of a Value Investor

Bear markets teach expensive lessons, and Gautam Baid kept a record of what his own tuition cost him. Drawn from notes made while markets were falling, the book works through intrinsic value, margin of safety, risk management and the psychology that pushes investors to act against their own interests. Technical vocabulary stays light, and the emphasis falls on habits of thought that hold up across several market cycles. Core themes covered: • Reflections written during a prolonged market downturn • Concepts including intrinsic value and margin of safety • Attention to investor psychology and emotional discipline • Material for beginners and for readers refining a philosophy For students of markets, working professionals and long-term investors; the book sets out principles rather than individual recommendations, and it is stocked by Boipoka.