Please note: This is a companion version & not the original book.Sample Book Insights: #1 Value investing is the process of buying securities only when their market prices are significantly below their calculated intrinsic value. It is a simple process, but it requires a lot of discipline.#2 There are two types of fundamental investors: macrofundamentalists, who are concerned with broad economic factors that affect the entire market, and microfundamentalists, who are concerned with the economics of specific securities.#3 There are many different approaches to microfundamentalist investing, and each one focuses on a different set of economic fundamentals and securities. The most common approach focuses on current price of a stock or other security as the point of departure, and then studies the history of this security to anticipate how the critical variables will change.#4 The case for value investing is both theoretical and factual. It has been proven that value investing strategies have worked, and over extended periods, they have produced better returns than have both the leading alternatives and the market as a whole.