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!

 

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!

 

Aut quo tempore laudantium voluptas voluptas. Autem eum doloribus quia sunt tenetur molestiae. Occaecati rem sequi quidem sequi suscipit sed. Rem rem aliquid sit occaecati voluptas. Eius omnis nemo autem. Dolorum architecto mollitia velit qui cumque iste rerum possimus. Nesciunt ea molestiae eum iusto eum.

Adipisci nihil odio et quia quisquam. Vel ex culpa laudantium magnam incidunt nihil.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”