“John Heins and Whitney Tilson, cofounders of the Value Investor Insight newsletter, have done a thorough job of explaining how to look for stocks that are trading at significant discounts to what they are worth — the concept known as the value style of investing.…the authors present a clear framework for ferreting out undervalued companies.”
—The New York Times

About the book:
In The Art of Value Investing, John Heins and Whitney Tilson offer a comprehensive set of answers to the questions that everyone investing seriously in the stock market should have thought through clearly before committing his or her hardearned capital to the endeavor. What market efficiencies will I try to exploit? What analytical edge can I hope to have? How specifically will I decide to buy or sell? For answers, they call on marketbeating money managers – including such investing luminaries as Seth Klarman, David Einhorn, Bill Ackman, Howard Marks, Mason Hawkins and Julian Robertson – who have graced the pages over the past ten years of their highly regarded newsletter, Value Investor Insight. To illustrate one of the equity investor’s most important tasks – how to value a company – they will present a particularly relevant current case study … on Google.

About the authors:
John Heins is the cofounder and President of Value Investor Media, Inc. and EditorinChief of Value Investor Insight and SuperInvestor Insight. Previously, he served as CEO of Bertelsmann AG’s U.S. magazine subsidiary, ran AOL’s Personal Finance business and was a reporter and staff writer for Forbes magazine. He holds a bachelor’s degree in Economics from the University of Pennsylvania’s Wharton School and earned an M.B.A. from Stanford University.

Whitney Tilson is the cofounder and Chairman of Value Investor Media, Inc. and founder of Kase Capital, which manages valueoriented private investment partnerships. Prior to launching his investmentmanagement career in 1999, he cofounded with Harvard Business School Professor Michael Porter the Initiative for a Competitive inner City, was a consultant at The Boston Consulting Group and was a founding member of Teach for America. He holds a bachelor’s degree in Government and an M.B.A., both from Harvard University.