- An acadamic study by Tweedy, Browne & Company LLC: WHAT HAS WORKED IN INVESTING – Studies of Investment Approaches and Characteristics Associated with Exceptional Returns
- Warren Buffett’s letters to shareholders – These highly readable letters, stretching back decades, give an excellent overview on value investing. They can be found at the Berkshire Hathaway website.
- Security Analysis, by Benjamin Graham & David Dodd – Available in several editions this is the ‘bible’ for value investors, but not an easy read.
- The Intelligent Investor, by Benjamin Graham – This is a smaller and more readable book than Security Analysis, and contains several of the most ground-breaking ideas in investing.
- Buffett: the making of an American capitalist, by Roger Lowenstein – A superb, well written biography of Buffett which also sheds considerable light on Buffett’s approach to value investing.
- Common stocks and uncommon profits, by Philip Fisher – A good companion work to Benjamin Graham which stresses a less mechanistic approach to value investing through its emphasis on growth and company quality.
- Baupost Group’s 2013 shareholder letter from Seth Klarman, who recently returned $ 4 billion to investors due to lack of ideas.
