Common Stocks and Common Sense | The Strategies, Analyses, Decisions, and Emotions of a Particularly Successful Value Investor, 2nd Edition, Updated, by Edgar Wachenheim III explores successful strategies of investment through several case studies.

An incisive and comprehensive exploration of value investing in the real world

In the newly revised second edition of Common Stocks and Common Sense: The Strategies, Analyses, Decisions, and Emotions of a Particularly Successful Value Investor, celebrated Wall Street value investor Ed Wachenheim walks readers through eleven revealing case studies of real-world investments made by the author’s firm, Greenhaven Associates. Each case uncovers unique insights into the technical and human elements that go into any profitable investment transaction.

This latest edition includes brand-new content with coverage of the electric vehicle (EV) market, and in-depth discussions of General Motors. Refreshed and renewed content also appears throughout the book, with several new investment theses appearing for the first time in this edition. Readers will also find:

• An emphasis on the softer, human side of value investing, including the biases and emotions that can get in the way of successful investments
• New material covering emerging and high-growth industries
• Value investing advice that goes beyond balance sheets and technical ratios

An essential handbook for retail value investors everywhere, Common Stocks and Common Sense will also earn a place on the bookshelves of portfolio and fund managers, securities analysts, and anyone else with a personal or professional interest in the financial markets.

Edgar Wachenheim, III is founder, chairman, and CEO of Greenhaven Associates and one of Wall Street’s preeminent investors. He has run Greenhaven for over 30 years, and Greenhaven currently manages about $8.5 billion in funds. Its clients include David Rockefeller, Amherst College, and Carnegie Hall. Wachenheim is a graduate of Williams College and the Harvard Business School, where he was elected a Baker Scholar after his freshman year. Before going into the investment business, he worked as a security analyst at Goldman Sachs and was head of Central National-Gottesman’s Investment Division. In 1987, he formed Greenhaven Associates, and he has been a prominent figure on Wall Street ever since.

• ISBN: 978-1-119-91324-5
• 256 pages
• September 1, 2022

Publisher: Wiley