In your interest.
Online Personal Finance Magazine
No beating about the bush.
One of the popular ways to value stocks is to use a formula that compares the market price to book value (P/B), which is arrived at by dividing the market price of a share with a company's book value per share. If a company is trading at a P/B of less than 1, it indicates that investors believe that the company's assets are worth more than its market worth or that the company is earning a...
In our last issue, we highlighted the first three of the seven sins of fund management, as described by James Montier, Global Equity Strategist with Dresdner Kleinwort Wasserstein. Here are the other four, starting with the biggest problem with the fund management business -- the assumption that a fund manager can out-smart the market.
Sin 4: Thinking you can out-smart everyone else (Envy)