The business performance creates the value -- the price creates the OPPORTUNITY.
No-one likes to pay too much for something. We all like to think that what we buy is 'good value'. It's no different when we purchase a share in a company listed on the stock market.
In the Concise Guide to Value Investing, Brian McNiven reveals how to calculate the true value of a company to find out whether you are paying a fair price. This fascinating book explores:

• value investing versus speculation
• the difference between price and value
• variable values of a dollar of earnings
• accounting misrepresentation
• the characteristics of a wonderful business
• the StockVal^(c) valuation formula.

Two of the world's most successful investors, Warren Buffett and Charlie Munger, are self-confessed value investors. McNiven often draws on their wisdom to support his approach to value investing, which he defines as buying a share at a price lower than its calculated value. Only investors who have the ability to calculate value can call themselves 'value investors'.