Leading authorities on value investing reveal principles that have made value investing one of the most consistently profitable investment techniques. They explore the history of value investing, explain its underlying principles, and offer guidelines for its successful application. They tell where to look for underpriced securities and how to determine the intrinsic value of a stock, and describe alternative methods for constructing a portfolio that controls risk without restricting investment returns. They detail techniques of the most successful value investors of the 20th century, and show how to adapt techniques to new investment climates. Annotation c. Book News, Inc., Portland, OR (booknews.com)