I was a little disappointed with the over simplified content. It felt that the authors wanted to share their thoughts on investing but weren't really committed to a well thought out book. All said, it is an easy to understand summary of value investing and would be really helpful to novice investors. Below are some key points from the book
a. Think about stock as an ownership in a business and not like a piece of paper. Pretty much evident from the topic of the book.
b. Diversification for distributing risk is really lazy investing that produces mediocre results. That's what mutual funds do.
c. Individual investors could really beat the market with some discipline and home work.
A lot of good ideas strewn here and there but not really elaborated well. That's why I'd like to call this book a summary of a lot of good ideas, but not a book to study and understand any of these in detail. May be that was the authors' motive, to keep it simple and introduce people to these great ideas. ( )