Common Stocks and Common Sense

The Strategies, Analyses, Decisions, and Emotions of a Particularly Successful Value Investor

By: Edgar Wachenheim

Narrated by: Christopher Grove

Deep insight and candid discussion from one of Wall Street's best investors

Common Stocks and Common Sense provides detailed insight into common stock investing, using a case-study approach based on real-world investments. Author Edgar Wachenheim is the CEO of Greenhaven Associates, boasting an average annual portfolio comparable to Warren Buffet's. In this book, he shares his knowledge and experiences by providing detailed analyses of actual investments made by himself and other investors.

The discussion covers the entire investment process, including the softer, human side, with candid insight into the joys and frustrations, intensities and pressures, and risks and uncertainties. The unique emphasis on behavioral economics and real-world cases sets this book apart from the herd - but it's Wachenheim himself and his deeply examined perspective that elevates the book beyond a mere investing guide.

Between 1990 and 2014, a typical portfolio managed by Wachenheim enjoyed an average annual return in excess of 18 percent, achieved using relatively conservative stocks and no financial leverage. As a proponent of evidence and example, his analysis of real cases serve as a valuable education for anyone looking to improve their own investment practices.

©2016 Edgar Wachenheim III (P)2019 Gildan Media

Excellent read and voice over

Excellent read and voiceover. Fact based and a good reader to keep engaged. Highly recommend it.

Chock full of wisdom

Sort of a nerdy investing book, but I loved it! I especially enjoyed the last chapter: a letter to a young investor. Lots of wisdom.

I'll be reading Ed Wachenheim's quarterly letters going forward

FBI

Great Book, great experience to learn from, great history of some firms & industies. Thought provoking, indept knowledge of smart investment. Fund managers, stock analysts, wealth creators, captains of industry must read this book.

great book

great book i really enjoyed it.. alot of information.
i do like the end of it

Very clear. Pretty useful.

The book is very clearly written—and very clearly read as well. Although there’s not much new, I found it interesting and very informative to hear how an outstanding investor thought through a number of situations. Kudos to the author for being helpful, sincere, and direct.