There is plenty to be inspired by in this book, The author is a private investor who has taught himself how to be a value investor through perseverance, focus and many, many hours of reading, either books, articles or just surfing the internet. The message is clear, if you want to be a good value investor you don’t need an MBA but do need to put in the time and practice; this book though can help you on your journey. What I liked most are the 11 chapters each dedicated to a case study where a companies stock is valued using different mixes of valuation techniques. These range, for example, from ‘asset reproduction value’, ‘sum of the parts’ and ‘relative valuations’. There is plenty to learn in how to value a company and what metrics/ratios can be used. The author looks for value but also the Buffett styled ‘moat’ to ensure competitive advantage of the company. What I also enjoyed very much is the authors analysis of his original case studies and how the investment played put. This was done with great honesty even when it didn’t go exactly to plan and mistakes were made in hindsight. This is not only refreshing for the reader but also critical for investors to improve their skills. In addition there are plenty of suggestions of books to read and websites to visit to help you further expand your knowledge.