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This offer will end on 4/20/2015. Next Monday. And the next day the price will go up to $97 for a one year – 12 issue – Press On Research Subscription.
This Company Will Gain You 21% This Year
And 215% Over Time
The first issue of Press On Research will release on 4/21/2015.
In the first issue I’ll detail a company that has great management. Is in an excellent industry. Pays a 4.8% dividend as of today. It produces a ton of cash. Has no debt. And at worst will gain you 21% this year. And could gain you 215% over time.
The only place you will see this company recommendation is by buying a Press On Research subscription. Remember – I will no longer release my company recommendation articles for free. So if you want to see this recommendation – and future recommendations – subscribe to Press On Research below to get your one year subscription. Where you’ll get one recommendation issue a month.
And 12 issues a year isn’t all you’ll get by subscribing either…
By subscribing today you’ll also get five free gifts. Including a copy of my book: How To Value Invest. Two resources that will help you evaluate companies faster. And priority access to two future released services.
By subscribing today you’ll get products worth $8,016.94for only $49. But this price will only last for one more week. So subscribe below today.
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Last week we talked about how I faileda bit at my last job. And also how it wasn’t a complete failure because I was able to learn from masters. Masters that helped me improve my writing more in the last six months than I did in the last six years.
So why is this important for this blog and you?
Not only does this mean that all content on this blog will now be easier to read. And more entertaining – hopefully. But improving my writing also led me to a major project that I’ve waited to announce for a while now.
Announcing The Second Edition of How To Value Invest
A few months after working and learning how to improve writing. I went back to my last major project to check what its readability scores were.
Readability stats using Microsoft Word measure the amount of passive sentences the document has. The Flesch Reading Ease. And the FK score.
Side Note: If you want to learn how to enable readability statistics in Word watch this video.
And if you want to learn the technical aspects of what goes into these scores go here.
The higher percentage of passive sentences the doc has the higher the readability score is. And the harder the doc is to read. The lower the Flesch reading ease score is the harder the doc is to read. And the higher the FK score is the harder the doc is to read.
The reverse is true for everything above as well.
Again why does this matter?
Because as I learned the harder something is to read the fewer people will read it. And fewer people will understand it. The opposite is true too. The easier something is to read the more people will read it. And more people will understand it.
Not many people like to read dry technical writing that is hard to understand. This is one of the reasons I stay away from investing in banks because I hate reading their financials filled with legal terms. And written in such a hard way that it seems like the companies trying to make it so the financials can’t be understood.
The first edition of How To Value Invest had an FK score of 13.7. Meaning that to understand everything in the book you had to have a better than college reading level. Not exactly what I planned for a beginner to intermediate level investors.
I was so frustrated when reading through How To Value Invest after learning about this that I decided to do a total rewrite.
While I still have work to do on it… So far I’ve cut 20% of the book. This was almost all redundancy. This was one of the only criticisms I got from the first edition.
Things are now a lot easier to understand. And the overall flow of the book a lot better. This all helped bring the FK score down from 13.7 to 8.2. This means if you have an eighth grade reading level you can now understand How To Value Invest.
But this isn’t all…
The New Content In The Second Edition of How To Value Invest
The first edition of the book contained everything I used when evaluating companies a year and a half ago. But I’ve learned a lot since then.
Not only will the second edition of the book be easier to understand. But it will also contain chapters on the new techniques I’ve implemented as well.
Some of the new content that will be in the second edition of How To Value Invest is discussion on:
Unlevered Return on Net Tangible Equity
Various new relative valuation metrics.
I will also include at least one entire new chapter analyzing a company. Where I will show how to use these new things in your own analysis.
So when will the book release?
At this point I don’t have a firm date set in mind but it will be soon. I’ve already finished most of the rewrite on the content that was in the first edition. Now I just have to finish the chapters on the new content.
This will be a better and easier to understand book that I hope will reach even more people now.
And the second edition of the book will involve an even bigger project that I will announce at some point as well.
But while we wait for this, I’ve got several other projects to announce.
For now the next post will include my full thoughts on the proposed Brazil Fast Food buyout.
To make sure you get all future updates about the book. My other unannounced projects. And a free gift. Please go to the link below and subscribe to the blog.
To gain access to a free 20-page gift that will help you evaluate companies faster. Is something I use every time I research a company. And to make sure you get all future posted content. Go to this link.
I just wanted to share an absolutely amazing testimonial that a reader emailed me recently about my book that literally brought tears to my eyes. Thank you so much to this reader and to everyone else who has bought or read my book, left a testimonial or review, or read this blog.
“I knew all the terms and read all the books but when it came to actually reading an annual report and getting something out of it I was lost. What your book did for me was offer concrete examples of how to find the information in an annual report that will allow an investor to make a conservative estimation of the true value of a company. Not only did it explain value matrices and why they are important and how they should be applied; but how an investor can find the inputs for these calculations in the annual report. For me that was a real eye opener. I would not change your book. I think it is the perfect starting point for someone who wants to start digging deeper into valuing businesses. It is a simple read and the cases and techniques used in each case are well explained. It does not overload the reader with either high theory or esoteric math. I think it does just enough to explain mind set when value investing and how to “discover” the value of a business. So I would not change your book; it provides a great starting point for someone interested in valuing businesses.” Testimonial that a reader sent to my email.
The Kindle version of How To Value Invest is now FREE through Amazon for the next 5 days. If you have wanted a copy of the book to learn how to practically learn how to value and evaluate companies for potential investment but could not afford it or were not sure about paying for it you will now have 5 days to get the book completely for FREE through Amazon. A description of some of what can be found in the book and testimonials/reviews can be viewed below.
I have separated the reviews/testimonials by bold and unbold fonts below.
“Mr. Rivera’s tome is a useful and honest reflection of his journey into value investing. As such, it would be of immense benefit to fellow travellers who are practicing the art and science of value investing. My sincerest thanks to Mr. Rivera for sharing his experiences with us. I have learnt much from him.” This high school teacher wished to remain anonymous and sent me this testimonial through email
“Jason commented the book is geared towards beginner and intermediate level value investors, I don’t agree. I’ve read countless value investing books and if you take reading it seriously this book is for all investors even those with years of experience and a formal investment finance education.
I do agree with Jason’s comment you don’t need to an Ivy League school education to be a great investor. If only this kind of book was available when I majored in Investment Finance and Accounting from a “top ranked” NYC Business school. My investment skills would have been far better served reading, studying and understanding all the concepts presented in this book” Portion of Shadowstock’s review from Amazon.
“Jason hit a home run with this book by filling a void in investing literature that needed to be filled. If this book was on the shelves when I first started learning investing it would have saved me hours of work. Not only does the book teach you everything you need to know to be a great investor, but Jason’s personal story and experience helps show you HOW to learn — even more it shows you how to learn without spending money or going to college. When it’s all said and done, the book keeps its promise: It will teach you to be a value investor while saving you both time and money. $40 beats the costs of a university any day.” Daniel Sparks (Valuefolios) Review From Amazon
“This book gives you a great perspective of how you should evaluate a company from a value investment side.” A portion of a Verified Amazon Purchaser review from Amazon
“Jason Rivera’s first book is a culmination of 5 years of work, and it shows. To the beginner investor: if you ever wanted to learn how to really value companies–not just grab P/E ratios from Morningstar or Yahoo! Finance–this book should be the foundation of how you begin your education.
Mr. Rivera has curated the web’s best investment resources into a streamlined, easy-to-read walkthrough. What sets this book apart is its ability to discuss higher level concepts in the language that introductory investors would understand.
This is a vast genre, but I implore you to invest in Mr. Rivera’s firsthand experience into the subject of financial enlightenment. It’s really that simple.” Jake’s Review from Amazon
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. A portion of Valuefactors review on Amazon UK.
The premise of this book is very simple: You no longer need to go to an expensive Ivy League level school to learn how to become an excellent value investor, and I am going to show you the steps I took to teach myself about investing and how you too can become an excellent value investor without going to college.
If you want to become an excellent value investor faster, while also saving yourself a lot of money in the process, then continue on and learn from my value investing journey. The book is geared towards beginner and intermediate level value investors to help reduce the main problem and frustration I had when I started to teach myself; wasted time. A small portion of what will be taught in the book is below:
How to use the valuation techniques that I use, how to adjust them, and what they mean for the overall investment thesis.
How to properly evaluate a company’s financial reports, profitability ratios, and debt ratios to help decide if the company is a potentially good investment.
I will tell you how I make sell decisions now and how I used to make them. This includes me sharing how I missed out on a nearly 70% gain because I didn’t have the proper sell decision processes in place when fully invested and how you can avoid the same mistakes.
I will share with you how I do research now and how I used to do research by showing you how to discard bad companies a lot faster which will save you a lot of time and leads to finding better companies quicker.
If you learn and put into practice what is shown in the book, work hard, continue to learn, and develop your own proper thought, investment processes, and mind-set than I guarantee that you will be a better at evaluating companies for investment than most MBA’s and professional level investors all for less than 1/3 of the price of ONE college textbook, for a fraction of the cost of going to a university, and you will also be saving yourself YEARS of time from having to find all of this information by yourself like I had to.
The links for foreign Amazon sites can be found on this page.
Also, if you could please take 30 seconds of your time to review the book on Amazon and send me testimonials of the book that I could post on the blog I would greatly appreciate it. Please pass this along to your colleagues and friends who are interested in investing as well.
As I mentioned in yesterdays video here, I am putting How To Value Invest the Kindle version, on sale for 5 days starting tomorrow morning 6 AM PST, completely for FREE. I want to get the book into as many hands as possible and have received some emails from people in various countries that they would like to read but could not afford the book. If you have ever wanted to buy the book but were worried about the price, you now have no excuses to pick it up because for 5 days starting tomorrow at 6 am PST you can get it for FREE through Amazon.
Starting NOW I have also PERMANENTLY dropped the price of the paperback version of How To Value Invest to $12.99 to bring it into line with the pricing of most paperback versions of other investing books, again to get the book into as many hands as possible.
Starting tomorrow you can get the Kindle version either directly from Amazon or linked through my site on this page, where you can also view reader testimonials, reviews, and download some excerpts from the book and preview the first several chapters of it as well. As of the time of this writing the paperback version of How To Value Invest is supposed to be selling for $12.99 if you want to pick it up at its new price, but is still showing the old price so please make sure that if you are buying the paperback version of the book that you are paying $12.99 through Amazon BEFORE BUYING it as it takes some time for Amazon to update prices.