Review: Deep Value Investing by Jeroen Bos

Value investing is often misunderstood as just looking for stocks with a low p/e ratio, relative either to the market or a specific sector, and assuming that they will be undervalued more often than not. People convince themselves that they are being clever, when much of the time they are just being contrary. Dutch value investor Jeroen Bos’s upcoming book Deep Value Investing gives practical advice on how to identify actual value stocks – companies where the stock price is undervalued relative to assets. In the ideal scenario (and Bos assures us the ideal scenario never actually comes along) a…