The Manual of Ideas

Name: The Manual of Ideas
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ISBN: 9781119052418

The Proven Framework for Finding the Best Value Investments

by John Mihaljevic

2nd Edition

Publisher: John Wiley & Sons P&T

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Book Details

Print ISBN	9781119052418
eText ISBN	9781119270324
Publisher	John Wiley & Sons P&T
Publishing Year	2025
Edition	2nd Edition
Language	English
Pages	384

The Manual of Ideas, 2nd Edition offers investment professionals a structured framework for discovering value investments. Written by John Mihaljevic, this manual details systematic methods to evaluate potential equity opportunities across shifting market environments. The text provides capital allocators with actionable tools to construct concentrated equity portfolios.

The volume organizes security selection around distinct analytical approaches. Readers examine active capital allocation choices versus passive strategies, traditional Ben Graham bargains trading at deep discounts to net asset value, and sum-of-the-parts enterprise valuations. Subsequent sections cover underfollowed small- and micro-cap securities, event-driven special situations, and global opportunities outside domestic borders. The framework incorporates analytical techniques from notable market figures such as Warren Buffett, Tom Gayner, and Joel Greenblatt.

Designed for professional practice, the manual outlines systematic screening routines and qualitative evaluation steps. It provides direct instructional support for value investors, money managers, and fund managers seeking reliable stock selection processes.

Chapter 1: Identify as a Capital Allocator: Put Your Capital Where It Is Treated Best
- • Passive Versus Active Investing
- • Role of Capital Allocator
- • Owner Mentality
- • Stock Selection Framework
- • Key Takeaways
- • Notes
Chapter 2: Invert, Always Invert: To Finish First, First Finish
- • Following the Crowd
- • If You Don’t Blow Up
- • Ergodicity: Win Infinite Games
- • Entropy: A Lesson from Thermodynamics
- • Key Takeaways
- • Notes
Chapter 3: Ben Graham Bargains: Deep Discounts to Readily Ascertainable Net Asset Value
- • The Approach: Why It Works
- • Uses and Misuses of Deep Value Investing
- • Screening for Graham-Style Bargains
- • Beyond Screening: Working Through a List of Deep Value Candidates
- • Asking the Right Questions of Graham-Style Bargains
- • Key Takeaways
- • Notes
Chapter 4: Sum of the Parts: Investing in Companies with Multiple Sources of Value
- • The Approach: Why It Works
- • Uses and Misuses of Investing in Companies with Overlooked Assets
- • Screening for Companies with Multiple Assets
- • Beyond Screening: Proven Ways of Finding Hidden Assets
- • Asking the Right Questions of Companies with Hidden Assets
- • Key Takeaways
- • Notes
Chapter 5: Compounders, GARP, and Greenblatt’s Magic Formula
- • The Approach: Why It Works
- • Uses and Misuses of Investing in Good and Cheap Companies
- • Screening for Good and Cheap Companies
- • Beyond Screening: Hope for Improvement Springs Eternal
- • Asking the Right Questions of Greenblatt-Style Bargains
- • Key Takeaways
- • Notes
Chapter 6: Jockeys: Great Managers, Owner-Operators, and “Outsiders”: Making Money Alongside Great CEOs
- • The Approach: Why It Works
- • Uses and Misuses of Investing in Jockeys
- • Screening for Jockey Stocks
- • Beyond Screening: Building a Rolodex of Great Managers
- • Asking the Right Questions of Management
- • Key Takeaways
- • Notes
Chapter 7: The Smart Money: Finding Opportunity in Superinvestor Portfolios
- • Superinvestors Are Super for a Reason
- • Uses and Misuses of Superinvestor Tracking
- • Screening for Companies Owned by Superinvestors
- • The Superinvestors of Buffettsville
- • Beyond Screening: What Makes a Company Attractive to Superinvestors?
- • Key Takeaways
- • Notes
Chapter 8: Diamonds in the Rough: The Opportunity in Underfollowed Small- and Micro-Caps
- • The Approach: Why It Works
- • Uses and Misuses of Investing in Small Companies
- • Screening for Promising Small- and Micro-Caps
- • Beyond Screening: Other Ways of Finding Compelling Small- and Micro-Cap Ideas
- • Asking the Right Questions of Small-Cap Prospects
- • Key Takeaways
- • Notes
Chapter 9: Special Situations: Uncovering Opportunity in Event-Driven Investments
- • The Approach: Why It Works
- • Uses and Misuses of Investing in Special Situations
- • Uncovering Special Situations
- • Asking the Right Questions of Special Situations
- • Key Takeaways
- • Notes
Chapter 10: Equity Stubs: Investing (or Speculating) in Leveraged Companies
- • The Approach: Why It Works
- • Uses and Misuses of Investing in Equity Stubs
- • Screening for Equity Stubs
- • Beyond Screening: An Ambulance-Chasing Approach
- • Asking the Right Questions of Equity Stubs
- • Key Takeaways
- • Notes
Chapter 11: Global Investing: Searching for Value beyond Home Country Borders
- • The Approach: Why It Works
- • Uses and Misuses of Investing in International Equities
- • Screening for International Equities
- • Beyond Screening: Riding the Coattails of Regional Experts
- • Asking the Right Questions of International Equities
- • Key Takeaways
- • Notes