We wrote about the test in 2012 and again in my 2014 book, Deep Value. It did well for an expensive, quasi-academic textbook on valuation and corporate governance. But I wanted one that could be read by non-professional investors. This book is intended to be a pocket field-guide to fair companies at wonderful prices. Its mission is to help spread the contrarian message. It’s a collection of the best ideas from my books Deep Value, Quantitative Value, and Concentrated Investing.
