Reddit mentions of The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market

Personally I think trying to buy something just because you think it may be cheap is a recipe for disaster. Do you really think you know something more about this company than the 100s of professional analysts and funds that cover this space? Maybe you do but the the odds are not in your favor.

Don't get me wrong, I think there is value in "value investing" meaning that company stock prices have a tendency to mean revert and decent companies that have their stock prices beat down are often good pickups historically, however, I would not risk real money doing that on a stock by stock basis and instead diversify this bet by building a basket of "cheap" but decent stocks and using it in a portfolio.

I just finished a pretty good book called "The Acquirers Multiple" which covers a strategy similar to this which (historically) has done really well at beating the market returns. Link for those that are interested: https://www.amazon.com/Acquirers-Multiple-Billionaire-Contrarians-Market/dp/0692928855/ref=sr_1_1?ie=UTF8&qid=1511203991&sr=8-1&keywords=aquirers+multiple