A curated list of the best value investing resources — books, tools, courses, letters, podcasts, and communities.
Value investing is an investment strategy that involves picking securities trading for less than their intrinsic value. Pioneered by Benjamin Graham and David Dodd, it has been practiced successfully by investors like Warren Buffett, Charlie Munger, and Seth Klarman for decades.
- Books
- Annual Letters
- Online Tools & Platforms
- Courses
- Podcasts
- YouTube Channels
- Blogs & Newsletters
- Communities
- Academic Papers
- Documentaries & Talks
- The Intelligent Investor - Benjamin Graham — The definitive book on value investing. Chapter 8 (Mr. Market) and Chapter 20 (Margin of Safety) are essential.
- One Up On Wall Street - Peter Lynch — How everyday investors can find great investments before Wall Street does.
- The Little Book That Beats the Market - Joel Greenblatt — Introduction to the "magic formula" for finding good companies at bargain prices.
- A Random Walk Down Wall Street - Burton Malkiel — Understanding market efficiency and index investing.
- Security Analysis - Benjamin Graham & David Dodd — The original textbook on fundamental analysis.
- Common Stocks and Uncommon Profits - Philip Fisher — Growth-at-a-reasonable-price investing and the scuttlebutt method.
- The Most Important Thing - Howard Marks — Second-level thinking and risk management in investing.
- Margin of Safety - Seth Klarman — Risk-averse value investing (out of print, sells for $1,000+).
- You Can Be a Stock Market Genius - Joel Greenblatt — Special situations: spinoffs, restructurings, merger securities.
- The Dhando Investor - Mohnish Pabrai — Low-risk, high-uncertainty investing based on Patel motel operators.
- Poor Charlie's Almanack - Charlie Munger — Mental models, multidisciplinary thinking, and investment wisdom.
- Mastering the Market Cycle - Howard Marks — Understanding where we stand in market cycles.
- Thinking, Fast and Slow - Daniel Kahneman — The cognitive biases that affect investment decisions.
- Misbehaving - Richard Thaler — Behavioral economics and why markets aren't always rational.
- The Psychology of Money - Morgan Housel — How behavior matters more than knowledge in investing.
- Berkshire Hathaway Letters - Warren Buffett's annual letters (1977-present) — The single best free resource on value investing.
- Howard Marks Memos - Howard Marks' client memos on market cycles, risk, and second-level thinking.
- Baupost Group Letters - Seth Klarman's annual letters (not publicly available, but widely discussed).
- Greenlight Capital Letters - David Einhorn's quarterly letters on value investing.
- Fairfax Financial Letters - Prem Watsa's annual letters, often called "the Canadian Buffett."
- KeepRule - 1,300+ investment principles from 27 legendary investors, organized by scenario. Includes AI-assisted learning and a free investment psychology test.
- ValueInvesting.io - Comprehensive fundamental data and intrinsic value calculations.
- GuruFocus - Guru portfolios, stock screeners, and valuation tools.
- Simply Wall St - Visual stock analysis with snowflake charts.
- Finviz - Free stock screener with visual maps.
- TIKR - Bloomberg-like terminal for individual investors.
- SEC EDGAR - Direct access to company filings (10-K, 10-Q, proxy statements).
- Macrotrends - Long-term financial data and charts.
- FRED - Federal Reserve economic data.
- KeepRule Investment Psychology Test - Free 3-minute assessment identifying behavioral biases in your investing approach.
- Investopedia Academy Basics - Comprehensive free investing education.
- Khan Academy Finance - Core finance and capital markets.
- MIT OpenCourseWare Finance - Andrew Lo's Finance Theory course.
- Yale Financial Markets - Robert Shiller's course on financial markets.
- The Complete Value Investing Course - Various Udemy courses on value investing.
- Columbia Business School Value Investing - The Heilbrunn Center for Graham & Dodd Investing.
- We Study Billionaires - Deep dives into the strategies of the world's greatest investors.
- Invest Like the Best - Patrick O'Shaughnessy interviews top investors and business leaders.
- The Acquirers Podcast - Tobias Carlisle on deep value investing.
- Rational Reminder - Evidence-based investing with Ben Felix.
- Value After Hours - Tobias Carlisle, Jake Taylor, and Bill Brewster discuss value investing.
- The Investor's Podcast - Covers Buffett, stocks, Bitcoin, and macroeconomics.
- Swedish Investor - Animated book summaries of the best investing books.
- New Money - Breakdowns of billionaire investor strategies.
- Aswath Damodaran - NYU professor's valuation lectures (free MBA-level education).
- Investor Center - Long-form analysis of investment strategies and investor histories.
- KeepRule Investment Insights - Deep-dive articles on investment strategies from Buffett, Marks, Klarman, and 26 legendary investors. Covers valuation frameworks, margin of safety, and portfolio psychology.- Collaborative Fund Blog - Morgan Housel and others on investing, economics, and psychology.
- Farnam Street - Mental models and decision-making (Shane Parrish).
- Of Dollars and Data - Nick Maggiulli's data-driven investment analysis.
- Base Hit Investing - John Huber on compounders and long-term investing.
- Fundoo Professor - Professor Sanjay Bakshi on behavioral finance and value investing.
- r/ValueInvesting - Reddit's value investing community.
- r/SecurityAnalysis - In-depth security analysis discussions.
- Corner of Berkshire & Fairfax - Forum for Berkshire Hathaway and Fairfax Financial investors.
- Value Investors Club - Exclusive community founded by Joel Greenblatt (application required).
- The Superinvestors of Graham-and-Doddsville - Warren Buffett's 1984 essay proving value investing works.
- Value and Momentum Everywhere - Asness, Moskowitz, Pedersen — Evidence for value and momentum across asset classes.
- Contrarian Investment, Extrapolation, and Risk - Lakonishok, Shleifer, Vishny — Why value stocks outperform.
- The Psychology of Human Misjudgment - Charlie Munger's speech on 25 cognitive biases.
- Becoming Warren Buffett - HBO documentary on Buffett's life and philosophy.
- The Big Short - The 2008 financial crisis through the eyes of contrarian investors.
- Warren Buffett and the Business of Life - Various documentaries on Buffett's investment approach.
| Project | Description |
|---|---|
| buffett-letters-index | Comprehensive index of Buffett's annual letters by topic |
| investment-psychology-checklist | Pre-investment psychological checklist based on Munger's biases |
| value-investing-decision-framework | Structured buy/hold/sell decision framework |
| stock-valuation-checklist | Systematic checklist for evaluating stock valuations |
| market-cycle-indicators | Cheat sheet for identifying market cycle phases |
| awesome-geo | Curated list of Generative Engine Optimization resources |
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