Recommendation for the Revised Edition_Jiho Yoon_Just read, study, and practice.
Recommendation_Hong Chun-wook_A book full of practical insights
introduction

Part 1.
Investment process

Chapter 1.
Investment philosophies and styles of the masters
Investment Philosophy | Investment Style and Strategy | Attitude and Mindset | Key Takeaways from Chapter 1

Chapter 2.
Step 1.
Finding Undervalued Stocks
Good and Bad Ideas in Developed Markets | Good Ideas in Emerging Markets | Exploring Ideas

Chapter 3.
Step 2.
Fundamental Analysis
Quantitative Analysis | Qualitative Analysis | Management Evaluation | Board of Directors | Sources of Information | Key Contents of Chapter 3

Chapter 4.
Step 3.
Challenge! Valuation
A Look at Valuation Techniques | Valuation Doctrines Adopted by Masters | Chapter 4: Key Takeaways

Chapter 5.
Common Investment Mistakes and How to Avoid Them
A Look at Common Mistakes in Investing | Mistakes in the Investment Process, Summary, and How to Deal with Them

Part 2.
Buying, holding, and selling stocks

Chapter 6.
How to trade different types of stocks
Investing by Growth Cycle | Cyclical Stocks | Turnaround Stocks | Asset Stocks | Stocks in Special Circumstances | Key Takeaways from Chapter 6

Chapter 7.
General principles to consider when buying or selling stocks
Buying | Selling | Short Selling | Chapter 7 Key Points

Chapter 8.
Indicators that indicate booms, busts, and business cycle points
The Stock Market Cycle | Indicators for Identifying Stock Market Peaks and Bottoms | Investing in the Boom and Bust Cycle | Key Takeaways from Chapter 8

Chapter 9.
Common mistakes made when buying and selling stocks
15 Misconceptions of Failing Investors

Part 3.
Risk vs. Return
Chapter 10.
Risk Management Techniques of the Masters
Academic Perspectives on Risk | Risk Management and Investment Philosophy | Common Mistakes in Risk Management | Key Takeaways from Chapter 10

Part 4.
Smart Investor
Chapter 11.
The three pillars that support the masters
Pillar One: Investment Strategy and Discipline | Pillar Two: Lifelong Learning | Pillar Three: Humility | The Role of Experience, Talent, and Intelligence | Key Takeaways from Chapter 11

Review_Shin Jin-oh_Invest in value to achieve excess returns.
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Guiding beginner and intermediate investors on the path to advanced investment.
A single-volume stock investment primer

Anyone who invests in stocks hopes for excess returns that surpass the stock index.
However, it is very rare for investors to consistently achieve excess returns.
The masters featured in this book have consistently outperformed the index over long periods of time.
The goal of this book is to explore this method in detail so that even ordinary investors can learn and apply it.


The "Excess Profit Bible" does not superficially describe what the masters said.
The author has scientifically analyzed and systematically organized hundreds of books, papers, letters, and discourses written by dozens of great scholars over the past 100 years.
Based on this, we have completed a roadmap of how the masters actually invested.


Domestic investment experts say, “With just this one book, even beginner and intermediate investors can embark on the path to advanced investment” (Kim Cheol-gwang, pen name ‘Windy Forest’), while others say, “This book can be considered a textbook on value investing, containing answers to all the questions that value investors have” (Park Seong-jin, CEO of Ian Investment Consulting).
VIP Asset Management (Co-CEO Choi Jun-cheol) included "Excess Profit Bible" as one of the eight required readings for new employees.

The fundamentals of investing, from investment philosophy to risk management, all in one book.

The book begins with the investment philosophies and rationales of the masters (Chapter 1).
The masters explain how they view the stock market and why they believe their approach provides a competitive advantage.
Next, we will look at the investment process applied by the masters.
The three processes that experts commonly emphasize are: △selecting stocks with a higher-than-average probability of mispricing (Chapter 2), △analyzing corporate fundamentals (Chapter 3), and △evaluation of stock value based on these (Chapter 4).

Chapter 5 highlights common process errors people make and shows how to correct them.
Chapters 6 and 7 cover the thinking of experts who buy, hold, and sell individual stocks.
Chapter 8 explains how masters respond to boom and bust cycles.
Chapter 9 covers common mistakes people make when buying and selling stocks.
Chapter 10 examines the thinking of experts on risk management.
Finally, Chapter 11 outlines the soft skills that experts believe are essential for investment success.

The author emphasized that “readers will discover surprising similarities between the masters’ techniques and recognize subtle differences in technique that people often overlook,” and that “the book is filled with practical insights that will help you focus on promising opportunities and achieve excess returns.”


A book full of practical tips from basic to advanced.

"The Excess Return Bible" provides investors looking to jump into stock investing with useful tools through the techniques and experiences of investment masters.
For example, regarding new stock offerings, he points out that “it should be noted that attractive IPO shares are primarily distributed preferentially to institutional investors.”


It also contains a wide range of practical investment tips, including companies that should never be short-sold and the importance of checking for "national homogeneity" when investing in emerging markets.
Hong Chun-wook, CEO of EAR Research, said, “It can be said to be a basic book on stock investment, but even from the perspective of an economist with 27 years of experience, there is much to learn from it, such as ‘Indicators that can help you identify the highs and lows of the stock market.’”

This book is useful for beginners as well as investors seeking long-term, proven investment techniques.
It particularly explains the quantitative and qualitative analysis styles used by the masters.
The chapter on common trading mistakes is worth reading for underperforming investors.

The book also covers valuation, a hurdle that beginner and intermediate investors must overcome to advance to advanced investing.
We'll explore common valuation techniques and offer expert advice on how to properly use them in your investment process.
Finally, the author emphasized, “Regardless of investment style or technique, all masters cite different attitudes, habits, and mental requirements as key success factors.”