How to become a better value investor?

What classes or books out there that could help me become a better value investor. I alrealy read Ben Graham's and Warren's books, i.e. intelligent investor and how to invest like buffet. I'm also currently reading the interpretation of financial statements.

You might want to consider learning how to properly run a discounted cash flow analysis model. Investopedia (I have included a link to the website below) has a tutorial on it that shows you how to do it step by step. Basically, it comes out with a share price that would be the "fair value" given your inputs. If the stock is trading below the price, it is a potential purchase. This will help you understand what companies are truly value investments and which are value traps (look cheap, but are fundamentally flawed). You really just need to get out there and practice analyzing companies and investing. Reading only gets you so far. If reading how legendary investors analyze companies made you a great investor, there would be a ton of Warren Buffett's out there. You need to develop a strategy that works for you, and you can only do this through gaining experience. Once you gain an understanding of financial statements, valuation ratios, profitability metrics and risk valuation, the best thing you can do is practice what you have learned. Investopedia also has a practice account that you can sign up for, in which you invest virtual money, thus increasing your experience without taking on any risk during your learning. I am a value investor, if you would be interested in seeing what I look for, contact me at nycigllc@yahoo.com, and I would be glad to send you a few of my analyses to give you an idea how I do it. Value investing is all about being rational when everyone else is being irrational, therefore it requires a clear mind and a bit of timing. Just my opinion, I hope it helped.

Best of luck!

Brendan Prewitt

"Ahead of the Curve" by Hilary Kramer is an excellent book on spotting value stocks.

A Random Walk Down Wall Street by Burton Malkiel

Besides listing a large amount of books, the best approach to become a better value investor is to actually put your thoughts into action. Read the Wall Street Journal on a daily or weekly basis, think about companies that you know and love, and start to do some basic financial research on each company. Especially right now when companies are being undervalued on Wall Street due to overall economic concerns, it's a great time to buy strong-value companies. An easy way to approach each company without doing a complete valuation is to simply use the Earnings Per Share multiplied by the industry's average PE Ratio and compare that result to the current stock price. Good luck and now is a good time to find bargains!