Active Value Investing

A strategy to profit when markets are range bound-which is
half of the time

One of the most significant challenges facing today's
active investor is how to make money during the times when markets
are going nowhere. Bookshelves are groaning under the weight of
titles written on investment strategy in bull markets, but there is
little guidance on how to invest in range bound markets. In this
book, author and respected investment portfolio manager Vitaliy
Katsenelson makes a convincing case for range-bound market
conditions and offers readers a practical strategy for proactive
investing that improves profits. This guide provides investors with
the know-how to modify the traditional, fundamentally driven
strategies that they have become so accustomed to using in bull
markets, so that they can work in range bound markets. It offers
new approaches to margin of safety and presents terrific insights
into buy and sell disciplines, international investing, "Quality,
Valuation, and Growth" framework, and much more.

Vitaliy Katsenelson, CFA (Denver, CO) has been involved with the
investment industry since 1994. He is a portfolio manager with
Investment Management Associates where he co-manages institutional
and personal assets utilizing fundamental analysis. Katsenelson is
a member of the CFA Institute, has served on the board of CFA
Society of Colorado, and is also on the board of Retirement
Investment Institute. Vitaliy is an adjunct faculty member at the
University of Colorado at Denver - Graduate School of Business. He
is also a regular contributor to the Financial Times, The
Motley Fool, and Minyanville. com.