Thoughts and formulas from the book Valuable was borrowed from...

Thoughts and formulas from the book Valuable was borrowed from Brian McNiven's "Concise guide to value investing". McNiven's book is readily available from any local library. In fact you can code McNiven's formula into a single line of code in Excel. Its an interesting thought value companies based on ROE but I don't think the market values with this method. The irony is that Warren Buffett owns numerous businesses with average ROE however his name is often used with these value investing books. I would take a pinch of salt with Roger Montgomery....