The Modern Value Investor
An appraiser’s take on intrinsic value: what a stock is worth, what to pay, and how to keep more of what you make.
The complete valuation toolkit, the qualitative art of judging a business, and the modern methods — AI prompts included — that turn weeks of research into an afternoon’s work. Most of the numbers it teaches you to calculate — Graham’s value, discounted cash flow, the dividend discount model, justified price-to-book, the quality and bankruptcy checks — this app also computes for you, and withholds wherever the filings don’t support them.
Not for sale yet
The book is in its final edits. This page is where it will be sold, and where any correction to it will be listed — the note below is live already.
Get the weekly letter instead →📱 Reading on your phone? On iPhone, the EPUB opens straight into Apple Books. On Android, download the PDF, or install a free EPUB reader first (Google Play Books, Moon+ Reader). On a computer, either format works.
Corrections and updates
The book prints this page’s address for corrections. Any figure in it that turns out to be wrong will be listed here with the date it was fixed, and the download will be rebuilt the same day — so the file you get from this page is always the current one.
First edition, built September 23, 2026. No corrections yet.
Found something? Email travisvaluation@gmail.com — a figure that can be checked against a filing is worth more to me than a polite note, and you’ll be credited here unless you’d rather not be.