Introduction Good Stocks Cheap is an investment book. I knew this book from a website recommending good books about investing (however, I could not recall which website). I am hoping to know more about value investing, especially to learn to identify quality stocks. Furthermore, I would like to compare my perspective on value investing with the author’s. Author Kenneth Jeffrey Marshall is an author, lecturer and investor. He teaches at the Stockholm School of Economics in Sweden, Stanford University and the University of California, Berkeley. Contents Good Stocks Cheap has a preface, an introduction and 21 chapters. The chapters are grouped into 3 parts. Part I is Foundations. There are 4 chapters in this part. They are The Quiet Outperformer, Why Stocks?, Price and Value Are Different and Measuring Performance. The author is expounding the basics of value investing in Part I. Part II is The Value Investing Model. It consists of 12 chapters: Understanding the Business, Accounting Is a Language, Capital Employed, Operating Income, Free Cash Flow, Book Values and Shares, Past Performance, Future Performance, Shareholder Friendliness, Inexpensiveness, Price Drives Risk and Misjudgment and Misaction. This part is mainly about the valuation of stocks. Part III is Maintenance and…