Price you pay must be lower than Value you get

The author list 19 things he thinks important to insist in investing. By investing, he means value investing.
I personally think Chapter 16 is most wonderful paragragh I have ever read about risks. I hereby highly recommend people who are interested to read this chapter.

In the last chapter, the writer prepared an overview of the book, which is the perfect summary of the book. I have copied the whole chapter in the memo:
http://book.douban.com/annotation/31247504/