Value Investing

ISBN-13: 9780470457306 / Angielski / Twarda / 2009 / 208 str.

Gabriel Wisdom

Opis

Wisdom on Value Investing offers author Gabriel Wisdom's insights on succeeding in difficult markets. One of his favorite approaches-which is part classic value investing and part behavioral finance-is called "The Fallen Angels Investment Strategy," and it prepares investors to look past short-term value assumptions in order to capture profits. Throughout this book, Wisdom will show you how to capitalize on value plays where the fundamentals are actually strong, but the "general wisdom" surrounding the security has turned negative. He discusses how stocks with the most promise are ones that Wall Street has marked down without regard to their underlying value, and reveals how this type of intrinsic value discount provides a margin of safety during difficult times, and substantial upside rewards for those who find them early enough.

• Takes value investing one step further by mixing significant amounts of behavioral finance into the analysis
• Prepares investors to take advantage of other's mistakes
• A time-tested strategy for any type of market-up or down

A classic look at value investing with a twist, this book will put you in a better position to succeed in both bull and bear markets. Includes a Foreword by Mary Buffett and David Clark, authors of Buffettology.

Recenzje

“If you are looking for a book that explains how to screen stocks for a long–term investment, then start with Wisdom on Value Investing. You′ll find it as entertaining as it is informative. His tips just might make you a bundle of money, or protect you from costly mistakes.”
— Thomas Bulkowski, thepatternsite.com, October 2009

“ … I liked this book because it presented value investing in a way that wasn’t intimidating. It touched on a lot of investing topics, such as portfolio management and categorizing Fallen Angels, and subjects I haven’t even mentioned and does so in a very casual and conversational way.”
— Jim Wang, bargaineering.com, January 2010

"You really can become a better investor if you pay attention to fundamentals, and look for investments that are underpriced but have good upside potential. You may not score big in a year or two, but you are more likely to see steady gains over the years if you employ some of the techniques in Wisdom′s book." ”
— Miranda Marquit, AllBusiness.com, February 2010

Spis treści

Foreword ix

Preface xi

Acknowledgments xv

Chapter 1 Ten Traits of The World’s Greatest Bargain Hunters 1

Chapter 2 Fallen, Not Falling (An Important Distinction) 15

Chapter 3 Great Moments in Bottom Fishing: The Fallen Angels Hall of Fame 29

Chapter 4 Buy CATS (Cheap and Timely Securities), Avoid Dogs 35

Chapter 5 Cycles and Wall Street’s Wheel of Fortune 45

Chapter 6 Who Wants to Be a Billionaire? 57

Chapter 7 Time Arbitrage, The Rational Investor’s Ally 69

Chapter 8 The Pilot’s Checklist For Safe and Effective Investing 77

Chapter 9 The Science of Demographics: A Glimpse into the Future 87

Chapter 10 How to Pick Stocks: The Fallen Angels Formula 95

Chapter 11 Profit from Panic, Corrections, and Volatility 107

Chapter 12 The Little Chapter that Makes You a Better Investor 119

Chapter 13 Will You Know When to Sell? 131

Chapter 14 Real Estate: The Other Fallen Angel Opportunity 145

Chapter 15 Ten Fallen Angels for the Next Five Years 155

Chapter 16 Stocks and Bonds and Rock and Roll: My Story 163

Appendix: Recommended Books, Web Sites, and

Helpful Sources 169

About the Authors 173

Index 175

O autorze

Gabriel Wisdom is a co–founder of American Money Management, LLC, and one of the nation′s enduring radio personalities. Beginning in 1968 as an underground FM disc jockey, his financial commentaries have appeared in syndication, on CBS Radio, and on NPR. He′s managed more than a billion dollars for wealthy investors since 1983, is comanager of two public mutual funds, and hosts a daily program carried on affiliates of the Business Talk Radio Network. Wisdom serves on several boards, including the Harvard Business School Alumni Club of San Diego, and is a licensed private pilot.

Joe Tash′s earliest recollection of asset gathering occurred on a trip to Florida with his parents when he was five or six years old, with his triumphant victory in a sea shell–collecting contest. Currently, Tash is a popular writer for several newspapers and publications.

Blurb

Praise for wisdom on value investing

"I have worked with Gabriel Wisdom for many years, and he is well positioned to be one of the new Graham and Dodds of this era. This book has much wisdom for investing in the long bear market ahead. I strongly suggest that you study his techniques thoroughly."—Harry S. Dent Jr., Economist and New York Times bestselling author

"Wisdom on Value Investing has found a permanent place on my bookshelf next to my four editions of Graham′s Security Analysis and the last thirty years of Berkshire Hathaway annual reports. I can′t think of a better book to have at¿your side for making money in these turbulent times."—Mary Buffett and David Clark, internationally acclaimed authors of six books on Warren Buffett′s methods

When it comes to buying and selling stocks, why do some people have a magic touch, while others have the kiss of death?

Based on Gabriel Wisdom′s popular Fallen Angels strategy, Wisdom on Value Investing offers you the tools to invest successfully in both bull and bear markets—sharing the top ten traits of the greatest investors in history.

This savvy guide recognizes that markets rise and fall based on emotion, moods, and circumstances, and that people who are aware of this phenomenon—and use it to their advantage—are in a position to make a lot of money.

Laying out his methodology for determining when it is worth investing in a "Fallen Angel" whose stock price has plunged, the tips and strategies found in Wisdom on Value Investing will help you enter today′s market with confidence and exit with profits.