The Hidden Market Anomaly That Regularly Beats the S&P 500—How Smart Investors Buy a Dollar for Fifty Cents
For over a century, a peculiar and powerful anomaly has existed in the stock market—one that has allowed savvy investors to buy $1 worth of assets for just 50 cents. This isn't a gimmick. It's not a speculative trick. It's a documented, persistent market inefficiency that professional traders, fund managers, and even Warren Buffett himself have quietly leveraged to outperform the market for decades.
Yet most investors remain completely unaware of it.
This anomaly exists in closed-end funds (CEFs)—one of the stock market's most misunderstood and overlooked asset classes. Unlike traditional mutual funds and ETFs, CEFs trade at deep discounts to the net asset value (NAV) of their holdings, creating unique opportunities for those who understand how to capitalize on them.
Now, in A Dollar for Fifty Cents, veteran investor and portfolio manager Michael Joseph, CFA, unveils the hidden power of CEFs, showing investors how to profit from mispricings, avoid common pitfalls, and build a smarter, more profitable portfolio. Whether you're an individual investor, a financial advisor, or a portfolio manager, this book will transform the way you think about value investing and market inefficiencies.
Through engaging insights, real-world examples, and cutting-edge research, Joseph reveals:
- ✅ Why CEFs consistently trade at a discount—and how to profit from it
- ✅ The key metrics that separate winning funds from money traps
- ✅ Proven strategies for leveraging CEFs for long-term wealth building
- ✅ How activist investors influence CEFs—and how you can benefit
- ✅ The critical mistakes to avoid when investing in these funds
The Hidden Market Anomaly That Regularly Beats the S&P 500—How Smart Investors Buy a Dollar for Fifty Cents
For over a century, a peculiar and powerful anomaly has existed in the stock market—one that has allowed savvy investors to buy $1 worth of assets for just 50 cents. This isn't a gimmick. It's not a speculative trick. It's a documented, persistent market inefficiency that professional traders, fund managers, and even Warren Buffett himself have quietly leveraged to outperform the market for decades.
Yet most investors remain completely unaware of it.
This anomaly exists in closed-end funds (CEFs)—one of the stock market's most misunderstood and overlooked asset classes. Unlike traditional mutual funds and ETFs, CEFs trade at deep discounts to the net asset value (NAV) of their holdings, creating unique opportunities for those who understand how to capitalize on them.
Now, in A Dollar for Fifty Cents, veteran investor and portfolio manager Michael Joseph, CFA, unveils the hidden power of CEFs, showing investors how to profit from mispricings, avoid common pitfalls, and build a smarter, more profitable portfolio. Whether you're an individual investor, a financial advisor, or a portfolio manager, this book will transform the way you think about value investing and market inefficiencies.
Through engaging insights, real-world examples, and cutting-edge research, Joseph reveals:
- ✅ Why CEFs consistently trade at a discount—and how to profit from it
- ✅ The key metrics that separate winning funds from money traps
- ✅ Proven strategies for leveraging CEFs for long-term wealth building
- ✅ How activist investors influence CEFs—and how you can benefit
- ✅ The critical mistakes to avoid when investing in these funds
A Dollar for Fifty Cents: Proven Strategies to Outperform the Market with Closed-End Funds
A Dollar for Fifty Cents: Proven Strategies to Outperform the Market with Closed-End Funds
eBook
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Product Details
| BN ID: | 2940184310626 |
|---|---|
| Publisher: | IW$ Press |
| Publication date: | 04/24/2025 |
| Sold by: | Barnes & Noble |
| Format: | eBook |
| File size: | 2 MB |