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Five Key Lessons from Top Money Managers
     

Five Key Lessons from Top Money Managers

by Scott Kays
 

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You can achieve success in the stock market if you follow a set of well-defined investment principles and refuse to abandon them when the market acts irrationally. If you learn how to use them properly, these proven investment principles act as a compass and a map—leading you safely through periods of uncertainty, mania, fear, or greed.

In Five Key Lessons

Overview

You can achieve success in the stock market if you follow a set of well-defined investment principles and refuse to abandon them when the market acts irrationally. If you learn how to use them properly, these proven investment principles act as a compass and a map—leading you safely through periods of uncertainty, mania, fear, or greed.

In Five Key Lessons from Top Money Managers, author and financial professional Scott Kays, CFP®, draws from his extensive interviews with five of the nation's preeminent money managers—Bill Nygren, Andy Stephens, Christopher Davis, Bill Fries, and John Calamos. Devoting a full chapter to each manager, Kays explores their unique investment philosophies and discusses the strategies that have made them among the best at what they do. Experienced investors will glean tremendous wisdom from the masters' frank discussions on selecting securities, managing portfolios, and increasing returns while reducing risk. Novices will build a strong foundation from the sound investment principles covered.

Although all of the managers exercise very different investment styles, Kays uncovers five common principles they all practice and to which they all adhere. Understanding these five common principles can help every investor improve their results and achieve investment success, regardless of their investment strategy. Specifically, Five Key Lessons from Top Money Managers will teach you how to:

  • Invest instead of speculate
  • Develop a personal investment philosophy
  • Build a custom investment process
  • Identify excellent companies
  • Buy stocks only when they sell at, or below, their fair market values

Unlike many books that discuss investment theory, but fail to give readers a practical way to apply what they have learned, Five Key Lessons from Top Money Managers develops a comprehensive, yet simple, investment process that incorporates all five of the masters' common investment practices. Virtually every investor who has access to a computer and the Internet can learn the process and use it immediately to make intelligent investment decisions. Kays uses examples throughout the book to carefully explain each step. He then examines three companies at the end of the book to demonstrate the model in its entirety.

The knowledge you gain from Five Key Lessons from Top Money Managers will let you experiment with new techniques as you improve your skills and build your personal wealth. Filled with in-depth insights and expert advice, this comprehensive guide has been acclaimed by investment experts and personal financial advisors as one book you must read to succeed in the investment world.

Product Details

ISBN-13:
9780471711834
Publisher:
Wiley
Publication date:
06/24/2005
Pages:
288
Product dimensions:
6.36(w) x 9.49(h) x 1.02(d)

Meet the Author

SCOTT KAYS, CFP, founded Kays Financial Advisory Corporation in 1985, an Atlanta-based money management firm now with over $100 million in client assets. He has written numerous magazine articles and presented financial seminars for major corporations, including IBM, AT&T, and BellSouth. He has been quoted in the New York Times, Washington Post, Investor's Business Daily, Bloomberg Wealth Manager, Journal of Financial Planning, and Money magazine. Kays earned a BS in industrial management from the Georgia Institute of Technology. He is also a member of Mensa (the international high-IQ society), Gamma Beta Phi National Honorary Fraternity, and the Financial Planning Association.

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