The Guru Investor: How to Beat the Market Using History's Best Investment Strategies / Edition 1

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Over the past six decades, the U.S. stock market has averaged anannual return of about eleven percent per year. Yet, except for afew renowned Wall Street gurus, the vast majority of investors,both amateur and professional, fail to come anywhere close to thoseeleven percent average annual gains. Why do most investorsfail—and what do those very successful investment gurus havein common? The Guru Investor identifies the stock pickingmethodologies developed by some of history's best and mostsuccessful stock market gurus—including Peter Lynch, WarrenBuffett, Benjamin Graham, Martin Zweig, John Neff, andothers—and shows how you can combine these proven strategiesinto a disciplined investing system that has been proven tooutperform the market.

John Reese breaks down the very different approaches of each ofthe gurus—encompassing value, growth, and quantitativeinvesting—and lays out their philosophy and achievements,detailing step-by-step the secret formulas they used to beat themarket, while explaining why these legendary investors considercertain factors to be so important when analyzing individualstocks.

Reese not only discusses the individual gurus, their strategies,and why they are important, but he also explains how to best usethese strategies in the real world, showing how to sift through allof the choices to find a strategy that works for you. The modelportfolio system that the author has developed turns each strategyinto an actionable system, addressing many of the common mistakesthat doom investors to failure. In addition to offering theseindividual guru-based models, Reese also explains how to combineand implement these approaches into a multi-guru system that willprovide you with a comprehensive, practical stock investingstrategy with a proven track record. He reveals when you shouldbuy, when you should sell, how many stocks you should own, and muchmore.

All investors can learn from the thinking, writing, andexperience of Wall Street's greatest investors. The Guru Investor,and its free companion Website——will teach you thelessons of these greats and give you all the tools needed to putthose lessons to work in your investment strategy.

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Product Details

  • ISBN-13: 9780470377093
  • Publisher: Wiley
  • Publication date: 2/3/2009
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 336
  • Sales rank: 586,173
  • Product dimensions: 6.10 (w) x 9.10 (h) x 1.30 (d)

Meet the Author

John P. Reese, MBA, is the founder and CEO of Validea.comand Validea Capital Management. He is also portfolio manager forthe Omega American and International Consensus mutual funds offeredin the Canadian market. He is a regular columnist for,, and Israel's Globes newspaper. He holds twopatents in the area of automated stock analysis and is a graduateof Harvard Business School and the Massachusetts Institute ofTechnology.

Jack M. Forehand, CFA, is President of andcofounder of Validea Capital Management, LLC. Working inconjunction with John Reese, Forehand led the development ofValidea's investment models as well as the quantitative testingthat led to the creation of Validea Capital Management's consensusportfolios. He graduated from the honors program of the Universityof Connecticut with a BA in economics and is a CFAcharterholder.

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Table of Contents



Part One: Why You Need this Book.

Chapter 1 Learn from the Worst.

Chapter 2. The Cavalry Arrives.

Part Two: The Value Legends.

Chapter 3: Benjamin Graham: The Granddaddy of the Gurus.

Chapter 4: John Neff: The Investor's Investor.

Chapter 5: David Dreman: The Great Contrarian.

Chapter 6: Warren Buffett: The Greatest Guru.

Part Three: The Growth Legends (With a Value Twist).

Chapter 7: Peter Lynch: The Star "GARP" Manager.

Chapter 8: Kenneth L. Fisher: The Price/Sales Pioneer.

Chapter 9: Martin Zweig: The Conservative Growth Investor.

Part Four: The Pure Quants.

Chapter 10: James O'Shaughnessy: The Quintessential Quant.

Chapter 11: Joel Greenblatt: The Man with the Magic Formula.

Chapter 12: Joseph Piotroski: The Undiscovered Academic.

Part Five: From Theory to Practice.

Chapter 13: Putting It Together: The Principles of GuruInvesting.

Chapter 14: The Missing Piece: Knowing When To Sell.

Conclusion: Time To Take The Wheel.

Appendix A: Performance of Guru-Based 10- and 20-Stock ModelPortfolios.

Appendix B: Guru Yearly Track Record Comparison (Actual orBack-Tested Returns).


About the Authors.


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Customer Reviews

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Sort by: Showing 1 – 4 of 3 Customer Reviews
  • Anonymous

    Posted March 23, 2009

    A very good book for beginners and enthusiasts of the markets

    Interesting and somewhat unique approach.

    0 out of 1 people found this review helpful.

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  • Anonymous

    Posted January 14, 2010

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    Posted March 30, 2011

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