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

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

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by John P. Reese
     
 

Over the past six decades, the U.S. stock market has averaged an annual return of about eleven percent per year. Yet, except for a few renowned Wall Street gurus, the vast majority of investors, both amateur and professional, fail to come anywhere close to those eleven percent average annual gains. Why do most investors fail—and what do those very successful

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Overview

Over the past six decades, the U.S. stock market has averaged an annual return of about eleven percent per year. Yet, except for a few renowned Wall Street gurus, the vast majority of investors, both amateur and professional, fail to come anywhere close to those eleven percent average annual gains. Why do most investors fail—and what do those very successful investment gurus have in common? The Guru Investor identifies the stock picking methodologies developed by some of history's best and most successful stock market gurus—including Peter Lynch, Warren Buffett, Benjamin Graham, Martin Zweig, John Neff, and others—and shows how you can combine these proven strategies into a disciplined investing system that has been proven to outperform the market.

John Reese breaks down the very different approaches of each of the gurus—encompassing value, growth, and quantitative investing—and lays out their philosophy and achievements, detailing step-by-step the secret formulas they used to beat the market, while explaining why these legendary investors consider certain factors to be so important when analyzing individual stocks.

Reese not only discusses the individual gurus, their strategies, and why they are important, but he also explains how to best use these strategies in the real world, showing how to sift through all of the choices to find a strategy that works for you. The model portfolio system that the author has developed turns each strategy into an actionable system, addressing many of the common mistakes that doom investors to failure. In addition to offering these individual guru-based models, Reese also explains how to combine and implement these approaches into a multi-guru system that will provide you with a comprehensive, practical stock investing strategy with a proven track record. He reveals when you should buy, when you should sell, how many stocks you should own, and much more.

All investors can learn from the thinking, writing, and experience of Wall Street's greatest investors. The Guru Investor, and its free companion Web site—www.guruinvestorbook.com—will teach you the lessons of these greats and give you all the tools needed to put those lessons to work in your investment strategy.

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Product Details

ISBN-13:
9780470377093
Publisher:
Wiley
Publication date:
02/03/2009
Edition description:
New Edition
Pages:
336
Sales rank:
948,081
Product dimensions:
6.10(w) x 9.10(h) x 1.30(d)

Table of Contents

Acknowledgements.

Introduction.

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).

References.

About the Authors.

Index.

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