Today's investor is faced with a myriad of investment options andstrategies. Whether you are seeking someone to manage your money orare a self-directed investor deciding to tackle the market on yourown, the options can be overwhelming.In an easy-to-read and simple format, this book will dissect thestrategies of some of Wall Street's most successful investmentgurus and teach readers how to weed through the all of the choicesto find a strategy that works for them. The model portfolio systemthat author John Reese developed turns each strategy into anactionable system, addressing many of the common mistakes that doomindividual investors to market underperformance. This book willfocus on the principles behind the author's multi-guru approach,showing how investors can combine the proven strategies of theselegendary "gurus" into a disciplined investing system that hassignificantly outperformed the market.Gurus covered in the book are: Benjamin Graham; John Neff; DavidDreman; Warren Buffett; Peter Lynch; Ken Fisher; Martin Zweig;James O'Shaughnessy; Joel Greenblatt; and Joseph Piotroski.
|Product dimensions:||6.10(w) x 9.10(h) x 1.30(d)|
About 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 Forbes.com,RealMoney.com, 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 Validea.com 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.
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.
Most Helpful Customer Reviews
Seriously one of the best investment books I've ever read.And I had my doubts as I've read too many guru investor books that do nothing more than retell the investor's history. While that might be interesting, what I personally want to know it why and how a star investor makes his decisions. This book answers that need and then some. You are not only enlightened about one investment style but three (value, growth and quaints) through exploring how ten legendary investors do/did it. Each individual chapter is almost a book in itself and makes for a useful and robust stock screen. What is so great about how this book is set up is that within these ten different investment philosophies you are sure to find one that fits your investing profile as is or you can tailor it to your individual needs by combining it with other styles/screens. Especially appreciated is each investor chapter contains a table of comparison stats of 10 and 20 model stock portfolios to the S&P for the same period; you see actual performance. Then, after exploring the ten legends of investing, the book goes to part 5 called "From Theory to Practice" which puts together everything previous in the book into a workable whole. The authors advocate a blended style approach for maximum returns and here a little self promoting of their website comes in. Normally I'd be less than enthused about the self promotion but they've put so much work and research into the rest of their book that I let this one slide; they do show you how to do it yourself but you will have to invest some serious time into doing the research (nothing's for free after all). I've already been working with two of the investment philosophies in the book (Greenblatt and Fisher) for some time with success so to have the toolkit of the other legends can do nothing but help. Highly recommended and very enthused - this book has a permanent place in my investment library and is now one of my favorites.
Interesting and somewhat unique approach.