Overview
MASTER CLASS FOR INVESTORS takes an in-depth look at the complex interplay between perception and misperception in financial markets and the consequences of misplaced interpretations of hard data. Sosnoff shows how a successful investor copes with market cycles, evaluates financial risk and stock selection. He also talks candidly about how he manages his own portfolio in terms of its conceptual framework and specific investments, and he offers advice for family wealth management, too.
A colorful story-teller, Sosnoff's anecdotes highlight his measured money management execution. Learn about fine wine, contemporary art, literature, horses, dogs, even the demise of Venice, all in the name of understanding Sosnoff's art of successful investing. In addition, Sosnoff shares war stories, praise and critiques of a veritable who's who of the business world including: Warren Buffett, Donald Trump, Sam Walton, Michael Milken, George Soros, Steve Wynn, Larry Tisch, Rupert Murdoch, Carl Icahn, Bill Gates, Paul Volcker and Alan Greenspan.
MASTER CLASS FOR INVESTORS goes beyond boardrooms and trading floors to take the reader inside the psyche of one of the shrewdest investors in our time.
Quotes and Endorsements:
“This is no ordinary book about investing and financial markets. Martin Sosnoff has written a book of uncommon eloquence and elegance befitting his unique status as a hard-as-nails man of business, who at the same time is a connoisseur of art, literature, and wine. This is an eye opening and candid account of how the economy and the world of finance function and how success demands an extraordinary level of discipline and conceptual insight. Sosnoff displays both these virtues brilliantly.” — Leon Botstein, President of Bard College
“This colorful memoir of a half-century on Wall Street shows that many of the most successful investors conduct detailed research to understand both sides of the corporate balance sheet as well as social, regulatory and economic trends, management skills and capital markets cycles. These and other insights make it a practical, yet entertaining read.” — Michael Milken, Chairman, The Milken Institute
“It’s terrific. Lots of personal anecdotes make it very human, with lots of wisdom.” — Peter May, President, Trian Partners
“Martin Sosnoff is a Master standing alone. A Master at connecting the tough lessons of growing up poor in the Bronx as compared to his growing wealth as an investment manager and avant garde collector of modern art and capacious mansions. He is as well a Master of irreverence at the blind spots of Wall Street compared to the reverence he has for the gritty entertaining stories and the painful lessons of his career losing big before winning big. There are the Sosnoff rules of thumb to winning big; ‘own underappreciated or controversial properties at one times their growth rate. Apple to Facebook qualify.’ This is not a dry how to invest your money work. This is a ribald pungent series of lessons in life that will entertain you while enlightening you. Neither Larry Tisch nor Warren Buffett nor Gerry Tsai ever wrote such a book. New York Jewish humor leavened with the lessons of a lifetime investing other people’s money.” — Bob Lenzner, contributing editor and columnist Forbes and bestselling author of The Great Getty
