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Wisdom on Value Investing: How to Profit on Fallen Angels

Wisdom on Value Investing: How to Profit on Fallen Angels

by Gabriel Wisdom

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Overview

Wisdom on Value Investing offers author Gabriel Wisdom's insights on succeeding in difficult markets. One of his favorite approaches-which is part classic value investing and part behavioral finance-is called "The Fallen Angels Investment Strategy," and it prepares investors to look past short-term value assumptions in order to capture profits. Throughout this book, Wisdom will show you how to capitalize on value plays where the fundamentals are actually strong, but the "general wisdom" surrounding the security has turned negative. He discusses how stocks with the most promise are ones that Wall Street has marked down without regard to their underlying value, and reveals how this type of intrinsic value discount provides a margin of safety during difficult times, and substantial upside rewards for those who find them early enough.
  • Takes value investing one step further by mixing significant amounts of behavioral finance into the analysis
  • Prepares investors to take advantage of other's mistakes
  • A time-tested strategy for any type of market-up or down

A classic look at value investing with a twist, this book will put you in a better position to succeed in both bull and bear markets.

Includes a Foreword by Mary Buffett and David Clark, authors of Buffettology.

Product Details

ISBN-13: 9780470457306
Publisher: Wiley
Publication date: 10/05/2009
Pages: 208
Product dimensions: 6.20(w) x 9.10(h) x 0.90(d)

About the Author

GABRIEL WISDOM is a co-founder of American Money Management, LLC, and one of the nation's enduring radio personalities. Beginning in 1968 as an underground FM disc jockey, his financial commentaries have appeared in syndication, on CBS Radio, and on NPR. He's managed more than a billion dollars for wealthy investors since 1983, is comanager of two public mutual funds, and hosts a daily program carried on affiliates of the Business Talk Radio Network. Wisdom serves on several boards, including the Harvard Business School Alumni Club of San Diego, and is a licensed private pilot.

JOE TASH'S earliest recollection of asset gathering occurred on a trip to Florida with his parents when he was five or six years old, with his triumphant victory in a sea shell–collecting contest. Currently, Tash is a popular writer for several newspapers and publications.

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Table of Contents

Foreword ix

Preface xi

Acknowledgments xv

Chapter 1 Ten Traits of The World’s Greatest Bargain Hunters 1

Chapter 2 Fallen, Not Falling (An Important Distinction) 15

Chapter 3 Great Moments in Bottom Fishing: The Fallen Angels Hall of Fame 29

Chapter 4 Buy CATS (Cheap and Timely Securities), Avoid Dogs 35

Chapter 5 Cycles and Wall Street’s Wheel of Fortune 45

Chapter 6 Who Wants to Be a Billionaire? 57

Chapter 7 Time Arbitrage, The Rational Investor’s Ally 69

Chapter 8 The Pilot’s Checklist For Safe and Effective Investing 77

Chapter 9 The Science of Demographics: A Glimpse into the Future 87

Chapter 10 How to Pick Stocks: The Fallen Angels Formula 95

Chapter 11 Profit from Panic, Corrections, and Volatility 107

Chapter 12 The Little Chapter that Makes You a Better Investor 119

Chapter 13 Will You Know When to Sell? 131

Chapter 14 Real Estate: The Other Fallen Angel Opportunity 145

Chapter 15 Ten Fallen Angels for the Next Five Years 155

Chapter 16 Stocks and Bonds and Rock and Roll: My Story 163

Appendix: Recommended Books, Web Sites, and Helpful Sources 169

About the Authors 173

Index 175

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