Taking readers behind the scenes of Wall Street, an investment expert shares tips from fourteen money managers and four financial economists, including Peter Lynch, Eric Ryback, and William F. Sharpe, to help readers develop their best possible investment strategy. Original. 30,000 first printing.
PETER J. TANOUS is chairman of Lynx Investment Advisory, an investment consulting firm headquartered in Washington D.C. He has over 40 years’ experience in finance. A graduate of Georgetown University, he serves on the university’s investment committee. Tanous has a long writing history, starting with three novels he authored and co-authored in the late 70s. Along with Paul Rubinstein, he wrote The Petrodollar Takeover, published by G.P. Putnam. The book was successful, had multiple printings and several foreign sales.
A second co-authored book was The Wheat Killing, published by Doubleday. Tanous wrote The Earhart Mission in 1980, published by Simon & Schuster. The book received a solid paperback sale to Bantam, several foreign sales, and a film rights sale to Warner. In later years, Tanous concentrated on books in the investment and economic fields. The Secret of Fatima marks his return to writing fiction. Tanous serves on several corporate and non-profit boards of directors. He lives in Washington DC with his wife, Ann.
A satisfying read. Considering this was the mid 90s am surprised to see the skepticism as well as the (understandable) mania even among the top investors. Also a good touch that both top investors and top academicians were invited, mainly to represent both sides of the efficient markets hypothesis debate / passive vs active investing. The last section was a wash and mileage may vary, but nonetheless a nice attempt at an ending.
Tanous' conclusion: it's possible to beat the market, but anyone who does so consistently (and intentionally), invests a lot into it. The two common factors each of these proven gurus demonstrated consistently were having a strategy, and sticking to it with discipline.
Insightful interview from renowned money managers. Includes both value, growth managers and academics (EMT). Since I have a value bias, 4 stars for the interviews of value managers.