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Value Investing With the Masters: Revealing Interviews With 20 Market-Beating Managers Who Have Stood the Test of Time
Drawing on interviews with market-beating financial managers, the author of Wizards of Wall Street examines their successful investment approaches and techniques, financial advice, how they pick promising investments, and more as they explain in detail how they stay ahead of the competition.
336 pages, Hardcover
First published May 1, 2002
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Displaying 1 - 2 of 2 reviews
February 3, 2018
IN THE GROWTH WORLD YOU ARE GENERALLY BUYING MOMENTUM. AS A RESULT YOU HAVE TO RUN WITH LOWER FUM, AS YOU ARE OFTEN BUYING WHEN OTHERS ARE BUYING AND VICE VERSA.
One of the problems with the growth school is that people appear to deny that the future is uncertain.
One of the biggest mistakes investors make over the LT is selling emerging franchise type stocks too early.
Most of the things that we do in investing require making 55/45 decisions. By the time we are 90% certain its too late. You get information incrementally. Often you are wrong and have to change your mind which is hard.
The difficult is in discarding your old biases when somebody comes up with a new idea.
The heart and soul of a company is its ROA. 70% of Royce research effort is working out if ROA is sustainable.
Value investors come from middle class backgrounds normally where a feel for value is in their bones.
One of the problems with the growth school is that people appear to deny that the future is uncertain.
One of the biggest mistakes investors make over the LT is selling emerging franchise type stocks too early.
Most of the things that we do in investing require making 55/45 decisions. By the time we are 90% certain its too late. You get information incrementally. Often you are wrong and have to change your mind which is hard.
The difficult is in discarding your old biases when somebody comes up with a new idea.
The heart and soul of a company is its ROA. 70% of Royce research effort is working out if ROA is sustainable.
Value investors come from middle class backgrounds normally where a feel for value is in their bones.
November 6, 2009
This was published in 2002 and the predictions and timely material seems dated. The interviews explain how these investors finesse those good principles of value investing. This is not a book for a beginner.
Displaying 1 - 2 of 2 reviews