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.
Inhaltsverzeichnis
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
