Beschreibung
A rousing and practical look at the extremely successful investments of top investorsIn his first book,The Billion Dollar Mistake, author Stephen L. Weiss showcased the biggest blunders of some of the world's legendary investorswhich lost them billions of dollars on a single investment. Incredibly, the mistakes they made were the same mistakes made by everyday investors but for the magnitude of the loss.
Weiss's second book,The Big Win: Learning from the Legends to Become a More Successful Investor, highlights financial successes, explaining how the world's most successful investors make a fortune and how you can do the same. As with the missteps Weiss profiled in his first book, the strategies used by these legendary investors are available to all, regardless of size or sophistication.
Profiles legendary investors and highlights their investment strategiesfrom finding the right investment to researching to making a moveProbes each investor's personality and questions their investment thinkingIdentifies and describes each investor's "big win" and why it became their most successful investment
The Big Win is a primer on successful investing the way it is really done by the people who do it for a livingpassionately and with extraordinary success.The Billion Dollar Mistake told readers whatnot to do to get rich;The Big Win shows readers how to do it right for the payoff of their lives.
Autorenportrait
STEPHEN L. WEISS is a twenty-five-year veteran of Wall Street and the Managing Partner of Short Hills Capital Partners, LLC. An active investor, markets expert, and public speaker, he is also a CNBC contributor, appearing regularly onFast Money andFast Money Halftime Report. Weiss is the author ofTheBillion Dollar Mistake: Learning the Art of Investing Through the Missteps of Legendary Investors (Wiley), which has been translated into Chinese, Japanese, and Korean versions.
Inhalt
Acknowledgments xi
Introduction 1
Chapter 1 The Legends I Have Met: A Behind the Scenes Look at What Makes a Legend 5
Wanted: The Truly Successful and the Truly Interesting 7
Tying the Common Threads TogetherThe Portrait of the Perfect Investor 16
Chapter 2 Follow the Money: The Ugly Reality of Whale Watching 19
Chapter 3 The Glass Ceiling of Performance: Renée Haugerud 35
Puts and Calls and Corn 36
A Feel for Trading 39
Commodities as Mover and Shaker 42
Managing Risk 48
Renée Haugeruds Big Win: The Three-Instrument Trade 49
Chapter 4 The Boom Goes Bust: James S. Chanos 59
A Fan of the Facts 61
The Baldwin-United Short 64
Short Seller Supreme 67
Doggedlyand SuccessfullyCynical 68
The China Short 70
Chapter 5 Digging Deep, Coming Up Big: Lee Ainslie 83
Nurturing a Tiger Cub 84
Apprentice to Journeyman to Master 86
Mapping Maverick 88
The Cognizant Big Win: Challenging Conventional Wisdom with Research 93
Chapter 6 small caps, BIG GAINS: Chuck Royce 109
On the Not-So-Fast Track 113
Reaping Value 118
RBA: A Classic Big Win in the Royce Style 125
Chapter 7 The Prophet of a Profitable Vision: A. Alfred Taubman 133
Native Wolverine 134
Big Wins: The Enclosed Mall and the Irvine Ranch 136
Core Competency 139
Defeating Threshold Resistance 142
The Process 146
Chapter 8 The Twenty-First Century Belongs to Chinaand Commodities: James Beeland Rogers Jr. 153
Easy Rider Explores the World 156
A Fathers Gift 159
Bullish on China 160
The Commodities Connection 162
Chapter 9 Opportunity is Where You Find It: R. Donahue Peebles 171
No Limitations 172
Finding the Deal 177
On the Beach 179
The Peebles Way to a Win 181
Chapter 10 Finding Value in Junk: Martin J. Whitman 193
Educational Value Added: On-the-Job Training 195
Solo 197
The More You Know . . . 200
Bringing the Carcass Back to Life 201
Conclusion: So There You Have It . . . 211
About the Author 215
Index 217
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