Big Win - Learning From the Legends to Become a More Successful Investor

Informationen zum Autor 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 on Fast Money and Fast Money Halftime Report . Weiss is the author of The Billion Dollar Mistake: Learning the Art of Investing Through the Missteps of Legendary Investors (Wiley), which has been translated into Chinese, Japanese, and Korean versions. Klappentext THE BIG WIN In his first book, The Billion Dollar Mistake , Stephen L. Weiss explored the surprisingly pedestrian blunders of billionaire investors to show the rest of us how to avoid making the same mistakes. Now, in The Big Win: Learning from the Legends to Become a More Successful Investor , he's back, looking at the successes?rather than the failures?of another group of living legends to show you how to make use of their unique strategies to improve your own returns. Diverse in their backgrounds, each one of the investors profiled in the book triumphed by drawing on their personal strengths and transforming them into fortune-building wisdom. Weiss highlights the investment acumen and strategies that allowed these exceptional individuals to excel and details their biggest wins, focusing on those that most clearly illustrate their distinctive investing styles. Incorporating end-of-chapter "takeaways" that succinctly summarize the key lessons to be learned from each story, The Big Win is designed to help readers from all backgrounds and levels of experience understand the qualities that make an investor great, and how to apply the strategies of these luminaries to your investing career. Packed with advice that can be applied to any asset class, the book distills the most important achievements of true investment superstars into exciting and endlessly inspiring stories that you can easily relate to and apply to your financial pursuits to attain greater success. Drawing on the lives of men and women who made their fortunes not only in the stock market, but also in real estate, commodities, and high-yield bonds, The Big Win is an anthology of the incredible stories of true pioneers who transcended race, gender, and class to become investment legends, and what you can learn from their experiences. Zusammenfassung A rousing and practical look at the extremely successful investments of top investors In his first book, The Billion Dollar Mistake, author Stephen L. Weiss showcased the biggest blunders of some of the world's legendary investors which lost them billions of dollars on a single investment. Inhaltsverzeichnis 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 Together-The 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 Haugerud's 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 Doggedly-and Successfully-Cynical 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-...

List of contents

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 Together--The 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 Haugerud's 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
 
Doggedly--and Successfully--Cynical 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 China--and Commodities: James Beeland Rogers Jr. 153
 
Easy Rider Explores the World 156
 
A Father's 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

Product details

• Authors: Weiss, Sl Weiss, Stephen L Weiss, Stephen L. Weiss, Weiss Stephen L.
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 15.05.2012
• EAN: 9780470916100
• ISBN: 978-0-470-91610-0
• No. of pages: 240
• Subjects: Social sciences, law, business > Business > Business administration; Kapitalanlage, Finance & Investments, Finanz- u. Anlagewesen, Kapitalanlagen u. Wertpapiere, Investments & Securities