The Big Win Learning from the Legends to Become a More Successful Investor

by Weiss, Stephen L.

• ISBN13: 9780470916100
• ISBN10: 0470916109
• Edition: 1st
• Format: Hardcover
• Copyright: 2012-05-01
• Publisher: Wiley

Summary

The Big Win is a follow up to the author's successful first book: The Billion Dollar Mistake: Learning the Art of Investing through the Missteps of Legendary Investors. The Big Win will be the companion piece, focusing on extremely successful investments instead of spectacular failures. Each chapter begins with the inspiring life story of an extremely accomplished financier and their path to success, opening a window onto a personality that is inextricably linked to their investment style and, ultimately, the manner in which they cope with the loss of billions. The chapters continue on with a complete discussion of a trade that went far astray and concludes with lessons for the reader to follow so that they don't commit the same costly errors. Most importantly, each mistake is, in essence, incredibly common; they are mistakes committed by average investors, the only difference being in the magnitude of the loss. The Big Win is a very different type of investment book- it is both entertaining and a primer on successful investing.

Author Biography

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.

Table of Contents

Acknowledgments	p. xi
Introduction	p. 1
The Legends I Have Met: A Behind the Scenes Look at What Makes a Legend	p. 5
Wanted: The Truly Successful and the Truly Interesting	p. 7
Tying the Common Threads Together-The Portrait of the Perfect Investor	p. 16
Follow the Money: The Ugly Reality of Whale Watching	p. 19
The Glass Ceiling of Performance: Renée Haugerud	p. 35
Puts and Calls and Corn	p. 35
A Feel for Trading	p. 39
Commodities as Mover and Shaker	p. 42
Managing Risk	p. 48
Renée Haugerud's Big Win: The Three-Instrument Trade	p. 49
The Boom Goes Bust: James S. Chanos	p. 59
A Fan of the Facts	p. 61
The Baldwin-United Short	p. 64
Short Seller Supreme	p. 67
Doggedly-and Successfully-Cynical	p. 68
The China Short	p. 70
Digging Deep, Coming Up Big: Lee Ainslie	p. 83
Nurturing a Tiger Cub	p. 84
Apprentice to Journeyman to Master	p. 86
Mapping Maverick	p. 88
The Cognizant Big Win: Challenging Conventional Wisdom with Research	p. 93
small caps, BIG GAINS: Chuck Royce	p. 109
On the Not-So-Fast Track	p. 113
Reaping Value	p. 118
RBA: A Classic Big Win in the Royce Style	p. 125
The Prophet of a Profitable Vision: A. Alfred Taubrnan	p. 133
Native Wolverine	p. 134
Big Wins: The Enclosed Mall and the Irvine Ranch	p. 136
Core Competency	p. 139
Defeating Threshold Resistance	p. 142
The Process	p. 146
The Twenty-First Century Belongs to China-and Commodities: James Beeland Rogers Jr.	p. 153
Easy Rider Explores the World	p. 156
A Father's Gift	p. 159
Bullish on China	p. 160
The Commodities Connection	p. 162
Opportunity Is Where You Find It: R. Donahue Peebles	p. 171
No Limitations	p. 172
Finding the Deal	p. 177
On the Beach	p. 179
The Peebles Way to a Win	p. 181
Finding Value in Junk: Martin J. Whitman	p. 193
Educational Value Added: On-the-Job Training	p. 195
Solo	p. 197
The More You Know…	p. 200
Bringing the Carcass Back to Life	p. 201
Conclusion: So There You Have It…	p. 211
About the Author	p. 215
Index	p. 217ÿþ
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