The Warren Buffetts Next Door The World's Greatest Investors You've Never Heard Of and What You Can Learn From Them

by Schifrin, Matthew

• ISBN13: 9780470573785
• ISBN10: 0470573783
• Edition: 1st
• Format: Hardcover
• Copyright: 2010-11-09
• Publisher: Wiley
• More Book Details

Summary

A practical guide for investors who are ready to take financial matters into their own handsThe Warren Buffetts Next Door profiles previously unknown investors, with legendary performance records, who are proving every day that you don't need to work for a hedge fund or have an Ivy League diploma to consistently beat the best performing Wall Street professionals.These amazing individuals come from all walks of life, from a globe drifting high school dropout and a retired software salesman to a computer room geek and a clinical psychiatrist. Their methods vary from technical trading and global macro-economic analysis to deep value investing. The glue that holds them together is their passion for investing and their ability to efficiently harness the Internet for critical investment ideas, research, and trading skills. The author digs deep to find the best of the best, even finding those who are making money during these turbulent times Also contains interviews with those who were hit hard by the crisis, but are finding ways to adapt and get back on track Shows you how to rely on your own instincts and knowledge when making important investment decisionsIn an era when the best professional advice has cracked many investor nest eggs and Madoff-style frauds have shattered investor trusts, the self-empowered investors found in The Warren Buffetts Next Door offer an inspiring tale.978-0470-87514-8Americans as a whole view themselves as reasonably prudent and sober people when it comes to matters of money, reflecting the puritan roots of the earliest European settlers. Yet as a community, we also seem to believe that we are entitled to a lifestyle that is well-beyond our current income, a tendency that goes back to the earliest days of the United States and particularly to get rich quick experiences ranging from the Gold Rush of the 1840s to the real estate bubble of the early 21st Century.Inflated examines this apparent conflict and makes the argument that such a world view is so ingrained in us that to expect the United States to live in a "deflated" world is simply unrealistic. It skillfully seeks to tell the story of, money inflation and public debt as enduring (and perhaps endearing) features of American life, rather than something we can one day overcome as our policy makers constantly promise. Features interviews with today's top financial industry leaders and insiders. Offer a glimpse into the future of the Federal Reserve and the role it will play in the coming years Examines what the future may hold for the value of the U.S. dollar and the real incomes of future generations of AmericansThe gradual result of the situation we find ourselves in will inevitably lead to inflation, loss of economic opportunity, and a decline in the value of the dollar. This book will show you why, and reveal how we might be able to deal with it.

Author Biography

Matthew Schifrin is Vice President and Investing Editor at Forbes Media LLC. He oversees money, investing, and personal finance content in Forbes magazine and on Forbes.com, including its Intelligent Investing and Financial Adviser Network. Schifrin also manages Forbes Newsletter Group and Forbes iConferences, and was the founding editor of Forbes.com's Best of the Web. As an investigative reporter, his articles have been featured on the cover of Forbes magazine dozens of times and he has been a finalist for an American Society of Magazine Editors National Magazine Award. Schifrin is a frequent speaker at investor conferences and has appeared numerous times on radio and television.

Table of Contents

Foreword	p. xiii
Acknowledgments	p. xv
Introduction: Thou Shalt Covet Thy Neighbor's Portfolio	p. xvii
Vagabond Value	p. 1
Tangible Tactics	p. 3
Who Is Chris Rees?	p. 6
Rees's Rules of Investing	p. 10
Case Study: Abatix Corp (OTC: ABIX)	p. 11
Rees: In His Own Words	p. 12
Reflecting on the Financial Meltdown of 2008	p. 12
Options Apostle	p. 15
Sell Options, Have Fun, and Make Money	p. 18
Who Is Bob Krebs?	p. 20
Krebs's Rules of Investing	p. 24
Case Study: Annaly Mortgage (NYSE: NLY)	p. 29
Krebs: In His Own Words	p. 32
On Avoiding the Big Loss	p. 32
A Silver Lining to the Crash of 2008	p. 33
Lady's Man	p. 35
Knife Catching	p. 37
Who Is Mike Koza?	p. 42
Koza's Rules of Investing	p. 46
Case Study: Radian Group (NYSE: RDN)	p. 48
Koza: In His Own Words	p. 50
On Comparing the Market to Whitewater Rafting	p. 50
On Professional Money Management	p. 51
The Sorcerer's Apprentice	p. 53
Magpie Investing	p. 56
Who Is Kai Petainen?	p. 60
Petainen's Rules of Investing	p. 63
Case Study: Ternium, S.A. (NYSE:TX)	p. 65
Petainen: In His Own Words	p. 67
On Jim Cramer, John Stewart, Stock Analysts, and ôSisuö	p. 67
Network Miner	p. 69
Peer-to-Peer Profits	p. 71
Who Is Alan Hill?	p. 77
Hill's Rules of Investing	p. 79
Case Study: China Energy Corp. (OTCBB: CHGY)	p. 80
Hill: In His Own Words	p. 83
On China's Emergence	p. 83
On Change	p. 83
Ramblin' Jack	p. 85
Buying Hiccups	p. 87
Who Is Jack Weyland?	p. 93
Weyland's Rules of Investing	p. 96
Case Study: Iomai	p. 98
Weyland: In His Own Words	p. 100
On Health Care versus Other Sectors	p. 100
On His Approach to Investing	p. 100
The Oracle of Manitoba	p. 101
Warren Buffett Meets Sir John Templeton	p. 102
Who Is Randy McDuff?	p. 104
McDuff's Rules of Investing	p. 107
Case Study: Companhia Brasileira de Distribuicao (NYSE:CBD)	p. 111
McDuff: In His Own Words	p. 114
On Utilities and Recession-Resistant Stocks	p. 114
Post-2008 Crash Investing	p. 114
On Retirement Investing	p. 115
On New Money versus Old Money	p. 115
Mexican Gold	p. 117
From Detective to Deal Maker	p. 120
Who Is Andrew Swann?	p. 124
Swann's Rules of Investing	p. 129
Case Study: Oceana Gold (TSE: OGC.CA)	p. 131
Swann: In His Own Words	p. 133
On Owning Physical Gold	p. 133
On Whether He Is a Speculator or Investor	p. 133
On Living in Mexico	p. 133
Stock Angler	p. 135
Do as I Do, Not as I Say	p. 138
Who Is Justin Uyehara?	p. 142
Uyehara's Rules of Investing	p. 143
Case Study: Mediation (NASDAQ: MDVN)	p. 145
Uyehara: In His Own Words	p. 147
On His Goal of Becoming a Money Manager	p. 147
On Price-Earnings Multiples	p. 147
On the Market's Strong Rebound from 2008	p. 147
Bear Market Hero	p. 149
Bear Tracking	p. 151
Who Is John Navin?	p. 157
Navin's Rules of Investing	p. 160
Case Study: PowerShares DB U.S. Dollar Index Bullish (NYSE: UUP)	p. 162
Navin: In His Own Words	p. 163
On Playing Blackjack and Investing	p. 163
On Technical Analysis versus Fundamental Analysis	p. 164
On the Goldman Sachs Scandal Fallout	p. 164
Legendary Investor Incubators	p. 165
Marketocracy (www.marketocracy.com)	p. 166
ValueForum.com (www.valueforum.com)	p. 168
Value Investors Club (www.valueinvestorsclub.com)	p. 170
Motley Fool Caps (http://caps.fool.com)	p. 171
Covestor (www.covestor.com)	p. 172
kaChing.com (www.kaching.com)	p. 173
RiskGrades (www.riskgrades.com)	p. 174
Investor's Business Daily (www.investors.com)	p. 175
American Association of Individual Investors (www.aaii.com)	p. 176
FundAlarm (www.fundalarm.com)	p. 177
StockCharts.com (www.stockcharts.com)	p. 178
Other Sites to Bookmark	p. 179
Notes	p. 183
About the Author	p. 187
Index	p. 189
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