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.
Gabriel Wisdom is a co-founder of American Money Management, LLC, and
one of the nation's enduring radio personalities. Beginning in 1968 as an underground FM
disc jockey, his financial commentaries have appeared in syndication, on CBS Radio, and on
NPR. He's managed more than a billion dollars for wealthy investors since 1983, is
comanager of two public mutual funds, and hosts a daily program carried on affiliates of
the Business Talk Radio Network. Wisdom serves on several boards, including the Harvard
Business School Alumni Club of San Diego, and is a licensed private pilot.
Joe Tash's earliest recollection of asset gathering occurred on a trip
to Florida with his parents when he was five or six years old, with his triumphant victory
in a sea shell–collecting contest. Currently, Tash is a popular writer for several
newspapers and publications.
Table of Contents
Foreword.
Preface.
Acknowledgments.
Chapter 1 Ten Traits of The World’s Greatest Bargain Hunters.
Chapter 2 Fallen, Not Falling (An Important Distinction).
Chapter 3 Great Moments in Bottom Fishing: The Fallen Angels Hall of Fame.
Chapter 4 Buy CATS (Cheap and Timely Securities), Avoid Dogs.
Chapter 5 Cycles and Wall Street’s Wheel of Fortune.
Chapter 6 Who Wants to Be a Billionaire?
Chapter 7 Time Arbitrage, The Rational Investor’s Ally.
Chapter 8 The Pilot’s Checklist For Safe and Effective Investing.
Chapter 9 The Science of Demographics: A Glimpse into the Future.
Chapter 10 How to Pick Stocks: The Fallen Angels Formula.
Chapter 11 Profit from Panic, Corrections, and Volatility.
Chapter 12 The Little Chapter that Makes You a Better Investor.
Chapter 13 Will You Know When to Sell?
Chapter 14 Real Estate: The Other Fallen Angel Opportunity.
Chapter 15 Ten Fallen Angels for the Next Five Years.
Chapter 16 Stocks and Bonds and Rock and Roll: My Story.
Appendix: Recommended Books, Web Sites, and Helpful Sources.
About the Authors.
Index.
208 pages, Hardcover