Cover image for The book of investing wisdom : classic writings by great stock-pickers and legends of Wall Street
Title:
The book of investing wisdom : classic writings by great stock-pickers and legends of Wall Street
Author:
Krass, Peter.
Publication Information:
New York : Wiley, [1999]

©1999
Physical Description:
xiv, 498 pages : illustrations, music ; 24 cm
Language:
English
Added Author:
ISBN:
9780471294542
Format :
Book

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Summary

Summary

Charles H. Dow, Benjamin Graham, George Soros, Peter Lynch, WarrenBuffett, Mario Gabelli, and Donald Trump. You won't find a seminaror lecture anywhere that boasts a panel quite like this-a group ofthe great stock-pickers and market gurus, both past and present,brought together to instruct you on the art of investing. The Bookof Investing Wisdom offers you a unique insight into how theseprofessionals and many others achieved financial success throughintelligent investing-all from the comfort of your armchair. Neverbefore have the writings of such a large and diverse group ofbrilliant investors been collected between the covers of a singlebook.

The Book of Investing Wisdom is an anthology of 46 essays andspeeches from the most successful, well-known investors andfinanciers of our time. In their own words, these legends of WallStreet share their best investment ideas and advice. You'll hearfrom Bernard Baruch on stock market slumps, Peter Bernstein oninvesting for the long term, Joseph E. Granville on marketmovements, John Moody on investment vs. speculation, Otto Kahn onthe New York Stock Exchange and public opinion, William PeterHamilton on the Dow theory, and Leo Melamed on the art of futurestrading, to name just a few.

For easy reference, the 46 essays featured in The Book of InvestingWisdom are organized into eight categories, covering the nuts andbolts of analysis, investing attitude and philosophy, investingstrategies, market cycles, views from the inside, lessons fromnotorious characters, insights from the Great Crashes, and advicebeyond your average blue chip. Each essay is preceded by a briefintroduction that provides intriguing and insightful backgroundinformation about its author's life and career, and places theessay in historical perspective. Significant statements, inspiringthoughts, and even quirky bits of wisdom have been highlightedthroughout the book to call attention to each contributor's mostmemorable ideas.

Offering practical advice, strategic wisdom, and intriguinghistory, The Book of Investing Wisdom will inspire and motivateeveryone from the professional money manager to the do-it-yourselfinvestor to the business student.

PETER KRASS is a freelance writer and editor living in Connecticut.He contributes regularly to Investor's Business Daily. His otherbooks include The Book of Leadership Wisdom: Classic Writings byLegendary Business Leaders and The Book of Business Wisdom: ClassWritings by the Legends of Commerce and Industry, also availablefrom Wiley.


Author Notes

PETER KRASS is a freelance writer and editor living in Connecticut. He contributes regularly to Investor's Business Daily. His other books include The Book of Leadership Wisdom: Classic Writings by Legendary Business Leaders and The Book of Business Wisdom: Classic Writings by the Legends of Commerce and Industry, also available from Wiley.


Reviews 2

Library Journal Review

This collection of speeches and articles provides sound investment advice. The contributors, well-respected experts, include Peter Lynch, who suggests buying stocks in a field you know through personal experience; Mario Gabelli, who discusses how world economic growth expands opportunities for American investors; and Martin Zweig, who explains the merits of selling stocks short. The weakest feature of these tapes, which are well narrated by Richard Poe, is the lack of new information for experienced investors; the strongest point is that the opinions given are solid. Recommended for most public libraries. Mark Guyer, Stark Cty. Dist. Lib., Canton, OH (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.


Choice Review

This anthology contains 46 selections on investment wisdom from well-known investors and financiers such as Donald Trump, Charles Dow, John Moody, Sir John Templeton, Warren Buffett, John Bogle, George Soros, and Peter Lynch. Contributions are organized in eight areas of investing: 1) Nuts and Bolts of Analysis; 2) Attitude and Philosophy; 3) Strategy; 4) Market Cycles; 5) Views from the Inside; 6) Lessons from Notorious Characters; 7) Crash and Learn, and 8) Beyond Your Average Blue Chip. This collection presents insightful coverage of investing challenges going back 130 years. This time frame, combined with the topics covered, provides an excellent perspective on investing and the fickle nature of the market. Readers of this book will gain at a minimum an improved historical perspective and understanding of economic fluctuations. Each author is highlighted by a one-page historical sketch. This anthology is accessible to all readers. Even advanced, successful investors are likely to gain something from it. Adequate biographical references are given along with the index for quick reference to specific topics. Recommended for all readers interested in financial investments. Public, academic, and professional collections. E. C. Erickson; California State University, Stanislaus


Table of Contents

The Nuts and Bolts of Analysis
Track Record Is EverythingWarren E. Buffett
The People FactorPhilip Fisher
The Study of the Stock MarketHenry Clews
The Valuation of Listed StocksArnold Bernhard
The Dangers of Retrospective MyopiaPaul F. Miller, Jr.
Get Smart...and Make a FortuneJim Rogers
Stalking the TenbaggerPeter Lynch
Attitude and Philosophy
Can Ink Blots Tell You..Adam Smith
Do-It-Yourself InvestingEllen Douglas Williamson
Investment versus SpeculationJohn Moody
A Mandate for Fund ShareholdersJohn C. Bogle
Wall Street MillionairesB. C. Forbes
The Wall Street Dream MarketFred Schwed, Jr.
Strategy
Contrary Opinion in Stock Market TechniquesEdward C. Johnson, II
Is Investing for the Long Term Theory or Just Mumbo-Jumbo?Peter L. Bernstein
The Time-Tested Maxims of the Templeton TouchSir John Templeton
Grand Slam HittingMario Gabelli
Importance of Correct TimingGerald M. Loeb
When Speculation Becomes InvestmentPhilip Carret
Market Cycles
Booms and BustsCharles H. Dow
The Dow TheoryWilliam Peter Hamilton
Three Different Stock Market MovementsRoger W. Babson
Does a Stock Market Slump Mean a Business Slide-Off?Bernard M. Baruch
A Fundamental StrengthAbby Joseph Cohen
Market MovementsJoseph E. Granville
The Importance of Special KnowledgeArthur Crump
Elvis, Frankenstein and Andy WarholRobert R. Prechter
Views from The Inside
The Stock ExchangeW. W. Fowler
The Stock Exchange as a Stabilizing Factor in American BusinessEdward H. H. Simmons
The New York Stock Exchange and Public OpinionOtto Kahn
A Declaration of PolicyCharles E. Merrill and E. A. Pierce
Investing, Hedge-Fund StyleMicheal H. Steinhardt
The Last FrontierLaura Pedersen
Lessons from Notorious Characters
Daniel Drew on Wall StreetBouck White
In Defense of the Stock ExchangeRichard Whitney
Professions of a Short-TermerT. Boone Pickens, Jr.
Michael Milken, Meet Sewell AveryJames Grant
Crash and Learn
The Haunting Specter (1907)Frank A. Vanderlip
Vanished Billions (1929)Edwin Lefèvre
The Wall Street Investor (1962)J. Paul Getty
After Black Monday (1987)George Soros
Beyond Your Average Blue Chip
The Art of Futures TradingLeo Melamed
How to Win Big and Lose SmallStanley Kroll
The Art of HedgingBenjamin Graham
Selling Short-It's Not Un-AmericanMartin E. Zweig
Trump Cards: The Elements of the DealDonald J. Trump
Acknowledgments
Notes