Spier also reveals some of his own winning investment strategies, detailing deals that were winners but also what he learned from deals that went south. Along the way he learned some powerful lessons which include: why the right mentors and partners are critical to long term success on Wall Street why a topnotch education can sometimes get in the way of your success that real learning doesn't begin until you are on your own and how the best lessons from Warren Buffett have less to do with investing and more to do with being true to yourself. Spier determinedly set out to create a new career in his own way. Yet what Guy realized just in the nick of time was that the King really lived 1,500 miles away in Omaha, Nebraska. Spier's journey is similar to the thousands that flock to Wall Street every year with their shiny new diplomas, aiming to be King of Wall Street. Spier reveals his transformation from a Gordon Gekko wannabe, driven by greed, to a sophisticated investor who enjoys success without selling his soul to the highest bidder. In this fascinating inside story, Guy Spier details his career from Harvard MBA to hedge fund manager. What happens when a young Wall Street investment banker spends a small fortune to have lunch with Warren Buffett? He becomes a real value investor. Fortunately, Rule #1 takes readers step-by-step through a do-it-yourself process, equipping even the biggest investing-phobes with the tools they need to make quantum leaps toward financial security-regardless of where the market is headed. And most of all, beat the big investors at their own game by using the tools designed for them! As Phil demonstrates in these pages, giant mutual funds can’t help but regress to the mean-and as we’ve all learned in recent years, that mean could be very disappointing indeed.Think long term-but act short term to maximize your return.Chief among them, of course, is Rule #1: “Don’t lose money.” In this updated edition to the #1 national bestseller, you’ll learn more of Phil’s fresh, think-outside-the-box rules, including:
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In fact, he was living on a salary of $4,000 a year when some well-timed advice launched him down a highway of investing self-education that revealed what the true “rules” are and how to make them work in one’s favor. This one’s special!”-Jim Cramer, host of CNBC’s Mad Money “Great tools for anyone wanting to dabble in the stock market.”-USA Today Phil Town is a very wealthy man, but he wasn’t always.
Any investor who adopts the framework is bound to improve on results and soundly beat the markets and most professionals. Using a light, entertaining style, Pabrai lays out the Dhandho framework in an easy-to-use format. Readers will be introduced to important value investing concepts such as "Heads, I win! Tails, I don't lose that much!," "Few Bets, Big Bets, Infrequent Bets," Abhimanyu's dilemma, and a detailed treatise on using the Kelly Formula to invest in undervalued stocks. The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger. Written with the intelligent individual investor in mind, this comprehensive guide distills the Dhandho capital allocation framework of the business savvy Patels from India and presents how they can be applied successfully to the stock market. The Dhandho InvestorĪ comprehensive value investing framework for the individual investor In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. A comprehensive value investing framework for the individual investor In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing.
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