Synopses & Reviews
Biotech, High Tech, Bubbles, and Busts. No two stock markets are ever the same. Getting ahead of the game demands something hard to find on Wall Street these days-a flexible long-term strategy good for all seasons. Start your search with this book. Capitalizing on the techniques of the shrewd money spinners it profiles will help you profit no matter which way the wind blows. Let the time-tested measures of seers like Benjamin Graham and T. Rowe Price, adapted to the world of the Internet, show you how to spot value at a discount-and profit from growth at its most rewarding.
Distilling long experience in covering Wall Street, Richard Phalon takes you to the heart of investing savvy. Episode by episode, he shows you how these canny money managers-often bouncing back from painful losses-worked out ways of buffeting the uncertainties of the marketplace. Each chapter teaches a trenchant lesson on what it takes to win on Wall Street.
This anecdotal narrative shows how Ben Graham developed his precept of "buying dollar bills for 50 cents" and handed it on to dozens of "super investor" prot?g?s, including Warren Buffett. Follow the evolution of growth investing from pioneer T. Rowe Price to Tom Bailey of Janus Capital Corp. The inside details will help you weigh the risks of GARP-Growth at a Reasonable Price-against the high potential gains of momentum investing. Looking to the rewards of venture capital? See how Gen. Georges Doriot raised investing in startups to a high art, and how a new breed of "Angel Investors" is profiting from those same principles. See, too, how the skill and determination of trailblazing women like Hetty Green and Muriel F. Siebert proved that men have no monopoly on what it takes to win on Wall Street.
Forbes Greatest Investing Stories focuses on the telltale signs-the sniff tests-that helped these gifted managers filter the real from the bogus. The book also counsels on how to protect yourself from the hazards of the game, including the kind of trick accounting that took investors to the cleaners in the ill-fated combination of Hospitality Franchise (HFS) and CUC International.
Bottom line, these great investing stories are a well-honed guide to the practicalities of dealing with the turbulent markets of the new century. Learn how to cut through the myths of Wall Street with the help of some of the investment world's most talented professionals.
Review
Going on the idea that experience is the best teacher, Phalon (a Forbes magazine contributing editor) has rounded up 10 mini-essays profiling the business ideals of some of Wall Street's most successful investors. Each chapter opens with a photo, along with a caption explaining the mogul's claim to fame. The author pays homage to eccentrics (like Hetty Green, a feared stock picker in the late 19th century) and simple geniuses (including George Doriot, whose formula "bet the jockey, not the horse" was his lasting contribution) alike, making this an interesting if not pragmatic guide to investing. (Publishers Weekly, September 10, 2001)
Synopsis
MEET THE MOST SUCCESSFUL INVESTORS IN HISTORY--AND PROFIT FROM THEIR STORIES
"A superb book on a subject of increasing consequence to rapidly growing numbers of Americans."-Steve Forbes, President, CEO, and Editor-in-Chief, Forbes
Take the advice of some of the most successful investors Wall Street has ever seen and you will gain a lifetime of priceless investment experience. From the "ten points" Benjamin Graham adhered to when picking value stocks to the simple formula of "bet the jockey, not the horse," created by Georges Doriot, each story carries a different lesson to becoming a better investor. Don't pass up this opportunity to enhance your investment performance and knowledge by acting on the successes (and avoiding the errors) of the legendary investment professionals covered in this book.
Synopsis
An exciting follow-up to the bestselling Forbes Greatest Business Stories of All Time
In the tradition of the bestselling Forbes(r) Greatest Business Stories of All Time, Forbes(r) Greatest Investing Stories focuses on profiles of fascinating people who have achieved success in a range of investing arenas. This volume chronicles old-time innovators like Benjamin Graham, the father of value investing; Hetty Green, the Street's first female stock picker; T. Rowe Price, founder of one of the largest mutual fund families; and Georges F. Doriot, the driving force behind the first publicly owned venture firm in the United States. Others featured include such modern-day legends as Tom Bailey, founder of Janus Funds; Marty Whitman, value investor supreme and manager of the Third Avenue Value Fund; and Muriel F. Siebert, the first woman admitted to the New York Stock Exchange. Packed with investing lessons, wisdom and even the story of the swindle of the century, Forbes(r) Greatest Investing Stories makes an engrossing read and a great gift for any investor or market mogul.
Richard Phalon (New York, NY) has been a contributing editor at Forbes since 1980. He covered personal finance, Wall Street, urban affairs, and politics at the New York Times for sixteen years before joining Forbes. He is the author of The Takeover Barons of Wall Street and Your Money: How to Make It Work Harder Than You Do.
About the Author
RICHARD PHALON has been a contributing editor at Forbes since 1980. He covered personal finance, Wall Street, urban affairs, and politics at the New York Times for sixteen years before joining Forbes. He is the author of The Takeover Barons of Wall Street and Your Money: How to Make It Work Harder Than You Do.
Table of Contents
Why Investors Should Know Their History by James W. Michaels.
Value Avatar: Benjamin Graham.
Value with a Difference: Marty Whitman.
Growth Avatar: T. Rowe Price.
Extending the Growth Culture: Tom Bailey.
Swindle of the Century: Anthony DeAngelis.
Investor Beware: A Cautionary Tale.
The Richest Woman in the World: Hetty Green.
Visit with a Billionairess: Muriel Siebert.
The Venture Capital's Capitalist: Georges Doriot.
A Venture of Angels: Paul Bandrowski.
A Note on Sources.
Acknowledgments.
Index.