Synopses & Reviews
Now, more than ever, the business of investing can be a daunting task. Communications technology has advanced at a dizzying pace, and streams of data have swelled to torrents. How can investors isolate the essentials without being swamped by a glut of information?
Having successfully navigated the treacherous financial waters of investing for over twenty years, renowned financial expert John Mauldin knows the value of an experienced guide. In what is sure to become an immediate classic, his newest book is a priceless anthology of investment advicenuggets of practical wisdom offered by a stellar assembly of market masters. And, in a master stroke of his own, Mauldin has hit upon a perfect remedy for information overload, asking each contributor to share the single most useful insight gleaned from long years of experience: just one thing.
In Just One Thing, you will not be overwhelmed by unwieldy formulae and tedious data. Mauldin's esteemed colleagueswith refreshing and liberating clarityget right to the heart of the matter, offering time-tested trading methods that can be put to immediate and profitable use. Conversational rather than technical in tone, each contributor's personal principle for success is illustrated with entertaining and illuminating real-life stories. These are not mere theorists, but practitionersmen who have enjoyed extraordinary success in the market; professional investors who can tell you what works, because it's worked for them.
In Just One Thing you will learn:
- How to boost returns with "the 2% alpha solution"
- The risk-return fallacy
- Why you should use "volatility throttling" when assembling your portfolio
- The secret of "investing in the fog"
- Why "the winner's rule" really works
- Why the best-performing funds have the highest percentage of realized losses
- How psychology often trumps economics
- The strength of a nonconsensus investment theme
Rich with sage advice, refined in the crucible of the market, this collection represents both an uncommon trove of wisdom and an unparalleled investment tool. Applying any one of these financial principles can increase the value of your portfolioimagine what they can do for your personal wealth when collectively applied!
Review
“…a well-researched work…goes against the grain…” (
Gulf Business, January 2006)
[Author interview in Offshore Engineer] “…few books have caused as much consternation…”
Synopsis
Today s best investment minds offer their proven investment advice
In Just One Thing, John Mauldin asked some of the best minds in the investment business to write about the " one thing" they had learned over their many years that they would want their kids to know about investing and making money. The result is a fount of individual financial wisdom that collectively makes up one of the most powerful compilations published in many years. Rather than being simply research-oriented and technical in nature, the " one thing" discussed by each seasoned investment professional is based on the knowledge he or she has accumulated over the years. Each expert s experiences and advice has been carefully distilled into separate, easy-to-grasp, brilliantly written essays so that investors of all levels can understand and implement the strategies revealed. Besides discussing a single investment principle, each contributor also shares their experiences in the markets, so that readers can learn how to take advantage of profitable opportunities and avoid costly pitfalls.
John Mauldin (Arlington, TX), President of Millennium Wave Investments, is primarily involved in private money management, financial services, and investments. He is also the author of the Wiley bestseller, Bull s Eye Investing (0-471-65543-0).
Synopsis
Mastery made easy!
In traveling the shifting terrain of the financial world, one is often met with confusing and even contradictory directions. In the search for a reliable path, there's nothing like a personal guideone who can show you the most direct route to your goal. In Just One Thing, author John Mauldin offers an incomparable shortcut to prosperity: the personal guidance of an outstanding group of recognized financial experts, each offering the single most useful piece of advice garnered from years of investing.
Never before has such an esteemed assembly of financial gurus offered their most valued insights in such a succinct mannerand in a single volume. In marvelously readable essays of uncommon clarity, each contributor presents the most precious kernel of advicejust one thingthat he would pass on to his own children and his children's children. And now these gems of investment wisdom can be yours.
What is the most important piece of investment advice you can find? Let these twelve investment gurus share with you the "Just One Thing" each of them has learned:
- Rob Arnott
- Bill Bonner
- Ed Easterling
- Mark Finn
- Dennis Gartman
- George Gilder
- Andy Kessler
- Michael Masterson
- John Mauldin
- James Montier
- Richard Russell
- A. Gary Shilling
Synopsis
In Just One Thing, author John Mauldin offers an incomparable shortcut to prosperity: the personal guidance of an outstanding group of recognized financial experts, each offering the single most useful piece of advice garnered from years of investing. Conversational rather than technical in tone, each contributor’s personal principle for success is illustrated with entertaining and illuminating real-life stories.
About the Author
John Mauldin is widely recognized as a leading expert on investment issues. As President of Millennium Wave Investments, he is primarily involved in private money management, financial services, and investments. A prolific author, his books include the Wiley bestseller, Bull's Eye Investing. His financial e-letter, Thoughts from the Frontline, goes to over 1,500,000 readers weekly. He is also a frequent contributor to other financial publications, including the Financial Times and the Daily Reckoning. In addition, he is the author of a free letter on hedge funds and private offerings for accredited investors. A sought-after speaker on financial matters, Mauldin addresses numerous investment conferences and seminars throughout the year.
Table of Contents
Introduction.1. Signposts in the Fog (Andy Kessler).
2. The “Not-So-Simple” (But Really Utterly So) Rules of Trading (Dennis Gartman).
3. The Triumph of Hope over Long-Run Experience: Using Past Returns to Predict Future Performance of a Money Manager (Mark T. Finn and Jonathan Finn, CFA).
4. The Long Bond (A. Gary Shilling, Ph.D.).
5. Risk Is Not a Knob (Ed Easterling).
6. Psychology Matters: An Investors’ Guide to Thinking about Thinking (James Montier).
7. The Means Are the Ends (Bill Bonner).
8. The 2 Percent Solution (Rob Arnott).
9. The Outsider Trading Scandal (George Gilder).
10. The Winner’s Rule (Michael Masterson).
11. Rich Man, Poor Man (Richard Russell).
12. The Millennium Wave (John Mauldin).
Notes.
Index.