Synopses & Reviews
Todays outstanding mutual fund managersalso known as portfolio managersmake investing look easy. But dont be fooled, this type of investing is anything but easy. So, how do the best mutual fund managers in the business consistently beat both their benchmark indexes and competing funds in their categories? What sets them apart from the vast majority of mutual fund managers in the industry? Most importantly, what lessons can you learn from these exceptional individuals?
In The Winners Circle: Wall Streets Best Mutual Fund Managers, R.J. Shook helps answer these and many other relevant questions, through in-depth interviews with todays most successful mutual fund managers. Candid profiles detail the backgrounds of these extraordinary portfolio managers, and reveal how they developed their investing strategies, disciplines, and philosophies. Youll even discover the mistakes and missteps these champions have made along the wayand how they learned from each experience. Through real-world stories and amusing anecdotes shared by these financial professionals, youll learn as much about their character, values, and principles as you will about how they defined their niche, and how they rose above other pros in the investing world.
Youll hear from numerous mutual fund experts who are leaders in their respective categories, including:
- Large-Cap Mutual Fund Managers
~ Bill Miller of Legg Mason
~ Christopher C. Davis of Davis Advisors
- Mid-Cap Mutual Fund Managers
~ John Calamos of Calamos Funds
~ Rick Aster of Meridian Funds
- Small-Cap Mutual Fund Managers
~ Joel C. Tillinghast of Fidelity Investments
~ Bill Ricks of AXA Rosenberg
- International and Foreign Mutual Fund Managers
~ Bill Wilby of OppenheimerFunds
~ Jeff Everett of Franklin Templeton
Unlike most portfolio managers, The Winners Circle mutual fund managers stick to their disciplines and never stray. Their techniques may differ, but their resultsproviding large returns for their shareholdersare outstanding. With this book as your guide, youll pick up many investing strategies and learn how opportunities are discovered. In the end, youll become familiar with the most successful mutual fund managers in the world and receive an executive education in money management secrets typically reserved for the elite investor.
Synopsis
Uncover and invest in the best funds for today and tomorrow
The number of mutual funds investors must choose from is now greater than the number of stocks listed on the NYSE. Selecting the right fund-and, just as important, the best manager-in a turbulent investment arena is more difficult than ever before. Revealing money-management secrets typically reserved for elite investors, top fund managers share their investment approaches, and provide in-depth explanations of their philosophies, disciplines, and backgrounds that can be applied by both individual and professional investors.
R. J. Shook (Boca Raton, FL) is the popular and influential author of the Winner's Circle book series. He has authored six Wall Street-related titles, and writes a monthly column as well as a popular annual cover story-"The Winner's Circle Top Advisors"-for Research Magazine.
Synopsis
Praise for THE WINNERS CIRCLE
"As investors increasingly demand open architecture in their choice of mutual funds, this book helps illuminate those unique combinations of skill and discipline that go into being a successful fund manager."
James P. Gorman
President, Global Private Client, Merrill Lynch & Co., Inc.
"If you want to know how the experts consistently beat the market over the long term, then this book is for you. Whether youre a professional or just beginning, this book is revealing and intriguing."
James W. Brinkley
Chairman, Legg Mason Wood Walker, Inc.
"This book sheds light on the methods and secrets behind some of Wall Streets best portfolio managers."
Peter D. Jones
President, Franklin Templeton Distributors, Inc.
"The fund managers profiled in The Winners Circle are a true representation of investment excellence."
John V. Murphy
Chairman, President and CEO, OppenheimerFunds, Inc.
About the Author
R.J. SHOOK is the popular and influential author of the Winners Circle book series, which profiles top Wall Street financial advisors. He spent over a decade on Wall Street, mostly as a financial advisor and a vice president in the research department for Prudential Securities. In 1999, Shook began writing books full-time and has authored six Wall Streetrelated books, including the Winners Circle series. He is a regular contributor to financial publications, writing a cover story for Barrons magazine, and a monthly column and annual September and April "Winners Circle" cover stories for Research Magazine. R.J. lives in Boca Raton, Florida, and can be reached through his Web site at www.shookbook.com or
[email protected].
Table of Contents
Acknowledgments.
Foreword.
Introduction.
PART I: Large-Cap Mutual Fund Managers.
CHAPTER ONE—GROWTH WINNER
Richie Freeman, Smith Barney Aggressive Growth Fund.
CHAPTER TWO—VALUE WINNER
David Dreman, Scudder-Dreman High Return Equity Fund.
CHAPTER THREE—CORE WINNER
William H. Miller III, Legg Mason Value Trust 41
CHAPTER FOUR—RELATIVE-VALUE WINNER
Christopher C. Davis, Davis New York Venture Fund.
PART II: Mid-Cap Mutual Fund Managers.
CHAPTER FIVE—GROWTH WINNER
John Calamos, Calamos Growth Fund.
CHAPTER SIX—VALUE WINNER
Wallace R. Weitz,Weitz Partners Value Fund.
CHAPTER SEVEN—CORE WINNER
Richard F.Aster, Jr., Meridian Value Fund.
PART III: Small-Cap Mutual Fund Managers.
CHAPTER EIGHT: Jeff Cardon, Wasatch Small Cap Growth Fund.
CHAPTER NINE: Joel C. Tillinghast, Fidelity Low-Priced Stock Fund.
CHAPTER TEN: Bill Ricks and Team, AXA Rosenberg U.S. Small Cap.
PART IV: Global and Foreign Mutual Fund Managers.
CHAPTER ELEVEN: Bill Wilby, Oppenheimer Global Fund.
CHAPTER TWELVE: Jeff Everett, Templeton Foreign Fund.
PART V: Sector and Bond Mutual Fund Managers.
CHAPTER THIRTEEN: Sam Isaly, Eaton Vance Worldwide Health Sciences Fund.
CHAPTER FOURTEEN: Bob Rodriguez, FPA New Income, Inc.
Index.