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Buying at the Point of Maximum Pessimism

Author : Scott Phillips

Publisher : FT PUBLISHING INTERNATIONAL

Page : 0 pages

File Size : 37,96 MB

Release : 2010-05-05

Category : Investments

ISBN : 9780133517897

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Book Description

The world's savviest investors are those who can recognize when the herd is running headlong in the wrong direction and can take advantage of their fear and confusion. That's never been truer than it is right now. Now, there's a book that will show you how to earn the same outside returns these savvy value investors do. Buying at the Point of Maximum Pessimism will help you uncover enormous value opportunities that keep on emerging even as the economic crisis keeps spreading. Lauren Templeton Capital Management principal D. Scott Phillips, Jr., co-author of the best-seller Investing the Templeton Way, has systematically updated the proven techniques of value investing for today's radically new markets. Phillips carefully identifies crucial changes underway in the financial system and investing landscape, and offers investing solutions that respond to today's crucial new risks. You'll learn how to invest in markets facing an increased government role and lower access to capital; manage growing risk of inflation spikes; scavenge for profits in distressed sectors; find winning opportunities overseas; and much more. Every market offers opportunity to those who can find value where others aren't looking. Today, there's no more important investing skill and Buying at the Point of Maximum Pessimism is the one book that will teach it to you.



Buying at the Point of Maximum Pessimism

Author : Scott Phillips

Publisher : FT Press

Page : 375 pages

File Size : 30,72 MB

Release : 2010-05-05

Category : Business & Economics

ISBN : 0137084072

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Book Description

“Sir John’s ability to comprehend complex concepts and distill these into money-making ideas for his investors was legendary. With this book, Scott Phillips extends Sir John Templeton’s crystal clear vision to some of tomorrow’s most interesting and powerful money-making opportunities. All readers should be prepared to learn–and profit!” –Jeffrey Everett, Founding Partner, Everkey Global Partners “The brilliant global investing strategy of Sir John Templeton finds new life in Scott Phillips’ Buying at the Point of Maximum Pessimism. With the U.S. in trouble, savvy international investing is a must, and this book shows you the best places to put your money for serious profits ahead.” –Christopher Ruddy, CEO, Newsmax Media, Inc. “In Buying at the Point of Maximum Pessimism, Scott Phillips delivers a road map to investment success traveled by the very few but guaranteed to lead you to enormous profits. The book offers a delightful, common sense approach to investing that unfortunately is not so common.” –Robert P. Miles, author, The Warren Buffett CEO "If you want to mitigate your risks while leveraging your long-term sources for growth, read every page of this book and invest accordingly. In ten or twenty years you will look back and be thankful you did.” –Theodore Roosevelt Malloch, Ph.D., Research Professor, Yale University and CEO, The Roosevelt Group Value Investing for the 2010s! Earn Consistent Long-Term Profits in a Radically New Market Environment Legendary value investor Sir John Templeton knew the secret of earning consistent profits: In times of maximum pessimism, recognize what your long-term opportunities are–and be ready to pounce. This book shows you where today’s long-term opportunities are, so you can earn outsized profits when the “herd” is running away in terror. Lauren Templeton Capital Management’s Scott Phillips identifies six powerful value investing themes for the 2010s: areas of long-term growth that become even more compelling in volatile or bear markets. This is value investing for the 2010s: a set of emerging opportunities you can profit from, while other investors are selling in fear!



Templeton Way (PB)

Author : Lauren C. Templeton

Publisher : McGraw Hill Professional

Page : 297 pages

File Size : 49,18 MB

Release : 2008-02-20

Category : Business & Economics

ISBN : 0071631607

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Book Description

“To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude and pays the greatest ultimate rewards.”-Sir John Templeton Called the “greatest stock picker of the century” by Money magazine, legendary fund manager Sir John Templeton is revered as one of the world's premiere value investors, widely known for pioneering global investing and out-performing the stock market over a five-decade span. Investing the Templeton Way provides a never-before-seen glimpse into Sir John's timeless principles and methods. Beginning with a review of the methods behind Sir John's proven investment selection process, Investing the Templeton Way provides historical examples of his most successful trades and explains how today's investors can apply Sir John's winning approaches to their own portfolios. Detailing his most well-known principle investing at the point of maximum pessimism- this book outlines the techniques Sir John has used throughout his career to identify such points and capitalize on them. Among the lessons to be learned: Discover how to keep a cool head when other investors overreact to bad news Become a bargain stock hunter like Sir John-buy the stocks emotional sellers wish to unload and sell them what they are desperate to buy Search worldwide to expand your bargain inventory Protect your portfolio from yourself through diversification Rely on quantitative versus qualitative reasoning when it comes to selecting stocks Adopt a virtuous investment strategy that will endure in all market conditions



The Zurich Axioms

Author : Max Gunther

Publisher : Harriman House Limited

Page : 193 pages

File Size : 31,15 MB

Release : 2010-08-27

Category : Self-Help

ISBN : 190665994X

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Book Description

Offers advice on investment strategy and risk management, clears up common misconceptions about the stock market, and discusses economic forecasts and long-range planning.



Templeton's Way with Money

Author : Alasdair Nairn

Publisher : John Wiley & Sons

Page : 272 pages

File Size : 43,58 MB

Release : 2012-03-06

Category : Business & Economics

ISBN : 1118149610

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Book Description

The enduring legacy of a legendary investor Called the "greatest stock picker of the century" by Money magazine, legendary fund manager Sir John Templeton is remembered as one of the world's foremost investors, known for his pioneering insights and phenomenal investment performance over a professional career which spanned more than half a century. Templeton’s Way with Money provides a unique, professional 21st century appraisal of what made this formidable investor the success he was—and why his methods remain as valid today as they were during his long and successful lifetime. Written by two investment experts, one of whom worked closely with Sir John for ten years, and drawing on previously unpublished documents, the book explains in detail how John Templeton's simple but effective investment philosophy of riding out the ups and downs of the market cycle continues to be as relevant as ever for professional and private investors alike. Key features include: A fresh and detailed reappraisal, drawing on a number of previously unpublished documents, of the philosophy which Templeton applied to the two phase of his investment career—first as an investment counsel, and latterly as the most successful global fund manager of his generation A detailed and original study of the performance of the Templeton Growth Fund, demonstrating in detail how Templeton achieved the Holy Grail of investment—above average returns with below average risk First hand accounts from former colleagues of their experience in working with Templeton—including those of author Alasdair Nairn's ten-year career working with and for the investment management organization that was Templeton's life work Proprietary and original research which explains why Templeton's seemingly simple investment philosophy is sure to produce exceptional returns if implemented effectively Current market conditions make Templeton's contrarian investment method of profiting from pessimism particularly relevant today, and this book a must-read for anyone working with investments.



How to Make Money in Stocks

Author : Sir John Templeton

Publisher :

Page : 54 pages

File Size : 32,1 MB

Release : 2014-11-11

Category : Business & Economics

ISBN : 9781607967828

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Book Description

I am writing as a professional investor, one who has enjoyed a certain degree of success as an investment counselor over the past half-century and who wishes to share with others the lessons learned during this time. Sir John Templeton



The Templeton Touch

Author : William Proctor

Publisher : Templeton Foundation Press

Page : 451 pages

File Size : 45,18 MB

Release : 2013-01-15

Category : Business & Economics

ISBN : 1599474212

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Book Description

Although John Templeton (1912–2008) simply considered himself a bargain hunter, those in the know on Wall Street considered him one of the greatest stock pickers of the twentieth century. Anyone prudent enough to have invested $10,000 in his Templeton Growth Fund when it was first established in 1954 would today have over $7 million to their name if they left those funds alone. Few mutual funds can match that kind of spectacular and consistent performance. How did he do it? What kind of principles guided his decisions through bull and bear markets? What was the secret to his success? Fortunately, generosity was one of Templeton’s defining characteristics, and he freely shared his investing wisdom with the world in The Templeton Touch. This edition, which has been greatly expanded and revised from the original 1983 publication, gives the reader an inside look at the mindset that made Templeton a Wall Street legend. His global focus, his relentless curiosity, his future-mindedness, his personal touch with clients, his willingness to take reasonable risks, his reliance on deep research and fundamental analysis— everything that set him apart from the crowd is covered here in great detail by authorized biographer William Proctor. This updated edition also contains a new section comprised of twenty-two interviews with those who knew and worked with Templeton, conducted by Scott Phillips. Among those interviewed are business luminaries like Jim Rogers, Julian Robertson, Steve Forbes, Prem Watsa, Mason Hawkins, and Michael Price. The Templeton Touch should be required reading for any investor, from the absolute novice to the most experienced. Not only could Templeton’s practical advice help guide investors through tricky market conditions, but the many insights into his character and his philosophies could help anyone live a more successful life.



We Are Doomed

Author : John Derbyshire

Publisher : Forum Books

Page : 274 pages

File Size : 42,47 MB

Release : 2009-09-29

Category : Political Science

ISBN : 030746248X

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Book Description

To his fellow conservatives, John Derbyshire makes a plea: Don't be seduced by this nonsense about "the politics of hope." Skepticism, pessimism, and suspicion of happy talk are the true characteristics of an authentically conservative temperament. And from Hobbes and Burke through Lord Salisbury and Calvin Coolidge, up to Pat Buchanan and Mark Steyn in our own time, these beliefs have kept the human race from blindly chasing its utopian dreams right off a cliff. Recently, though, various comforting yet fundamentally idiotic notions of political correctness and wishful thinking have taken root beyond the "Kumbaya"-singing, we're-all-one crowd. These ideas have now infected conservatives, the very people who really should know better. The Republican Party has been derailed by legions of fools and poseurs wearing smiley-face masks. Think rescuing the economy by condemning our descendents to lives of spirit-crushing debt. Think nation-building abroad while we slowly disintegrate at home. Think education and No Child Left Behind. . . . But don't think about it too much, because if you do, you'll quickly come to the logical conclusion: We are doomed. Need more convincing? Dwell on the cheerful promises of the diversity cult and the undeniable reality of the oncoming demographic disaster. Contemplate the feminization of everything, or take a good look at what passes for art these days. Witness the rise of culturism and the death of religion. Bow down before your new master, the federal apparatchik. Finally, ask yourself: How certain am I that the United States of America will survive, in any recognizable form, until, say, 2022? A scathing, mordantly funny romp through today's dismal and dismaler political and cultural scene, We Are Doomed provides a long-overdue dose of reality, revealing just how the GOP has been led astray in recent years–and showing that had conservatives held on to their fittingly pessimistic outlook, America's future would be far brighter. Ladies and gentlemen, it's time to embrace the Audacity of Hopelessness.



The Most Important Thing

Author : Howard Marks

Publisher : Columbia University Press

Page : 196 pages

File Size : 33,21 MB

Release : 2011-05-01

Category : Business & Economics

ISBN : 0231527098

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Book Description

"This is that rarity, a useful book."--Warren Buffett Howard Marks, the chairman and cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four decades spent ascending to the top of the investment management profession, he is today sought out by the world's leading value investors, and his client memos brim with insightful commentary and a time-tested, fundamental philosophy. Now for the first time, all readers can benefit from Marks's wisdom, concentrated into a single volume that speaks to both the amateur and seasoned investor. Informed by a lifetime of experience and study, The Most Important Thing explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career. Utilizing passages from his memos to illustrate his ideas, Marks teaches by example, detailing the development of an investment philosophy that fully acknowledges the complexities of investing and the perils of the financial world. Brilliantly applying insight to today's volatile markets, Marks offers a volume that is part memoir, part creed, with a number of broad takeaways. Marks expounds on such concepts as "second-level thinking," the price/value relationship, patient opportunism, and defensive investing. Frankly and honestly assessing his own decisions--and occasional missteps--he provides valuable lessons for critical thinking, risk assessment, and investment strategy. Encouraging investors to be "contrarian," Marks wisely judges market cycles and achieves returns through aggressive yet measured action. Which element is the most essential? Successful investing requires thoughtful attention to many separate aspects, and each of Marks's subjects proves to be the most important thing.