» » The Money Masters

The Money Masters ePub download

by John Train

  • Author: John Train
  • ISBN: 0887306381
  • ISBN13: 978-0887306389
  • ePub: 1692 kb | FB2: 1697 kb
  • Language: English
  • Category: Economics
  • Publisher: HarperBusiness (September 1, 1994)
  • Pages: 301
  • Rating: 4.1/5
  • Votes: 679
  • Format: azw lit doc mobi
The Money Masters ePub download

John Train founded Train, Smith Investment Counsel and is chairman of Montrose Advisors, both of New York. His bestselling books on investing include The Craft of Investing, The Money Masters, The New Money Masters, and The Midas Touch.

John Train founded Train, Smith Investment Counsel and is chairman of Montrose Advisors, both of New York. He has written several hundred columns for The Wall Street Journal, Forbes, The New York Times, Harvard Magazine, The Financial Times, and other publications. He is a part-time director of two independent government agencies reporting directly to Congress and of several emerging market mutual funds

John Train founded Train, Smith Investment Counsel and is chairman of Montrose Advisors, both of New York. He is a part-time director of two independent government agencies reporting directly to Congress and of several emerging market mutual funds

The Money Masters book.

The Money Masters book. This national bestseller is highly readable and valuable. Details (if other): Cancel. Thanks for telling us about the problem. This national bestseller is "highly readable and valuable. The best book in the investment field I've read in years.

- 6. T. Rowe Price: fertile fields for growth - 7. John Templeton: to everything there is a season - 8. Larry Tisch: the pragmatist - 9. Robert Wilson: pumping up the earth - 10. The masters compared - 11. Conclusion.

Published by Thriftbooks. com User, 21 years ago. The Money Masters by John Train describes the winning strategies of nine excellent investors.

This national bestseller is highly readable and valuable. Published by Thriftbooks. The investors described include:Warren Buffett, Paul Cabot, Philip Fisher, Benjamin Graham, Stanley Kroll, T. Rowe Price, John Templeton, Larry Tisch, and Robert Wilson. If you want to know how the experts do it, this is a great anthology to get you started. Listen to the best and forget the rest!

Here are insights into nine of the most successful investors of our time - Benjamin Graham, Warren Buffett, John Templeton, and Philip Fisher, among others. In these fascinating profiles John Train reveals the unique investment styles that have made each a master: the traits that distinguish them from the crowd and the techniques that create the single characteristic unifying them all - consisently profitable investments.

TITLE: The Money Masters. They must be in GBP Sterling and be made out to Goldstone Books. CONDITION: Very Good. The Money Masters by John Train (Paperback, 1994). Pre-owned: lowest price.

By (author) John Train. Close X. Learn about new offers and get more deals by joining our newsletter.

Here are insights into nine of the most successful investors of our time -- Benjamin Graham, Warren Buffett, John Templeton, and Philip Fisher, among others. In these fascinating profiles John Train reveals the unique investment styles that have made each a master: the traits that distinguish them from the crowd and the techniques that create the single characteristic unifying them all -- consisently profitable investments. Their methods, Train reveals, include those both the nonprofessional and the seasoned investor can apply for profit.
Snowseeker
Interesting read, building a picture of finance a little but mostly interesting for being informative on the economic history of the 70's and 80's and for the insight it offered into the lives and thoughts of a group men just before the 90's.

1. Jim Rogers - top down investor. Finds countries that have more potential than is generally believed. Short countries that everyone is bullish on. 1. improving. 2. better off than commonly accepted. 3. convertible currency. 4. liquidity. You have to be right as well as different. there has never been as rapid a depreciation/debasement in resevere currency as is happening. the trick to getting rich is correctly sizing up suply and demand. dont lose money. if you do not know the facts, dont play. ben graham - buy a stock when it simply cannot get cheaper. Jim - buy when things will get better.

2. Micheal Steinhardt - strategic trader. "You never make big money in the market without getting in the way of danger" When long - low multiple dull stocks, laggards with recovery potential. When short - best known companies, the arenas of speculative focus, short the whose who? there is so much debt in the world, it will be repudiated and turned equity.

3. Philip Caret - Money Mind. Wants low D/E. If current ratio is low avoids; better than 2-1 in current ratio. no term debt. nothing with a mkt cap below $50m. mgt must own stock. 1. never less than 10 stocks in 5 fields. 2. asess every 6 months. 3. 1/2 of funds in incomne producers. 4. yield is least important factor in analyzing stock. 5. take losses quickly, profits slowly. 6. only invest where u can get details. 7. avoid inside info. 8. get facts not advice. 9. no mechnical formulas. 10. when stocks are high get 50% intofixed deposits. 11. borrow sparingly. 12. keep some cash. mildy pessimistic letter from chairman is good.

4. George Soros - short term volatility is the greatest at turning points and diminishes as a trend becomes established. by the time all the players have adjusted to a set of rules, the rules will have changed again. the essence to understanding markets is actuall an understanding of how the rules are evolving. a bull market survives and rises aboove a number of tests until it appears invulnerable, theit is ripe for a bust. when a stock reflects two pressures, one favourable and one unfavouable, one or the other pressure will prevail in its valuation as the market does assume a neat middle ground, but rather discounts one or the other alternative; so you have to keep both in mind and be prepared for both. the consumer is the last strong component of the economy. fundamental valuation holds that price reflects assets and underlying value, but it too can affect value in a virtuous cycle. reflexivity - perceptions change events which then change perceptions. particpants have an imperfect understanding - fog of war. reflexivity operates best between lender and collateral (the act of lending increases the value of the collateral the loan is based on - this cycle is thrown into reverse in the bust) and regulator and economy (the least regulation is apparent during credit expansions - this is followed by excess regualtion after the bust). classic eoconomic theory does not hold in markets in which there is wide public participation which ebb and flow with group passion. the concept of equilibrium in classical eocnomics is a myth - buying and selling is based on expectations.

boom and busts follow a cycle
1. unrecognised trend
2. self reinforncing reflexive process kicks in
3. a TEST passed
4. growing conviction
5. divergence between reality and perception
6. climax
7. mirror image self reinforcing cycle in opposite direction.

trend is your friend but contrariness is sig of investor. u know you are getting a bargain if there are no other buyers.

5. Old Money - new money that has learned to survive.

6. George Michaelis - apostle of ROE. markets play the meeting of emotion and intelligence. if you have a weak serve there is no point in coming in to the net behind it - low risk tolerance. buy earning power at a discount. high roe and roa - analyze where does it come from? wana feel for a stock? own it.

7. John Neff - discipline patience and income. bird in hand is the dividend. more certain. a good manager sells more quickly when things are going wrong - even though it is hard to admit that you were wrong. hunt a bargain. low d/e, good cashflow, above avg roe, good mgt, good outlook, god product/service, strong market. leave some on the table.

8. ralph wanger - A. look for good small companies in growth sectors. B. look for trend leaders that will benefit most from trend.

9. peter lynch - has in portfolio - growth, underpriced assets, special situations and depressed cyclicals, defensives in downward market.

growth or value? growth captures a premium in slow times, value captures a discount in growing times.
Jeyn
A very good book that caters to those who want to have basic knowledge about investing legends such as Warren Buffett, Benjamin Graham, Phil Fisher, John Templeton etc. In addition to reading this compendium,I would recommend reading books by the masters themselves: "The Intelligent Investor" by Benjamin Graham,"Common Stocks and Uncommon Profits" by Phil Fisher and " The Essays of Warren Buffett: Lessons for Corporate America" by Lawrence Cunningham( Buffett hasn't authored a book yet)
Whitegrove
Good "timeless" information
Phain
Perhaps the best place to start learning about investing. Read the conclusions first, then read the book, then re-read the conclusions. Peter Lynch said he read this book 3 times. I have read it probably 5 times over the years (Lynch may have caught up by now). I would give this more than 5 stars if I could. After reading the Money Masters, then you may be ready for The Intelligent Investor (Graham), A Random Walk down Wall St (Malkiel), & Where are the Customers Yachts (Schwed). then start investing for real. VERY readable, VERY enjoyable, BEST insights.
Zan
Every investor must read.
MARK BEN FORD
very satisfied
Kiaile
Great book!
Item was received on time and was as described. I had no problems in the purchase or in receiving this product.
E-Books Related to The Money Masters: