Just One Thing

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. 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.

“…a well-researched work…goes against the grain…” (Gulf Business, January 2006)

[Author interview in Offshore Engineer] “…few books have caused as much consternation…”

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 authors 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. 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 advice—nuggets 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 colleagues—with refreshing and liberating clarity—get 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 practitioners—men 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 portfolio—imagine what they can do for your personal wealth when collectively applied!

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 guide—one 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 manner—and in a single volume. In marvelously readable essays of uncommon clarity, each contributor presents the most precious kernel of advice—just one thing—that 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