{"product_id":"the-warren-buffetts-next-door-isbn-9780470573785","title":"The Warren Buffetts Next Door","description":"\u003cb\u003eA practical guide for investors who are ready to take financial matters into their own hands\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eThe Warren Buffetts Next Door\u003c\/i\u003e profiles previously unknown investors, with legendary performance records, who are proving every day that you don't need to work for a hedge fund or have an Ivy League diploma to consistently beat the best performing Wall Street professionals.\u003c\/p\u003e \u003cp\u003eThese amazing individuals come from all walks of life, from a globe drifting college dropout and a retired disc jockey to a computer room geek and a truck driver. Their methods vary from technical trading and global macro-economic analysis to deep value investing. The glue that holds them together is their passion for investing and their ability to efficiently harness the Internet for critical investment ideas, research, and trading skills.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eThe author digs deep to find the best of the best, even finding those who are making money during these turbulent times\u003c\/li\u003e \u003cli\u003eContains case studies that will explain to you how these great individual investors find and profit from stocks and options.\u003c\/li\u003e \u003cli\u003eShows you how to rely on your own instincts and knowledge when making important investment decisions\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIn an era when the best professional advice has cracked many investor nest eggs and Madoff-style frauds have shattered investor trusts, the self-empowered investors found in \u003ci\u003eThe Warren Buffetts Next Door\u003c\/i\u003e offer an inspiring and educational tale.\u003c\/p\u003e \u003cp\u003eForeword xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003eIntroduction: Thou Shalt Covet Thy Neighbor’s Portfolio xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Vagabond Value 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTangible Tactics 3\u003c\/p\u003e \u003cp\u003eWho Is Chris Rees? 6\u003c\/p\u003e \u003cp\u003eRees’s Rules of Investing 10\u003c\/p\u003e \u003cp\u003eCase Study: Abatix Corp (OTC: ABIX) 11\u003c\/p\u003e \u003cp\u003eRees: In His Own Words 12\u003c\/p\u003e \u003cp\u003eReflecting on the Financial Meltdown of 2008 12\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Options Apostle 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSell Options, Have Fun, and Make Money 18\u003c\/p\u003e \u003cp\u003eWho Is Bob Krebs? 20\u003c\/p\u003e \u003cp\u003eKrebs’s Rules of Investing 24\u003c\/p\u003e \u003cp\u003eCase Study: Annaly Mortgage (NYSE: NLY) 29\u003c\/p\u003e \u003cp\u003eKrebs: In His Own Words 32\u003c\/p\u003e \u003cp\u003eOn Avoiding the Big Loss 32\u003c\/p\u003e \u003cp\u003eA Silver Lining to the Crash of 2008 33\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Lady’s Man 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKnife Catching 37\u003c\/p\u003e \u003cp\u003eWho Is Mike Koza? 42\u003c\/p\u003e \u003cp\u003eKoza’s Rules of Investing 46\u003c\/p\u003e \u003cp\u003eCase Study: Radian Group (NYSE: RDN) 48\u003c\/p\u003e \u003cp\u003eKoza: In His Own Words 50\u003c\/p\u003e \u003cp\u003eOn Comparing the Market to Whitewater Rafting 50\u003c\/p\u003e \u003cp\u003eOn Professional Money Management 51\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The Sorcerer’s Apprentice 53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMagpie Investing 56\u003c\/p\u003e \u003cp\u003eWho Is Kai Petainen? 60\u003c\/p\u003e \u003cp\u003ePetainen’s Rules of Investing 63\u003c\/p\u003e \u003cp\u003eCase Study: Ternium, S.A. (NYSE:TX) 65\u003c\/p\u003e \u003cp\u003ePetainen: In His Own Words 67\u003c\/p\u003e \u003cp\u003eOn Jim Cramer, John Stewart, Stock Analysts, and “Sisu” 67\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Network Miner 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePeer-to-Peer Profi ts 71\u003c\/p\u003e \u003cp\u003eWho Is Alan Hill? 77\u003c\/p\u003e \u003cp\u003eHill’s Rules of Investing 79\u003c\/p\u003e \u003cp\u003eCase Study: China Energy Corp. (OTCBB: CHGY) 80\u003c\/p\u003e \u003cp\u003eHill: In His Own Words 83\u003c\/p\u003e \u003cp\u003eOn China’s Emergence 83\u003c\/p\u003e \u003cp\u003eOn Change 83\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Ramblin’ Jack 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBuying Hiccups 87\u003c\/p\u003e \u003cp\u003eWho Is Jack Weyland? 93\u003c\/p\u003e \u003cp\u003eWeyland’s Rules of Investing 96\u003c\/p\u003e \u003cp\u003eCase Study: Iomai 98\u003c\/p\u003e \u003cp\u003eWeyland: In His Own Words 100\u003c\/p\u003e \u003cp\u003eOn Health Care versus Other Sectors 100\u003c\/p\u003e \u003cp\u003eOn His Approach to Investing 100\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 The Oracle of Manitoba 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWarren Buffett Meets Sir John Templeton 102\u003c\/p\u003e \u003cp\u003eWho Is Randy McDuff? 104\u003c\/p\u003e \u003cp\u003eMcDuff’s Rules of Investing 107\u003c\/p\u003e \u003cp\u003eCase Study: Companhia Brasileira de Distribuicao (NYSE: CBD) 111\u003c\/p\u003e \u003cp\u003eMcDuff: In His Own Words 114\u003c\/p\u003e \u003cp\u003eOn Utilities and Recession-Resistant Stocks 114\u003c\/p\u003e \u003cp\u003ePost–2008 Crash Investing 114\u003c\/p\u003e \u003cp\u003eOn Retirement Investing 115\u003c\/p\u003e \u003cp\u003eOn New Money versus Old Money 115\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Mexican Gold 117\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFrom Detective to Deal Maker 120\u003c\/p\u003e \u003cp\u003eWho Is Andrew Swann? 124\u003c\/p\u003e \u003cp\u003eSwann’s Rules of Investing 129\u003c\/p\u003e \u003cp\u003eCase Study: OceanaGold (TSE: OGC.CA) 131\u003c\/p\u003e \u003cp\u003eSwann: In His Own Words 133\u003c\/p\u003e \u003cp\u003eOn Owning Physical Gold 133\u003c\/p\u003e \u003cp\u003eOn Whether He Is a Speculator or Investor 133\u003c\/p\u003e \u003cp\u003eOn Living in Mexico 133\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Stock Angler 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDo as I Do, Not as I Say 138\u003c\/p\u003e \u003cp\u003eWho Is Justin Uyehara? 142\u003c\/p\u003e \u003cp\u003eUyehara’s Rules of Investing 143\u003c\/p\u003e \u003cp\u003eCase Study: Medivation (NASDAQ: MDVN) 145\u003c\/p\u003e \u003cp\u003eUyehara: In His Own Words 147\u003c\/p\u003e \u003cp\u003eOn His Goal of Becoming a Money Manager 147\u003c\/p\u003e \u003cp\u003eOn Price-Earnings Multiples 147\u003c\/p\u003e \u003cp\u003eOn the Market’s Strong Rebound from 2008 147\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Bear Market Hero 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBear Tracking 151\u003c\/p\u003e \u003cp\u003eWho Is John Navin? 157\u003c\/p\u003e \u003cp\u003eNavin’s Rules of Investing 160\u003c\/p\u003e \u003cp\u003eCase Study: PowerShares DB U.S. Dollar Index Bullish (NYSE: UUP) 162\u003c\/p\u003e \u003cp\u003eNavin: In His Own Words 163\u003c\/p\u003e \u003cp\u003eOn Playing Blackjack and Investing 163\u003c\/p\u003e \u003cp\u003eOn Technical Analysis versus Fundamental Analysis 164\u003c\/p\u003e \u003cp\u003eOn the Goldman Sachs Scandal Fallout 164\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Legendary Investor Incubators 165\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMarketocracy (www.marketocracy.com) 166\u003c\/p\u003e \u003cp\u003eValueForum.com (www.valueforum.com) 168\u003c\/p\u003e \u003cp\u003eValue Investors Club (www.valueinvestorsclub.com) 170\u003c\/p\u003e \u003cp\u003eMotley Fool Caps (http:\/\/caps.fool.com) 171\u003c\/p\u003e \u003cp\u003eCovestor (www.covestor.com) 172\u003c\/p\u003e \u003cp\u003ekaChing.com (www.kaching.com) 173\u003c\/p\u003e \u003cp\u003eRiskGrades (www.riskgrades.com) 174\u003c\/p\u003e \u003cp\u003eInvestor’s Business Daily (www.investors.com) 175\u003c\/p\u003e \u003cp\u003eAmerican Association of Individual Investors (www.aaii.com) 176\u003c\/p\u003e \u003cp\u003eFundAlarm (www.fundalarm.com) 177\u003c\/p\u003e \u003cp\u003eStockCharts.com (www.stockcharts.com) 178\u003c\/p\u003e \u003cp\u003eOther Sites to Bookmark 179\u003c\/p\u003e \u003cp\u003eNotes 183\u003c\/p\u003e \u003cp\u003eAbout the Author 187\u003c\/p\u003e \u003cp\u003eIndex 189\u003c\/p\u003e  \u003cp\u003e\"... an easy read.... I'm confident you'll find someone to inspire you in \u003cem\u003eThe Warren Buffetts Next Door\u003c\/em\u003e.\" (Interactive Investor Blog, December 2010) \u003c\/p\u003e\u003cp\u003e\"\u003cem\u003eThe Warren Buffetts Next Door\u003c\/em\u003e will entertain you.\" (Fool.co.uk, December 2010)   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eMATTHEW SCHIFRIN\u003c\/b\u003e is Vice President and Investing Editor at Forbes Media LLC. He oversees money, investing, and personal finance content in Forbes magazine and on Forbes.com, including its Intelligent Investing and Financial Adviser Network. Schifrin also manages Forbes Newsletter Group and Forbes iConferences, and was the founding editor of Forbes.com's Best of the Web. As an investigative reporter, his articles have been featured on the cover of Forbes magazine dozens of times and he has been a finalist for an American Society of Magazine Editors National Magazine Award. Schifrin is a frequent speaker at investor conferences and has appeared numerous times on radio and television.   \u003c\/p\u003e\u003cp\u003e\"Good investors are constantly trying to learn. Matt Schifrin has detailed the investment journey of a talented group of investors that we can all learn something from. Enjoy the trip.\"\u003cbr\u003e \u003cb\u003e— JOEL GREENBLATT\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eFrom February 2001 through March 2010, an investment in a well-run index fund like Vanguard Total Stock Market would have earned you an annual return of less than 2%. The same investment in Warren Buffett's Berkshire Hathaway would have netted 6.25% on average per year. Had you invested in Mike Koza's portfolio, your total return would have averaged 34% per year. \u003c\/p\u003e\u003cp\u003eWho's Mike Koza? He's a civil engineer for the Sacramento County Department of Waste Management. He's also one of a growing number of armchair investors taking control of their investment portfolios and routinely beating the Street's biggest names. The Warren Buffetts Next Door is Mike Koza's story, and the stories of nine others like him. And it's your guidebook should you decide to take control of your financial future. \u003c\/p\u003e\u003cp\u003eIn The Warren Buffetts Next Door: The World's Greatest Investors You've Never Heard of and What You Can Learn from Them, Forbes's Matthew Schifrin provides case studies of ten successful investors—everyday people—who are investing in themselves, and in the process, experiencing extraordinary returns. Schifrin details their personal stories, along with their investment strategies, trading philosophies, and rules for investing. You'll learn about: \u003c\/p\u003e\u003cul\u003e \u003cli\u003e\n\u003cb\u003eCHRISTOPHER REES\u003c\/b\u003e, who spent close to thirty years of his life roaming from one town to the next working at any job that would pay him enough to continue his travels. Since October 2000, his investments have seen an average annual return of 25% versus 0.21% for the S\u0026amp;P 500\u003c\/li\u003e \u003cli\u003e\n\u003cb\u003eJACK WEYLAND\u003c\/b\u003e, a former truck driver whose average annual return since July 2002 is 36% vs. 7% for the S\u0026amp;P 500\u003c\/li\u003e \u003cli\u003e\n\u003cb\u003eALAN T. HILL\u003c\/b\u003e, a retired educational software executive whose cumulative return since July 2005 is 1,026% vs. 28% for the S\u0026amp;P 500\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThere are more than fifty million online investors. Many of these \"amateurs\" are achieving professional results without the professional commissions. Their names may never be on the level of a Buffett or a Bogle, but people like Koza, Rees, Weyland, and Hill aren't out to make a name for themselves. They're out to make enough money to enjoy a lifestyle of their choosing. And that's exactly what they're doing. And with The Warren Buffetts Next Door, it's what you can do, as well. \u003c\/p\u003e\u003cp\u003eThe only real prerequisite to becoming a good investor is committing the time to educate yourself. The Warren Buffetts Next Door offers timeless advice and inspiration for any investor hoping to profit by investing in themselves.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990365159653,"sku":"NP9780470573785","price":29.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470573785.jpg?v=1761787528","url":"https:\/\/k12savings.com\/es\/products\/the-warren-buffetts-next-door-isbn-9780470573785","provider":"K12savings","version":"1.0","type":"link"}