{"product_id":"five-key-lessons-from-top-money-managers-isbn-9780471711834","title":"Five Key Lessons from Top Money Managers","description":"An in-depth look at strategies and techniques of five of the country's best money managers  \u003cp\u003eIn \u003cb\u003eFive Key Lessons from Top Money Managers,\u003c\/b\u003e Scott Kays taps into the investment knowledge of five of the nation's foremost money managers-Bill Nygren, Andy Stephens, Christopher Davis, Bill Fries, and John Calamos. Through extensive interviews with these investment experts, Kays found five principles that are common to all of them. This book discusses each of these five principles in detail-and gives readers specific tools to implement what they've learned by developing a step-by-step process that incorporates all five principles. Kays even teaches readers how to screen for companies that meet the criteria for quality businesses and then analyze three of the qualifying firms to determine if they sell above or below their fair market value.\u003c\/p\u003e \u003cp\u003ePreface vii\u003c\/p\u003e \u003cp\u003e1 The Return of Common Sense 1\u003c\/p\u003e \u003cp\u003e2 Andy Stephens: \u003ci\u003eLead Portfolio Manager, Artisan Mid Cap Fund\u003c\/i\u003e 7\u003c\/p\u003e \u003cp\u003e3 Bill Nygren: \u003ci\u003eLead Portfolio Manager, Oakmark Select Fund, Oakmark Fund\u003c\/i\u003e 29\u003c\/p\u003e \u003cp\u003e4 Christopher C. Davis: \u003ci\u003ePortfolio Manager, Selected American Shares\u003c\/i\u003e 55\u003c\/p\u003e \u003cp\u003e5 Bill Fries: \u003ci\u003ePortfolio Manager, Thornburg Value Fund, Thornburg International Value Fund\u003c\/i\u003e 91\u003c\/p\u003e \u003cp\u003e6 John Calamos Sr.: \u003ci\u003ePortfolio Manager, Calamos Growth Fund\u003c\/i\u003e 113\u003c\/p\u003e \u003cp\u003e7 Five Common Principles of the Professionals 142\u003c\/p\u003e \u003cp\u003e8 The Artist Meets the Technician: Developing an Investment Philosophy and Process 161\u003c\/p\u003e \u003cp\u003e9 Finding the Blue Light Specials 178\u003c\/p\u003e \u003cp\u003e10 Valuing Stocks 186\u003c\/p\u003e \u003cp\u003e11 A Big Value in an Orange Box 216\u003c\/p\u003e \u003cp\u003e12 PEs, PEGs, and IRRs 224\u003c\/p\u003e \u003cp\u003e13 Just Do It! 249\u003c\/p\u003e \u003cp\u003eAppendix 1 Investment Resources 257\u003c\/p\u003e \u003cp\u003eAppendix 2 Stock Investment Screen 260\u003c\/p\u003e \u003cp\u003eNotes 269\u003c\/p\u003e \u003cp\u003eAbout the Author 273\u003c\/p\u003e \u003cp\u003eIndex 275\u003c\/p\u003e \u003cb\u003eSCOTT KAYS\u003c\/b\u003e, CFP, founded Kays Financial Advisory Corporation in 1985, an Atlanta-based money management firm now with over $100 million in client assets. He has written numerous magazine articles and presented financial seminars for major corporations, including IBM, AT\u0026amp;T, and BellSouth. He has been quoted in the \u003ci\u003eNew York Times\u003c\/i\u003e, \u003ci\u003eWashington Post\u003c\/i\u003e, \u003ci\u003eInvestor's Business Daily\u003c\/i\u003e, \u003ci\u003eBloomberg Wealth Manager\u003c\/i\u003e, \u003ci\u003eJournal of Financial Planning\u003c\/i\u003e, and \u003ci\u003eMoney\u003c\/i\u003e magazine. Kays earned a BS in industrial management from the Georgia Institute of Technology. He is also a member of Mensa (the international high-IQ society), Gamma Beta Phi National Honorary Fraternity, and the Financial Planning Association.  You can achieve success in the stock market if you follow a set of well-defined investment principles and refuse to abandon them when the market acts irrationally. If you learn how to use them properly, these proven investment principles act as a compass and a map—leading you safely through periods of uncertainty, mania, fear, or greed.  \u003cp\u003eIn Five Key Lessons from Top Money Managers, author and financial professional Scott Kays, CFP®, draws from his extensive interviews with five of the nation's preeminent money managers—Bill Nygren, Andy Stephens, Christopher Davis, Bill Fries, and John Calamos. Devoting a full chapter to each manager, Kays explores their unique investment philosophies and discusses the strategies that have made them among the best at what they do. Experienced investors will glean tremendous wisdom from the masters' frank discussions on selecting securities, managing portfolios, and increasing returns while reducing risk. Novices will build a strong foundation from the sound investment principles covered.\u003c\/p\u003e \u003cp\u003eAlthough all of the managers exercise very different investment styles, Kays uncovers five common principles they all practice and to which they all adhere. Understanding these five common principles can help every investor improve their results and achieve investment success, regardless of their investment strategy. Specifically, Five Key Lessons from Top Money Managers will teach you how to:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eInvest instead of speculate\u003c\/li\u003e \u003cli\u003eDevelop a personal investment philosophy\u003c\/li\u003e \u003cli\u003eBuild a custom investment process\u003c\/li\u003e \u003cli\u003eIdentify excellent companies\u003c\/li\u003e \u003cli\u003eBuy stocks only when they sell at, or below, their fair market values\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eUnlike many books that discuss investment theory, but fail to give readers a practical way to apply what they have learned, Five Key Lessons from Top Money Managers develops a comprehensive, yet simple, investment process that incorporates all five of the masters' common investment practices. Virtually every investor who has access to a computer and the Internet can learn the process and use it immediately to make intelligent investment decisions. Kays uses examples throughout the book to carefully explain each step. He then examines three companies at the end of the book to demonstrate the model in its entirety.\u003c\/p\u003e \u003cp\u003eThe knowledge you gain from Five Key Lessons from Top Money Managers will let you experiment with new techniques as you improve your skills and build your personal wealth. Filled with in-depth insights and expert advice, this comprehensive guide has been acclaimed by investment experts and personal financial advisors as one book you must read to succeed in the investment world.\u003c\/p\u003e  Praise for Five Key Lessons from Top Money Managers  \u003cp\u003e\"This book can help you implement and hone a successful investing strategy. Kays distills the strategies of some of the market's best thinkers and shows you how you can put their ideas to work for yourself. Novices and pros alike will find much of value here.\"\u003cbr\u003e —Don Phillips, Managing Director, Morningstar, Inc.\u003c\/p\u003e \u003cp\u003e\"It is rare to find a book like this that is both advantageous for the adept, well-seasoned money manager as well as amateur investors seeking to build their own personal investment philosophies. Kays continues to prove his proficiency in financial insights with the analyses in this book.\"\u003cbr\u003e —Gene W. Henssler, PhD, President and CIO of The Henssler Financial Group Portfolio Comanager of The Henssler Equity Fund\u003c\/p\u003e \u003cp\u003e\"An interesting, informative, and understandable book on investing that is ideal for both the novice and advanced investor. Kays provides a process for evaluating securities that every serious investor should be aware of if they want to improve their investing abilities.\"\u003cbr\u003e —Billy M. Williams, Chairman and founder of National Association of Investors Corporation (NAIC), Atlanta Chapter\u003c\/p\u003e \u003cp\u003e\"Reading this book is like having a private audience with some of the best investment managers in the country. A practical how-to guide for developing a winning investment process.\"\u003cbr\u003e —Peter C. Speros, CFP®, Managing Director, Sullivan, Bruyette, Speros \u0026amp; Blayney, Inc.\u003c\/p\u003e \u003cp\u003e\"A serious book for serious investors that deserves shelf space in your library. Read it and profit. You'll be a MUCH better investor.\"\u003cbr\u003e —Harold Evensky, Chairman, Evensky \u0026amp; Katz\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989218869477,"sku":"NP9780471711834","price":35.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471711834.jpg?v=1761783253","url":"https:\/\/k12savings.com\/products\/five-key-lessons-from-top-money-managers-isbn-9780471711834","provider":"K12savings","version":"1.0","type":"link"}