The Big Win
Description
In his first book, The Billion Dollar Mistake, author Stephen L. Weiss showcased the biggest blunders of some of the world's legendary investors—which lost them billions of dollars on a single investment. Incredibly, the mistakes they made were the same mistakes made by everyday investors but for the magnitude of the loss.
Weiss's second book, The Big Win: Learning from the Legends to Become a More Successful Investor, highlights financial successes, explaining how the world's most successful investors make a fortune and how you can do the same. As with the missteps Weiss profiled in his first book, the strategies used by these legendary investors are available to all, regardless of size or sophistication.
- Profiles legendary investors and highlights their investment strategies—from finding the right investment to researching to making a move
- Probes each investor's personality and questions their investment thinking
- Identifies and describes each investor's "big win" and why it became their most successful investment
The Big Win is a primer on successful investing the way it is really done by the people who do it for a living—passionately and with extraordinary success. The Billion Dollar Mistake told readers what not to do to get rich; The Big Win shows readers how to do it right for the payoff of their lives.
Acknowledgments xi
Introduction 1
Chapter 1 The Legends I Have Met: A Behind the Scenes Look at What Makes a Legend 5
Wanted: The Truly Successful and the Truly Interesting 7
Tying the Common Threads Together—The Portrait of the Perfect Investor 16
Chapter 2 Follow the Money: The Ugly Reality of Whale Watching 19
Chapter 3 The Glass Ceiling of Performance: Renée Haugerud 35
Puts and Calls and Corn 36
A Feel for Trading 39
Commodities as Mover and Shaker 42
Managing Risk 48
Renée Haugerud’s Big Win: The Three-Instrument Trade 49
Chapter 4 The Boom Goes Bust: James S. Chanos 59
A Fan of the Facts 61
The Baldwin-United Short 64
Short Seller Supreme 67
Doggedly—and Successfully—Cynical 68
The China Short 70
Chapter 5 Digging Deep, Coming Up Big: Lee Ainslie 83
Nurturing a Tiger Cub 84
Apprentice to Journeyman to Master 86
Mapping Maverick 88
The Cognizant Big Win: Challenging Conventional Wisdom with Research 93
Chapter 6 small caps, BIG GAINS: Chuck Royce 109
On the Not-So-Fast Track 113
Reaping Value 118
RBA: A Classic Big Win in the Royce Style 125
Chapter 7 The Prophet of a Profitable Vision: A. Alfred Taubman 133
Native Wolverine 134
Big Wins: The Enclosed Mall and the Irvine Ranch 136
Core Competency 139
Defeating Threshold Resistance 142
The Process 146
Chapter 8 The Twenty-First Century Belongs to China—and Commodities: James Beeland Rogers Jr. 153
Easy Rider Explores the World 156
A Father’s Gift 159
Bullish on China 160
The Commodities Connection 162
Chapter 9 Opportunity is Where You Find It: R. Donahue Peebles 171
No Limitations 172
Finding the Deal 177
On the Beach 179
The Peebles Way to a Win 181
Chapter 10 Finding Value in Junk: Martin J. Whitman 193
Educational Value Added: On-the-Job Training 195
Solo 197
The More You Know . . . 200
Bringing the Carcass Back to Life 201
Conclusion: So There You Have It . . . 211
About the Author 215
Index 217
STEPHEN L. WEISS is a twenty-five-year veteran of Wall Street and the Managing Partner of Short Hills Capital Partners, LLC. An active investor, markets expert, and public speaker, he is also a CNBC contributor, appearing regularly on Fast Money and Fast Money Halftime Report. Weiss is the author of The Billion Dollar Mistake: Learning the Art of Investing Through the Missteps of Legendary Investors (Wiley), which has been translated into Chinese, Japanese, and Korean versions.
THE BIG WIN
In his first book, The Billion Dollar Mistake, Stephen L. Weiss explored the surprisingly pedestrian blunders of billionaire investors to show the rest of us how to avoid making the same mistakes. Now, in The Big Win: Learning from the Legends to Become a More Successful Investor, he's back, looking at the successesrather than the failuresof another group of living legends to show you how to make use of their unique strategies to improve your own returns.
Diverse in their backgrounds, each one of the investors profiled in the book triumphed by drawing on their personal strengths and transforming them into fortune-building wisdom. Weiss highlights the investment acumen and strategies that allowed these exceptional individuals to excel and details their biggest wins, focusing on those that most clearly illustrate their distinctive investing styles.
Incorporating end-of-chapter "takeaways" that succinctly summarize the key lessons to be learned from each story, The Big Win is designed to help readers from all backgrounds and levels of experience understand the qualities that make an investor great, and how to apply the strategies of these luminaries to your investing career. Packed with advice that can be applied to any asset class, the book distills the most important achievements of true investment superstars into exciting and endlessly inspiring stories that you can easily relate to and apply to your financial pursuits to attain greater success.
Drawing on the lives of men and women who made their fortunes not only in the stock market, but also in real estate, commodities, and high-yield bonds, The Big Win is an anthology of the incredible stories of true pioneers who transcended race, gender, and class to become investment legends, and what you can learn from their experiences.
PUBLISHER:
Wiley
ISBN-13:
9780470916100
BINDING:
Hardback
BISAC:
BUSINESS & ECONOMICS
BOOK DIMENSIONS:
Dimensions: 160.00(W) x Dimensions: 236.20(H) x Dimensions: 20.30(D)
AUDIENCE TYPE:
General/Adult
LANGUAGE:
English