Value Investing - Hardcover

by Gabriel Wisdom (Author)

Wisdom on Value Investing offers author Gabriel Wisdom's insights on succeeding in difficult markets. One of his favorite approaches-which is part classic value investing and part behavioral finance-is called "The Fallen Angels Investment Strategy," and it prepares investors to look past short-term value assumptions in order to capture profits. Throughout this book, Wisdom will show you how to capitalize on value plays where the fundamentals are actually strong, but the "general wisdom" surrounding the security has turned negative. He discusses how stocks with the most promise are ones that Wall Street has marked down without regard to their underlying value, and reveals how this type of intrinsic value discount provides a margin of safety during difficult times, and substantial upside rewards for those who find them early enough.

• Takes value investing one step further by mixing significant amounts of behavioral finance into the analysis
• Prepares investors to take advantage of other's mistakes
• A time-tested strategy for any type of market-up or down

A classic look at value investing with a twist, this book will put you in a better position to succeed in both bull and bear markets.

Includes a Foreword by Mary Buffett and David Clark, authors of Buffettology.

Back Jacket

Like sheep, we tend to follow a herd mentality--we flock to box office hits, buy the latest in fashion and gadgets--and buy and sell stocks based on the ebb and flow of financial pundits and mainstream investors.

Investing in the stock market is one place, though, where it pays to be a lone wolf. Turn on the TV or pick up a newspaper during times of market turbulence, and watch investors act like lemmings marching to sea. Unfortunately, they are also setting themselves up for failure--and devastating losses.

In Wisdom on Value Investing: How to Profit on Fallen Angels, seasoned investment adviser and popular broadcaster Gabriel Wisdom lays out a different kind of vision for investing in the stock market, or any other market--one that promises to put you on a unique path to success, far from the anguished cries of the investing masses. Wisdom makes the argument that, rather than following fashion, the smart investor stays calm and waits patiently for the incredible deals--the Fallen Angels--that are certain to come along.

Based on Wisdom's professional experience and his popular Fallen Angels investment strategy--which is part classic value investing and part behavioral finance--this wise, easy-to-follow guide reveals:

• How to maximize earnings and minimize losses in any type of market
• The habits of successful investors
• Why you should buy when everyone is complaining and sell when they are celebrating
• The importance of having an exit strategy
• Why we need to learn to live with stock market volatility

Preparing you to take advantage of others' mistakes, Wisdom on Value Investing clearly discusses how stocks with the most promise are ones that Wall Street has temporarily marked down without regard to their underlying value, and explains how this type of value discount provides a margin of safety during difficult times and substantial upside rewards for those who find them early enough.

With this tool for investors of all stripes--whether you have been at the game for a while or are just dipping your toes in the market for the first time--Gabriel Wisdom offers his time-tested, popular strategy to getting a leg up on the complex and difficult art of investing.

Author Biography

GABRIEL WISDOM is a co-founder of American Money Management, LLC, and one of the nation's enduring radio personalities. Beginning in 1968 as an underground FM disc jockey, his financial commentaries have appeared in syndication, on CBS Radio, and on NPR. He's managed more than a billion dollars for wealthy investors since 1983, is comanager of two public mutual funds, and hosts a daily program carried on affiliates of the Business Talk Radio Network. Wisdom serves on several boards, including the Harvard Business School Alumni Club of San Diego, and is a licensed private pilot.

JOE TASH'S earliest recollection of asset gathering occurred on a trip to Florida with his parents when he was five or six years old, with his triumphant victory in a sea shell-collecting contest. Currently, Tash is a popular writer for several newspapers and publications.