Product Description

Praise for The Book of Investing Wisdom.

"Those who invest well have an innate ability to distill abundant, raw information into the scarce commodity of wisdom. Here's how some of the best have done it down through the years."—David H. Komansky, Chairman and CEO, Merrill Lynch & Co., Inc.

"I personally knew moderately all the characters except Charles Dow. Any opportunity to learn more from such people is an opportunity that should not be missed."—Roy R. Neuberger, Senior Partner, Neuberger Berman Inc., and author of So Far, So Good: The First 94 years.

Charles H. Dow, Benjamin Graham, George Soros, Peter Lynch, Warren Buffett, Mario Gabelli, and Donald Trump. You won't find a seminar or lecture anywhere that boasts a panel quite like this—a group of the great stock-pickers and market gurus, both past and present, brought together to instruct you on the art of investing. The Book of Investing Wisdom offers you a unique insight into how these professionals and many others achieved financial success through intelligent investing—all from the comfort of your armchair. Never before have the writings of such a large and diverse group of brilliant investors been collected between the covers of a single book.

The Book of Investing Wisdom is an anthology of 46 essays and speeches from the most successful, well-known investors and financiers of our time. In their own words, these legends of Wall Street share their best investment ideas and advice. You'll hear from Bernard Baruch on stock market slumps, Peter Bernstein on investing for the long term, Joseph E. Granville on market movements, John Moody on investment vs. speculation, Otto Kahn on the New York Stock Exchange and public opinion, William Peter Hamilton on the Dow theory, and Leo Melamed on the art of futures trading, to name just a few. For easy reference, the 46 essays featured in The Book of Investing Wisdom are organized into eight categories, covering the nuts and bolts of analysis, investing attitude and philosophy, investing strategies, market cycles, views from the inside, lessons from notorious characters, insights from the Great Crashes, and advice beyond your average blue chip. Each essay is preceded by a brief introduction that provides intriguing and insightful background information about its author's life and career, and places the essay in historical perspective. Significant statements, inspiring thoughts, and even quirky bits of wisdom have been highlighted throughout the book to call attention to each contributor's most memorable ideas.

Offering practical advice, strategic wisdom, and intriguing history, The Book of Investing Wisdom will inspire and motivate everyone from the professional money manager to the do-it-yourself investor to the business student.

Pearls from The Book of Investing Wisdom.

"A group of lemmings looks like a pack of individualists compared with Wall Street when it gets a concept in its teeth."—Warren Buffett.

"A great patients' drug is one that cures an affliction once and for all, but a great investor's drug is one that the patient has to keep buying."—Peter Lynch.

"For those investors infested with quarterly measurements, a year can be the long run and five years is just about the outer limit."—Peter L. Bernstein.

"More money is probably lost by people who attempt to invest their money conservatively and sanely, but ignorantly, than is lost by those who enter into frank speculations."—John Moody

Product Details

• Amazon Sales Rank: #706566 in Books
• Published on: 1999-03-19
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 498 pages

Amazon.com Review
When the stock market booms--as it did through most of the 1990s--relatively inexperienced investors like to believe there's a new paradigm at work. That's why it's refreshing to take a look occasionally at how investors survived previous booms--and busts. What did the founders of Moody's, Value Line, and the Dow Jones Industrial Average think about the markets they were analyzing and attempting to quantify?

Thus, when Charles Dow writes in an essay titled "Booms and Busts" that "There is a pronounced difference between bull markets that are made by manipulation and those that are made by the public," you perk up. Sure, he was writing all this in the Wall Street Journal in 1899, but he could just as easily be talking about day traders and 401(k) savers in 1999.

Essays by more current investment gurus appear, too. Warren Buffett, Peter Lynch, and Abby Joseph Cohen pitch in, as does George Soros in a must-read section called "Crash and Learn". Not all investing involves the stock market, so even Donald Trump makes an appearance, with an essay called "Trump Cards: The Elements of the Deal."

You won't find hot stock tips here, but you will find the greatest investors of the past century or so discussing the principles that governed or govern their decision-making. And since those decisions created some of the greatest fortunes of all time, it's a vital read. --Lou Schuler

From Library Journal
This collection of speeches and articles provides sound investment advice. The contributors, well-respected experts, include Peter Lynch, who suggests buying stocks in a field you know through personal experience; Mario Gabelli, who discusses how world economic growth expands opportunities for American investors; and Martin Zweig, who explains the merits of selling stocks short. The weakest feature of these tapes, which are well narrated by Richard Poe, is the lack of new information for experienced investors; the strongest point is that the opinions given are solid. Recommended for most public libraries. Mark Guyer, Stark Cty. Dist. Lib., Canton, OH
Copyright 2001 Reed Business Information, Inc.

Review
"I personally knew moderately all the characters except Charles Dow. Any opportunity to learn more from such people is an opportunity that should not be missed." -- Roy R. Neuberger, [his job title TK], Neuberger Berman Inc., and author of So Far, So Good: The First 94 years

"Those who invest well have an innate ability to distill abundant, raw information into the scarce commodity of wisdom. Here's how some of the best have done it down through the years." -- David H. Komansky, Chairman and CEO, Merrill Lynch & Co., Inc.

Editor of The Book of Leadership Wisdom "A great patients' drug is one that cures an affliction once and for all, but a great investor's drug is one that the patient has to keep buying." -- PETER LYNCH

Editor of The Book of Leadership Wisdom "A great patients' drug is one that cures an affliction once and for all, but a great investor's drug is one that the patient has to keep buying." -PETER LYNCH

"Those who invest well have an innate ability to distill abundant, raw information into the scarce commodity of wisdom. Here's how some of the best have done it down through the years." -David H. Komansky, Chairman and CEO, Merrill Lynch & Co., Inc.

"I personally knew moderately all the characters except Charles Dow. Any opportunity to learn more from such people is an opportunity that should not be missed." -Roy R. Neuberger, [his job title TK], Neuberger Berman Inc., and author of So Far, So Good: The First 94 years

Customer Reviews

A solid conservative investment for your reading portfolio.
An exceptional collection of essays by 46 great names business such as Pickens, Baruch, Moody, Buffet, Lynch, Forbes, Soros, and Trump. Key themes include: basic of analysis; attitude and philosophy; strategy; cycles; views from the inside; and more. Each essay includes a biographical sketch of the writer.

This collection of essays proves to be interesting, entertaining, and filled with informative thoughts. This is not a 'how to get-rich-quick in the stock market book'; it is more of a solid, conservative investment for your reading portfolio. Reviewed by Gerry Stern, founder, Stern & Associates, author of Stern's Sourcefinder The Master Directory to HR and Business Management Information & Resources, Stern's CyberSpace SourceFinder, and the Compensation and Benefits SourceFinder.

Informative and well organized.
Krass' style creates an easy to follow, easy to understand narrative of some of the best business minds and their approach to financial investing.

Great Collection of Wisdom
This book is a collection of investment wisdom from Wall Street legends such as Warren Buffett, Philip Fisher, Peter Lynch, and even Donald Trump. These people are extremely successful at what they do, and to have access to their advice is just priceless.

Even though I can identify more with Warren Buffett's and Philip Fisher's investment philosophies, I enjoyed reading about others such as Martin E. Zweig who talked about short selling. I highly recommend this book to serious investors. Even if you do not have an investment philosophy, read this book, and maybe you will be inspired by one of them.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market