Forbes Greatest Investing Stories

by Richard Phalon

Book Overview

"Forbes Greatest Investment Stories of All Time" - Dieses Buch ist ein weiteres Produkt der erfolgreichen Zusammenarbeit zwischen Wiley und dem renommierten Wirtschaftsmagazin Forbes. Es berichtet über die wirklich gro en Helden in der Geschichte des Investmentgeschäftes und wie sie dazu beigetragen haben, die Investmentbranche so zu prägen, wie sie heute ist. Autor Richard Phalon ist ein absoluter Experte auf diesem Gebiet. Hier gibt er einen Einblick...

• Format: Paperback
• Language: English
• ISBN: 0471484911
• ISBN13: 9780471484912
• Release Date: April 2004
• Publisher: Wiley
• Length: 254 Pages
• Weight: 0.65 lbs.
• Dimensions: 0.7" x 5.6" x 8.7"

Customer Reviews

History repeats itself...

Richard Phalon offers a somewhat eclectic array of biographies ranging from Benjamin Graham and Tom Bailey as marquee value investors, to Anthony "Tino" De Angelis who tried to corner the market for soybean oil (in a huge scam), and finishing the book with a discussion of George Doriot's philosophy (founder of the Venture Capital industry, as we know it). Clearly, not every individual qualifies for the 'Greatest Investor' title, but all of them had one thing in common: large amounts of money circulated through their hands. Perhaps one of the more surprising takeaways from the book is the focus on value investing. The basics of earnings and cash flows, as well as knowing when to take the cash off the table are repeating patterns no matter the industry, time, or place. An insightful read given the current turbulence in the markets - it is somewhat surprising how timeless many of the principles Richard Phalon identified really are.

Inspiring and Relevant

Reading this reminded me that bad ecomonic news can create terrific opportunities in the market-- the moral of the story of the very first story, which talks about Benjamin Graham and his protoge Warren Buffett! It was eerie how similar the "Investors Beware" chapter about the CUC/HFS International debacle is to what's currently going on with Enron: "If the 'story' behind the stock seems too good to be true, it probably is." A great read -- the author truly seems to love and relish what he's talking about and I learned a ton that heartened my sagging investing confidence (and hopefully my sagging portfolio as well).