Five Key Lessons from Top Money Managers - Hardcover

Kays, Scott

Hardcover

ISBN 10: 0471711837 ISBN 13: 9780471711834

Publisher: Wiley, 2005

Synopsis

An in-depth look at strategies and techniques of five of the country's best money managers

In Five Key Lessons from Top Money Managers, 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.

About this title

About the Author

SCOTT KAYS, 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&T, and BellSouth. He has been quoted in the New York Times, Washington Post, Investor's Business Daily, Bloomberg Wealth Manager, Journal of Financial Planning, and Money 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.

From the Back Cover

Praise for Five Key Lessons from Top Money Managers

"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."
Don Phillips, Managing Director, Morningstar, Inc.

"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."
Gene W. Henssler, PhD, President and CIO of The Henssler Financial Group Portfolio Comanager of The Henssler Equity Fund

"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."
Billy M. Williams, Chairman and founder of National Association of Investors Corporation (NAIC), Atlanta Chapter

"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."
Peter C. Speros, CFP®, Managing Director, Sullivan, Bruyette, Speros & Blayney, Inc.

"A serious book for serious investors that deserves shelf space in your library. Read it and profit. You'll be a MUCH better investor."
Harold Evensky, Chairman, Evensky & Katz

From the Inside Flap

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.

In 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.

Although 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:

• Invest instead of speculate
• Develop a personal investment philosophy
• Build a custom investment process
• Identify excellent companies
• Buy stocks only when they sell at, or below, their fair market values

Unlike 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.

The 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.

Edition details

• Publisher: Wiley
• Publication date: 2005
• Language: English
• ISBN 10: 0471711837
• ISBN 13: 9780471711834
• Binding: Hardcover
• Edition number: 1
• Number of pages: 278