Lessons from the Legends of Wall Street : How Warren Buffett, Benjamin Graham, Phil Fisher, T. Rowe Price, and John Templeton Can Help You Grow Rich - Hardcover

Ross CFP, Nikki

Hardcover

ISBN 10: 0793137152 ISBN 13: 9780793137152

Publisher: Kaplan Publishing, 2000

Synopsis

For the first time, investors will discover how to apply the three vital investment steps for todays markets along with time-tested strategies for acquiring wealth and keeping it. Nikki Ross profiles five legends, revealing how they gather and evaluate information and make investment decisions.

Each chapter provides vital strategies for creating a sound investment plan.

*WARREN BUFFETT: the super-combination investor shares insights about how to profit from annual reports and what to look for in stock research reports. *PHIL FISHER: the investigative growth investor tells how to pick stocks with tremendous profit potential by evaluating management, products, and policies of companies. *BENJAMIN GRAHAM: the value numbers investor provides important financial numbers and ratios to evaluate companies. Grahams followers give expanded criteria for 21st century value investing. *T. ROWE PRICE: the visionary growth investor discusses how to evaluate the life stage of a company, warning signals of slowing growth, and trends affecting stocks, updated by disciples. *JOHN MARKS TEMPLETON: the spiritual global investor, and one of the first money managers to invest internationally, gives 16 timeless investment rules and strategies for global investing in todays volatile markets.

About this title

About the Author

Certified financial planner, Nikki Ross, formerly chair of the International Association for Financial Planning, South Florida chapter, has written articles for newspapers and magazines and appeared on radio and television. Ross has conducted numerous educational financial seminars for national associations, corporations, and universities. She and her husband, Joseph Ross, run a financial and insurance services business in Miami Beach, FL.

Reviews

The five investors named in the subtitle of this book are undoubtedly among the most influential American investors of the 20th century: Graham and Fisher primarily as teachers, the other three for building large, successful investment companies. Ross summarizes their methods, then presents a composite version of their strategies. Is such a "greatest hits" compilation useful? After all, three of these investors have written their own books, and one could fill a small library with works by their interpreters and disciples. Many investment students will still find this book valuable as a starting point or as an accessible alternative to the originals. Ross packs a large fraction of each investor's ideas into an average of 45 pages, including enough details and formulas to make the ideas usable, yet the book is still easy to read. Benjamin Graham, by contrast, can be tedious to read and Warren Buffett is fond of dropping aphorisms that sound indisputable but provide little useful guidance for real investment decisions. One advantage here is that each method is broken down into three systematic steps, making it easy to see the commonalities and departures of each system. Biographical information is also included, giving context to the teachings. Purists will justifiably complain that this approach does not adequately capture the essence of each investor, and some will argue that grasping this essence makes all the difference between serious, disciplined investing and dilettantism. But most readers will find at least some useful insights. (Sept.)
Copyright 2000 Reed Business Information, Inc.

Edition details

• Publisher: Kaplan Publishing
• Publication date: 2000
• Language: English
• ISBN 10: 0793137152
• ISBN 13: 9780793137152
• Binding: Hardcover
• Edition number: 1
• Number of pages: 240