A practical guide for investors who are ready to take financial matters into their own hands The Warren Buffetts Next Door profiles previously unknown investors, with legendary performance records, who are proving every day that you don't need to work for a hedge fund or have an Ivy League diploma to consistently beat the best performing Wall Street professionals.
These amazing individuals come from all walks of life, from a globe drifting college dropout and a retired disc jockey to a computer room geek and a truck driver. Their methods vary from technical trading and global macro-economic analysis to deep value investing. The glue that holds them together is their passion for investing and their ability to efficiently harness the Internet for critical investment ideas, research, and trading skills.
- The author digs deep to find the best of the best, even finding those who are making money during these turbulent times
- Contains case studies that will explain to you how these great individual investors find and profit from stocks and options.
- Shows you how to rely on your own instincts and knowledge when making important investment decisions
In an era when the best professional advice has cracked many investor nest eggs and Madoff-style frauds have shattered investor trusts, the self-empowered investors found in The Warren Buffetts Next Door offer an inspiring and educational tale.
Table of Contents:
Foreword xiii
Acknowledgments xv
Introduction: Thou Shalt Covet Thy Neighbor’s Portfolio xvii
Chapter 1 Vagabond Value 1
Tangible Tactics 3
Who Is Chris Rees? 6
Rees’s Rules of Investing 10
Case Study: Abatix Corp (OTC: ABIX) 11
Rees: In His Own Words 12
Reflecting on the Financial Meltdown of 2008 12
Chapter 2 Options Apostle 15
Sell Options, Have Fun, and Make Money 18
Who Is Bob Krebs? 20
Krebs’s Rules of Investing 24
Case Study: Annaly Mortgage (NYSE: NLY) 29
Krebs: In His Own Words 32
On Avoiding the Big Loss 32
A Silver Lining to the Crash of 2008 33
Chapter 3 Lady’s Man 35
Knife Catching 37
Who Is Mike Koza? 42
Koza’s Rules of Investing 46
Case Study: Radian Group (NYSE: RDN) 48
Koza: In His Own Words 50
On Comparing the Market to Whitewater Rafting 50
On Professional Money Management 51
Chapter 4 The Sorcerer’s Apprentice 53
Magpie Investing 56
Who Is Kai Petainen? 60
Petainen’s Rules of Investing 63
Case Study: Ternium, S.A. (NYSE:TX) 65
Petainen: In His Own Words 67
On Jim Cramer, John Stewart, Stock Analysts, and “Sisu” 67
Chapter 5 Network Miner 69
Peer-to-Peer Profi ts 71
Who Is Alan Hill? 77
Hill’s Rules of Investing 79
Case Study: China Energy Corp. (OTCBB: CHGY) 80
Hill: In His Own Words 83
On China’s Emergence 83
On Change 83
Chapter 6 Ramblin’ Jack 85
Buying Hiccups 87
Who Is Jack Weyland? 93
Weyland’s Rules of Investing 96
Case Study: Iomai 98
Weyland: In His Own Words 100
On Health Care versus Other Sectors 100
On His Approach to Investing 100
Chapter 7 The Oracle of Manitoba 101
Warren Buffett Meets Sir John Templeton 102
Who Is Randy McDuff? 104
McDuff’s Rules of Investing 107
Case Study: Companhia Brasileira de Distribuicao (NYSE: CBD) 111
McDuff: In His Own Words 114
On Utilities and Recession-Resistant Stocks 114
Post–2008 Crash Investing 114
On Retirement Investing 115
On New Money versus Old Money 115
Chapter 8 Mexican Gold 117
From Detective to Deal Maker 120
Who Is Andrew Swann? 124
Swann’s Rules of Investing 129
Case Study: OceanaGold (TSE: OGC.CA) 131
Swann: In His Own Words 133
On Owning Physical Gold 133
On Whether He Is a Speculator or Investor 133
On Living in Mexico 133
Chapter 9 Stock Angler 135
Do as I Do, Not as I Say 138
Who Is Justin Uyehara? 142
Uyehara’s Rules of Investing 143
Case Study: Medivation (NASDAQ: MDVN) 145
Uyehara: In His Own Words 147
On His Goal of Becoming a Money Manager 147
On Price-Earnings Multiples 147
On the Market’s Strong Rebound from 2008 147
Chapter 10 Bear Market Hero 149
Bear Tracking 151
Who Is John Navin? 157
Navin’s Rules of Investing 160
Case Study: PowerShares DB U.S. Dollar Index Bullish (NYSE: UUP) 162
Navin: In His Own Words 163
On Playing Blackjack and Investing 163
On Technical Analysis versus Fundamental Analysis 164
On the Goldman Sachs Scandal Fallout 164
Chapter 11 Legendary Investor Incubators 165
Marketocracy (www.marketocracy.com) 166
ValueForum.com (www.valueforum.com) 168
Value Investors Club (www.valueinvestorsclub.com) 170
Motley Fool Caps (http://caps.fool.com) 171
Covestor (www.covestor.com) 172
kaChing.com (www.kaching.com) 173
RiskGrades (www.riskgrades.com) 174
Investor’s Business Daily (www.investors.com) 175
American Association of Individual Investors (www.aaii.com) 176
FundAlarm (www.fundalarm.com) 177
StockCharts.com (www.stockcharts.com) 178
Other Sites to Bookmark 179
Notes 183
About the Author 187
Index 189
About the Author :
MATTHEW SCHIFRIN is Vice President and Investing Editor at Forbes Media LLC. He oversees money, investing, and personal finance content in Forbes magazine and on Forbes.com, including its Intelligent Investing and Financial Adviser Network. Schifrin also manages Forbes Newsletter Group and Forbes iConferences, and was the founding editor of Forbes.com's Best of the Web. As an investigative reporter, his articles have been featured on the cover of Forbes magazine dozens of times and he has been a finalist for an American Society of Magazine Editors National Magazine Award. Schifrin is a frequent speaker at investor conferences and has appeared numerous times on radio and television.
Review :
"... an easy read.... I'm confident you'll find someone to inspire you in The Warren Buffetts Next Door." (Interactive Investor Blog, December 2010)
"The Warren Buffetts Next Door will entertain you." (Fool.co.uk, December 2010)
