Common stocks and common sense : the strategies, analyses, decisions, and emotions of a particularly successful value investor / Edgar Wachenheim III.

Format:

Book

Author/Creator:

Wachenheim, Edgar, author.

Language:

English

Subjects (All):

Stocks.

Bonds.

Investments.

Physical Description:

1 online resource (142 p.)

Edition:

1st edition

Other Title:

Common stocks & common sense

Place of Publication:

Hoboken, New Jersey : Wiley, [2016]

System Details:

text file

Summary:

Deep insight and candid discussion from one of Wall Street's best investors Common Stocks and Common Sense provides detailed insight into common stock investing, using a case-study approach based on real-world investments. Author Edgar Wachenheim is the 28-year CEO of Greenhaven Associates, boasting an average annual portfolio comparable to Warren Buffet's. In this book, he shares his knowledge and experiences by providing detailed analyses of actual investments made by himself and other investors. The discussion covers the entire investment process, including the softer, human side, with candid insight into the joys and frustrations, intensities and pressures, and risks and uncertainties. The unique emphasis on behavioral economics and real-world cases set this book apart from the herd—but it's Wachenheim himself and his deeply-examined perspective that elevates the book beyond a mere investing guide. Between 1990 and 2014, a typical portfolio managed by Wachenheim enjoyed an average annual return in excess of 18%, achieved using relatively conservative stocks and no financial leverage. As a proponent of evidence and example, his analysis of real cases serve as a valuable education for anyone looking to improve their own investment practices. Understand investment through the lens of a Wall Street leader Dig into the details of real-world common stock investing Learn how to invest creatively and minimize risk Go beyond theory to study strategy on a case-by-case basis Investment principles and strategies are easy to find—entire libraries have been written about theories and methods and what 'should' happen. But this book goes beyond the typical guide to show you how these ideas are applied in the real world—and what actually happened. Investors seeking real insight, real expertise, and a proven track record will find Common Stocks and Common Sense a uniquely useful resource.

Contents:

TITLE PAGE; COPYRIGHT; DEDICATION; INTRODUCTION; 1 MY APPROACH TO INVESTING; BEING A CONTRARIAN; HAVING CONFIDENCE; CONTROLLING EMOTIONS; NOTES; 2 THE BRIEF STORY OF MY LIFE; 1. WILLINGNESS AND ABILITY TO BE AN INDEPENDENT THINKER AND A CONTRARIAN; 2. MOTIVATION TO SUCCEED FINANCIALLY; 3. EDUCATION; 4. ANALYTICAL SKILLS; 5. CONFIDENCE; 6. PRAGMATIC GOALS AND AMBITION; 7. CONTROL OF EMOTIONS; 8. FUN; NOTE; 3 IBM; NOTE; 4 INTERSTATE BAKERIES; 5 U.S. HOME CORPORATION; 6 CENTEX CORPORATION; NOTES; 7 UNION PACIFIC (RAILROAD); NOTES; 8 AMERICAN INTERNATIONAL GROUP (AIG); NOTE; 9 LOWE'S; NOTES

10 WHIRLPOOL CORPORATIONNOTE; 11 BOEING; 12 SOUTHWEST AIRLINES; 13 GOLDMAN SACHS; NOTES; 14 A LETTER TO JACK ELGART; NOTES; ABOUT THE AUTHOR; INDEX; EULA

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (ebrary, viewed April 13, 2016).

ISBN:

9781119259626

1119259622

OCLC:

945735716