Discover the secrets of the world's top concentrated value investors Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors chronicles the virtually unknown but wildly successful value investors who have regularly and spectacularly blown away the results of even the world's top fund managers. Sharing the insights of these top value investors, expert authors Allen Benello, Michael van Biema, and Toby Carlisle unveil the strategies that make concentrated value investing incredibly profitable, while at the same time showing how to mitigate risk over time. Highlighting the history and approaches of four top value investors, the authors tell the fascinating story of the investors who dare to tread where few others have, and the wildly-successful track records that have resulted. Turning the notion of diversification on its head, concentrated value investors pick a small group of undervalued stocks and hold onto them through even the lean years. The approach has been championed by Warren Buffett, the best known value investor of our time, but a small group of lesser-known investors has also used this approach to achieve outstanding returns. Discover the success of Lou Simpson, a former GEICO investment manager and eventual successor to Warren Buffett at Berkshire Hathaway Read about Kristian Siem, described as "Norway's Warren Buffett," and the success he has had at Siem Industries Concentrated Investing will quickly have you re-thinking the conventional wisdom related to diversification and learning from the top concentrated value investors the world has never heard of.
For decades investors have been told to diversify among a large number of holdings because financial markets are inherently fragile and volatile. However, many value investors have amassed large amounts of wealth by simply ignoring this principle and keeping their focus on what they know well and hold for longer periods of time.
Concentrated Investing, which follows a few well-known investors along with some less prominent names, offers an inside view of the practices that these investors invariably share, as well as their temperament and discipline.
Authors Benello, van Biema and Carlisle provide a road map in a book that is easy to understand and richly detailed with relevant examples and clear explanations.
Many of the investment principles highlighted in the book are easy to comprehend and not that hard to follow as long as investors are willing to be disciplined in behavior, prepared to do rigorous analysis and focus on fewer companies that they truly understand.
ALLEN C. BENELLO, CFA, is the chairman of White River Investment Partners, LLC, a private investment firm in San Francisco.
No data Found
No data Found