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E-book
Author Benello, Allen C., author

Title Concentrated investing : strategies of the world's greatest concentrated value investors / Allen C. Benello, Michael van Biema, Tobias E. Carlisle
Published Hoboken : Wiley, 2016
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Contents Lou Simpson: The Disciplined Investor A Portrait of Concentration -- John Maynard Keynes: Investor Philosopher The Economics of Concentration -- Kelly, Shannon and Thorp: Mathematical Investors Concentration Quantified -- Warren Buffett: The Kelly-Betting Value Investor Portfolio Concentration for Value Investors -- Charlie Munger: Concentration's Muse Quality without Compromise -- Kristian Siem: The Industrialist The Importance of Permanent Capital to the Long-Term Investor -- Grinnell College: The School of Concentration Concentration, and Long-Term Investing for Endowment -- Glenn Greenberg: The Iconoclast Simple, Common Sense Research, And Tennis Shoes -- Conclusion: the Concentrated Investor's Temperament
Summary "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"-- Provided by publisher
"Lou Simpson, who managed GEICO's investment portfolio from 1970 to 2011, was chosen by Warren Buffett to succeed him at the helm of Berkshire Hathaway's investment operations until he retired a couple of years ago at the age of 76. Mr. Simpson's track record at GEICO easily qualifies him for the Investing Hall of Fame, yet he has appeared in only a handful of brief newspaper articles over the years. Kristian Siem was once described in Barron's as Norway Warren Buffett. Virtually unknown in the U.S. except to a very small handful of investors, Siem has growth the book value of his closely held holding company, Siem Industries, at 22% annually over the past 25 years by sticking faithfully to two key principles: Always invest in your field of competence, and concentrate your investments. Siem has conducted his business dealings according to a powerful yet simple motto: Arrogance is always a handicap; humility is a virtue. Leucadia National Corporationhas been called the mini-Berkshire Hathaway. Originally a troubled finance company called Talcott Corp., Leucadia was taken over in XX by Ian Cumming and Joe Steinberg, who together achieved a XX% growth in a book value per share to date, with opportunistic investments ranging from Insurance to Real Estate to Casinos. Leucadia has a cult following among value investors, but there has never been a definitive history of the company and of Cumming/Steinberg's record"-- Provided by publisher
Notes Includes index
Machine generated contents note: Preface Acknowledgments Chapter 1 Lou Simpson: The Disciplined Investor A Portrait of Concentration Chapter 2 John Maynard Keynes: Investor Philosopher The Economics of Concentration Chapter 3 Kelly, Shannon and Thorp: Mathematical Investors Concentration Quantified Chapter 4 Warren Buffett: The Kelly-Betting Value Investor Portfolio Concentration for Value Investors Chapter 5 Charlie Munger: Concentration's Muse Quality without Compromise Chapter 6 Kristian Siem: The Industrialist The Importance of Permanent Capital to the Long-Term Investor Chapter 7 Grinnell College: The School of Concentration Concentration, and Long-Term Investing for Endowment Chapter 8 Glenn Greenberg: The Iconoclast Simple, Common Sense Research, And Tennis Shoes About the Authors Index
Bibliography Includes bibliographical references and index
Notes Print version record and CIP data provided by publisher
Subject Capitalists and financiers -- Biography.
Investments.
Portfolio management.
Genre/Form Biography.
Biographies.
Form Electronic book
Author Biema, Michael van.
Carlisle, Tobias E., 1979- author
LC no. 2016006342
ISBN 1119012023 (hardback)
111901204X (epub)
1119012058 (pdf)
1119020514
9781119012023 (hardback)
9781119012047 (epub)
9781119012054 (pdf)
9781119020516
(hardback)