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Lunch » Tags » Books » Reviews » The Guru Investor: How to Beat the Market Using History's Best Investment Strategies

The Guru Investor: How to Beat the Market Using History's Best Investment Strategies

1 rating: 5.0
A book by John P. Reese

Today's investor is faced with a myriad of investment options and strategies. Whether you are seeking someone to manage your money or are a self-directed investor deciding to tackle the market on your own, the options can be overwhelming.   … see full wiki

Author: John P. Reese
Genre: Biographies & Memoirs
Publisher: Wiley
1 review about The Guru Investor: How to Beat the Market...

One stop shop for stock investing strategy and creating investing philosphy by learning from the investing legends

  • Apr 10, 2009
Rating:
+5
John Reese's book "The Guru Investor - How to beat the market using history's best investment strategies" fills the gap in investing books on how a person who doesn't have a stock investing background (and struggles for some time with it) create a strategy to beat the market (and have a chance to beat the market) by learning from those who have beat the market consistently in the past. The book covers important most of the basic financial metrics and also covers value, growth and quants strategy. This book is basic enough and easy to understand. This book can be a one stop shop for investing books if you already know the basic of stock investing, but if you don't know much about stock market or how stock investing works, then this is not the book that you want to read first.

The 6 principles of "Guru Investing" (what I personally called investing philosophy):
1. Combining strategies to minimize risk and maximize returns
2. Stick to the numbers or the market will stick it to you
3. Stay disciplined over the long haul
4. Diversify, but you can't beat the market by owning it
5. Size and style - focused systems only limit investment possibilities
6. You don't have to hold stocks for the long term to be a long term investor

Pros:
1. practical and succinct
2. covers most of the investing legends strategies and their "story" (Warren Buffett, Benjamin Graham, Peter Lynch, David Dreman, Ken Fisher etc)
3. Covers many important financial ratios
4. Covers in depth the topic of "Determining when to sell"
5. Relate to the audience well (as someone who is trying to learn about investing from the investing greats)
6. Includes interesting facts in the fact box (or key learning) for each chapter or for each important topic.
7. Covers the performance of "Guru" based stock model portfolio and yearly track record comparison

Cons:
1. Marketing (cross selling) their other investment service (validea dot com and Validea investing system)
2. Supporting a subjective topic of the drawback of market timing/short term trading (that "one have to be right at least 74% of the time to make money with market timing approach")
3. Should include more learning/strategies from Philip Fisher

In conclusion, "The Guru Investor - How to beat the market using history's best investment strategies", is a very good resource to help us understand many of the proven stock investing strategies (as applied by several of the investing legend). This book is a nice hybrid of "the intelligent investor" type book (theory concentrated) and "One up on Wall Street" (practical and experience) type book.

Happy Investing,

Sidarta Tanu

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