Download John Neff on Investing AudioBook Free
John Neff is a life-long contrarian, proving time-and-again within the last three decades that bucking the machine pays off big. During his illustrious career as a money manager, Neff flew when confronted with conventional wisdom by consistently passing above the big growth stocks of as soon as, in favor of inexpensive, under performing ones-and he usually won. During his thirty-one years as portfolio manager for Vanguard's Windsor and Gemini II Funds, he beat the market twenty-two times, through every imaginable stock market climate, while posting a 57-fold increase in a short stake. When Windsor closed its doors to new investors in 1986, it was the largest mutual fund in the United States.
Now retired from mutual fund management, Neff is finally ready to share the investment strategies that earned him international recognition as the "investor's investor", and made him the main one to whom other money managers come to manage their money. In John Neff on Investing, Neff delineates, for the very first time, the principles of his phenomenally successful low p/e approach to investing, and he describes the strategies, techniques, and investment decisions that earned him a place alongside Warren Buffett and Peter Lynch in the pantheon of modern investment wizards.
Packed with solid advice and guidance for anybody who aspires to using Neff's unique make of value investing, John Neff on Investing offers invaluable lessons on using price-earnings ratios as a yardstick, to zeroing in on undervalued stocks, interpreting earnings histories and anticipating new market climates. A narrative of Neff's early days-My Road to Windsor-reveals the extraordinary mindset and humble circumstances that shaped his winning investment philosophy. By reproducing excerpts from his personal investment diaries, this book offers a unique opportunity to watch Neff doing his thing over time. A faithful, quarter-in-quarter-out chronicle of any life on Wall Street, the diaries provide unprecedented insights in to the thinking behind some of his best (and worst) investment decisions, while tracing the evolution of his innovative investment style.
The first book to totally reveal the long-heralded investment strategies of a Wall Street genius, John Neff on Investing is must reading for investors, brokers, traders, and bankers of each kind.
JOHN NEFF, until his retirement in 1995, was Senior Vice President and Managing Partner of the Wellington Management Company, the Windsor Fund's investment advisor.
S.L. MINTZ, is New York Bureau Chief of CFO Magazine, a publication of the Economist Group focused on the latest financial thinking and exactly how it has been implemented in today's markets. His other books include Beyond Wall Street (Wiley, 1998) and Five Eminent Contrarians.
