Skip to main content

The Warren Buffetts Next Door: The World's Greatest Investors You've Never Heard Of and What You Can Learn From Them

Hardcover

$29.95

The Warren Buffetts Next Door: The World's Greatest Investors You've Never Heard Of and What You Can Learn From Them

Matthew Schifrin

ISBN: 978-0-470-57378-5 November 2010 224 Pages

Description

A practical guide for investors who are ready to take financial matters into their own hands

The Warren Buffetts Next Door profiles previously unknown investors, with legendary performance records, who are proving every day that you don't need to work for a hedge fund or have an Ivy League diploma to consistently beat the best performing Wall Street professionals.

These amazing individuals come from all walks of life, from a globe drifting college dropout and a retired disc jockey to a computer room geek and a truck driver. Their methods vary from technical trading and global macro-economic analysis to deep value investing. The glue that holds them together is their passion for investing and their ability to efficiently harness the Internet for critical investment ideas, research, and trading skills.

  • The author digs deep to find the best of the best, even finding those who are making money during these turbulent times
  • Contains case studies that will explain to you how these great individual investors find and profit from stocks and options.
  • Shows you how to rely on your own instincts and knowledge when making important investment decisions

In an era when the best professional advice has cracked many investor nest eggs and Madoff-style frauds have shattered investor trusts, the self-empowered investors found in The Warren Buffetts Next Door offer an inspiring and educational tale.

Foreword xiii

Acknowledgments xv

Introduction: Thou Shalt Covet Thy Neighbor’s Portfolio xvii

Chapter 1 Vagabond Value 1

Tangible Tactics 3

Who Is Chris Rees? 6

Rees’s Rules of Investing 10

Case Study: Abatix Corp (OTC: ABIX) 11

Rees: In His Own Words 12

Reflecting on the Financial Meltdown of 2008 12

Chapter 2 Options Apostle 15

Sell Options, Have Fun, and Make Money 18

Who Is Bob Krebs? 20

Krebs’s Rules of Investing 24

Case Study: Annaly Mortgage (NYSE: NLY) 29

Krebs: In His Own Words 32

On Avoiding the Big Loss 32

A Silver Lining to the Crash of 2008 33

Chapter 3 Lady’s Man 35

Knife Catching 37

Who Is Mike Koza? 42

Koza’s Rules of Investing 46

Case Study: Radian Group (NYSE: RDN) 48

Koza: In His Own Words 50

On Comparing the Market to Whitewater Rafting 50

On Professional Money Management 51

Chapter 4 The Sorcerer’s Apprentice 53

Magpie Investing 56

Who Is Kai Petainen? 60

Petainen’s Rules of Investing 63

Case Study: Ternium, S.A. (NYSE:TX) 65

Petainen: In His Own Words 67

On Jim Cramer, John Stewart, Stock Analysts, and “Sisu” 67

Chapter 5 Network Miner 69

Peer-to-Peer Profi ts 71

Who Is Alan Hill? 77

Hill’s Rules of Investing 79

Case Study: China Energy Corp. (OTCBB: CHGY) 80

Hill: In His Own Words 83

On China’s Emergence 83

On Change 83

Chapter 6 Ramblin’ Jack 85

Buying Hiccups 87

Who Is Jack Weyland? 93

Weyland’s Rules of Investing 96

Case Study: Iomai 98

Weyland: In His Own Words 100

On Health Care versus Other Sectors 100

On His Approach to Investing 100

Chapter 7 The Oracle of Manitoba 101

Warren Buffett Meets Sir John Templeton 102

Who Is Randy McDuff? 104

McDuff’s Rules of Investing 107

Case Study: Companhia Brasileira de Distribuicao (NYSE: CBD) 111

McDuff: In His Own Words 114

On Utilities and Recession-Resistant Stocks 114

Post–2008 Crash Investing 114

On Retirement Investing 115

On New Money versus Old Money 115

Chapter 8 Mexican Gold 117

From Detective to Deal Maker 120

Who Is Andrew Swann? 124

Swann’s Rules of Investing 129

Case Study: OceanaGold (TSE: OGC.CA) 131

Swann: In His Own Words 133

On Owning Physical Gold 133

On Whether He Is a Speculator or Investor 133

On Living in Mexico 133

Chapter 9 Stock Angler 135

Do as I Do, Not as I Say 138

Who Is Justin Uyehara? 142

Uyehara’s Rules of Investing 143

Case Study: Medivation (NASDAQ: MDVN) 145

Uyehara: In His Own Words 147

On His Goal of Becoming a Money Manager 147

On Price-Earnings Multiples 147

On the Market’s Strong Rebound from 2008 147

Chapter 10 Bear Market Hero 149

Bear Tracking 151

Who Is John Navin? 157

Navin’s Rules of Investing 160

Case Study: PowerShares DB U.S. Dollar Index Bullish (NYSE: UUP) 162

Navin: In His Own Words 163

On Playing Blackjack and Investing 163

On Technical Analysis versus Fundamental Analysis 164

On the Goldman Sachs Scandal Fallout 164

Chapter 11 Legendary Investor Incubators 165

Marketocracy (www.marketocracy.com) 166

ValueForum.com (www.valueforum.com) 168

Value Investors Club (www.valueinvestorsclub.com) 170

Motley Fool Caps (http://caps.fool.com) 171

Covestor (www.covestor.com) 172

kaChing.com (www.kaching.com) 173

RiskGrades (www.riskgrades.com) 174

Investor’s Business Daily (www.investors.com) 175

American Association of Individual Investors (www.aaii.com) 176

FundAlarm (www.fundalarm.com) 177

StockCharts.com (www.stockcharts.com) 178

Other Sites to Bookmark 179

Notes 183

About the Author 187

Index 189