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Contrarian Investing Association -Stocks,Warren
Buffett,Money,Value,News,TSE,NYSE,Toronto,New York,Price Earnings,Dividend
Yield, David Dreman
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Contrarian Books
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The
following books are recommended reading. Buying your books through
our website helps support the association. |
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The
Five Rules for Successful Stock Investing: Morningstar's Guide
to Building Wealth and Winning in the Market by Pat Dorsey
OVER the
years, people from around the world have turned to Morningstar for
strong, independent, and reliable advice. The Five Rules for
Successful Stock Investing provides the kind of savvy financial
guidance only a company like Morningstar could offer. Based on the
philosophy that "investing should be fun, but not a
game," this comprehensive guide will put even the most
cautious investors back on the right track by helping them pick
the right stocks, find great companies, and understand the driving
forces behind different industries-without paying too much for
their investments.
Written
by Morningstar's Director of Stock Analysis, Pat Dorsey, The Five
Rules for Successful Stock Investing includes unparalleled stock
research and investment strategies covering a wide range of
stock-related topics. Investors will profit from such tips as: How
to dig into a financial statement and find hidden gold . . . and
deception How to find great companies that will create shareholder
wealth How to analyze every corner of the market, from banks to
health care Informative and highly accessible, The Five Rules for
Successful Stock Investing should be required reading for anyone
looking for the right investment opportunities in today's
ever-changing market.
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The
Contrarian Investor's 13 by
Benj
Gallander
Benj Gallander has among the highest
returns, both short- and long-term, in North America. Co-editor of
Contra the Heard Investment Letter, columnist for The Globe and
Mail, writer for Bloomberg and Canadian MoneySaver, Gallander's
approach has the investment world buzzing.
His approach to investing is decidedly contrarian. He does not
believe in buying and holding until perpetuity. He thinks that
stop losses are idiotic, like playing cards with your hand open.
He redefines conventional norms of the risk-reward relationship.
He rarely buys a stock that does not have a chance of a minimum
100 per cent return. He remains unconcerned with the daily pulse
of trading. This ability to dance against the herd has led to a
ten-year annualized return of 25.4 per cent with a staggering 64.8
per cent in the meltdown of 2001.
The Contrarian Investor's 13 focuses on the basics of his
controversial methodology and philosophy, and the rules around
which Benj has structured his investment approach. His goal is
simple: to show people how to improve their financial returns by
themselves, reducing their dependence on brokers and advisors.
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Contrarian
Investment Strategies : The Next Generation : Beat the Market by
Going Against the Crowd by David N. Dreman
David Dreman's name
is synonymous with the term "contrarian investing," and
his contrarian strategies have been proven winners year after
year. His techniques have spawned countless imitators, most of
whom pay lip service to the buzzword "contrarian," but
few can match his performance. His Kemper-Dreman High Return Fund
has been the leader since its inception in 1988 -- the number one
equity-income fund among all 208 ranked by Lipper Analytical
Services, Inc. Dreman is also one of a handful of money managers
whose clients have beaten the runaway market over the past five,
ten, and fifteen years. Contrarian Investment Strategies: The Next
Generation shows investors how to outperform professional money
managers and profit from potential Wall Street panics -- all in
Dreman's trademark style, which The New York Times calls
"witty and clear as a silver bell." At the heart of his
book is a fundamental psychological insight: investors overreact.
Dreman demonstrates how investors consistently overvalue the
so-called "best" stocks and undervalue the so-called
"worst" stocks.
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Contrarian
Investing : Buy and Sell When Others Won't and Make Money Doing It
by Anthony M. Gallea, William Patalon, Jim Rogers
How to succeed and
profit by NOT following conventional trends, that is the secret to
Contrarian investing: buy assets that are out of favor. Here,
Anthony Gallea a Contrarian with impressive credentials and
William Patalon a savvy business writer -- explain this strategy
for everyone in the market: novices and professionals alike.
Gallea and Patalon show how the Contrarian approach can be
systematized. They identify the key indicators backed by solid
research that tell an investor when to buy and sell stocks. The
authors have created a set of guidelines or trading rules that any
investor can learn and put to immediate use.
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The
Intelligent Investor by Benjamin Graham
The classic
bestseller by Benjamin Graham, perhaps the greatest investment
advisor of the 20th century, The Intelligent Investor has
taught and inspired hundreds of thousands of people worldwide.
Since its original publication in 1949, Benjamin Graham's book
has remained the most respected guide to investing, due to his
timeless philosophy of "value investing," which helps
protect investors against the areas of possible substantial
error and teaches them to develop long-term strategies with
which they will be comfortable down the road.
Over the years, market
developments have borne out the wisdom of Benjamin Graham's
basic policies. Here he takes account of both the defensive and
the enterprising investor, outlining the principles of stock
selection for each, and stressing the advantages of a simple
portfolio policy. Among the book's special features are the use
of numerous comparisons of pairs of common stocks to bring out
their elements of strength and weakness and the construction of
investment portfolios designed to meet specific requirements of
quality and price attractiveness.
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Security
Analysis by Benjamin Graham
This classic
book secured Benjamin Graham's status as a Wall street immortal. the
carefully honed methods for finding undervalued stocks and bonds he
described here have never been equaled, and have already outlived
their author by more than 20 years. Even as Security Analysis has
gone through five editions and nearly a million copes, you can learn
time-tested investment secrets and strategies by going back to the
source - THE ORIGINAL - and paying close attention to its wisdom.
Written just five years after the crash, Security Analysis's message
today is just as vivid, just as lucid, and just as vital as it was
in 1934.
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The Vital Few
vs. The Trivial Many by George Muzea
Filled with in-depth insight and expert advice, The Vital Few vs.
The Trivial Many will open your eyes to a new way of looking at the
investment world, especially the stock market. You'll discover how
to look past media hype to discern what the Vital Few or corporate
insiders—those who know their companies best—are doing. By
explaining which information is accurate and valuable, as opposed to
that which is misleading and financially hazardous, investment
professional George Muzea will show you how to successfully and
intelligently evaluate the stock market and find valuable gems that
have yet to be discovered by the masses.
George Muzea has nearly forty years of experience as an
investment professional. He is founder and President of Muzea
Insider Consulting Services LLC, which advises well-known money
management firms and whose impressive client list includes famed
speculator George Soros's right-hand man, Stanley Druckenmiller, and
other former Soros Fund Management partners. Muzea is frequently
quoted in both print and broadcast media and is a popular speaker at
investment forums nationwide. Visit George Muzea at:
www.vitalfew.info.
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One Up
On Wall Street by Peter Lynch
Lynch, former director of the Fidelity Magellan
Fund, one of the nation's largest equity funds, argues that average
investors can beat Wall Street professionals by using the
information that they encounter in their everyday lives. For
example, Lynch invested in Hanes after his wife told him about the
popularity of L'eggs pantyhose.
Other winning stocks
that average investors could have picked well before Wall Street
became aware of them include LaQuinta motels, the Limited clothing
store chain and Agency Rent-A-Car, note the authors. He advises
readers to look for spectacular growth among companies that sound
dull; do something disagreeable (like funeral homes) are spinoffs;
are buying back their own stock. He cautions readers to avoid
companies touted as the next IBM or Xerox; that are diversifying ("diworseifying");
that depend on a single customer. The book is also a primer on how
the stock market works and is written in a light, entertaining
style. Contrarians will be able to put the shrewd insights presented
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Common
Stocks and Uncommon Profits by
Philip A. Fisher
Widely
respected and admired, Philip Fisher is among the most
influential investors of all time. His investment philosophies,
introduced almost forty years ago, are not only studied and
applied by today's finance professionals, but are also regarded
by many as gospel. He recorded these philosophies in Common
Stocks and Uncommon Profits, a book considered invaluable
reading when it was first published in 1958, and a must-read
today.
Acclaim for
Common Stocks and Uncommon Profits
"I
sought out Phil Fisher after reading his Common Stocks and
Uncommon Profits...When I met him, I was impressed by the man as
by his ideas. A thorough understanding of the business, obtained
by using Phil's techniques...enables one to make intelligent
investment commitments."-Warren Buffett
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