John Neff on Investing

Praise for JOHN NEFF on investing "This book offers important insights into the methods and long-term rewards of 'value' investing. The serious investor will not want to miss this clear exposition of the successful Neff technique.

Author: John Neff

Publisher: Wiley

ISBN: 0471417920

Category: Business & Economics

Page: 288

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John Neff is a life-long contrarian, proving time-and-again over the past three decades that bucking the system can pay off big. During his illustrious career as a money manager, Neff flew in the face of conventional wisdom by consistently passing over the big growth stocks of the moment, 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 an initial 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 one to whom other money managers come to manage their money. In John Neff on Investing, Neff delineates, for the 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 anyone who aspires to using Neff's unique brand 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 in action over the years. A faithful, quarter-in-quarter-out chronicle of a life on Wall Street, the diaries provide unprecedented insights into the thinking behind some of his best (and worst) investment decisions, while tracing the evolution of his innovative investment style. The first book to fully 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 every 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 dedicated to the latest financial thinking and how it is being implemented in today's markets. His other books include Beyond Wall Street (Wiley, 1998) and Five Eminent Contrarians.
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Beyond Wall Street

Insight and advice on mastering the art of investing—from some of the biggest names in the business. "If you somehow missed much or all of Beyond Wall Street, the eight-part PBS documentary, this book is for you.

Author: Steven L. Mintz

Publisher: John Wiley & Sons

ISBN: 0471247375

Category: Business & Economics

Page: 240

View: 670

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Insight and advice on mastering the art of investing-from some of the biggest names in the business This invaluable volume presents what the experts' experts-Peter Bernstein, Gary Brinson, Foster Friess, John Neff, Barr Rosenberg, Mark Mobius, William Gross,and William Sharpe-have to say about risk, asset allocation, growth investing, index funds, value investing, quantitative analysis, fixed-income securities, and emerging markets. "Essential reading for both novice and expert investors, the profiles in Beyond Wall Street show how the country's most successful investors make money. Read this and learn what it takes to come out on top."-Jane Bryant Quinn, Newsweek columnist, Author of Making the Most of Your Money "Beyond Wall Street achieves a laudable balance between human drama and sage advice, and the sages involved are some of the finest investors of our time."-Ed Finn, Editor, Barron's "This book serves a delicious blend of the techniques and biographies of some of the greatest professional vestors and financial scholars. Anyone serious about long-term investment success will profit from the indispensable insights of these diverse masters."-Roger A. Segal, Investors' Bookshelf (TheStreet.com) "This book is a wonderful source of knowledge for investors ranging from novice to professional. We can all learn something from today's most accomplished thinkers and practitioners."-Elizabeth J. Mackay, CFA, Chief Investment Strategist, Bear, Stearns & Co. Inc.
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Invest Like a Dealmaker

30 JOHN NEFF'S DUSTY RAG AND BONE SHOP “The investment process must begin somewhere,” John Neff writes in his 1999 memoir, John Neff on Investing.

Author: Christopher W. Mayer

Publisher: John Wiley & Sons

ISBN: 9780470245781

Category: Business & Economics

Page: 224

View: 620

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Invest Like a Dealmaker outlines an approach to investing that is far removed from what most investors have been conditioned to believe, but which has produced consistent profits for its practitioners decade after decade. While the concepts covered are not well known by the average investor, they are well appreciated by Wall Street insiders and dealmakers—particularly those who think about stocks as whole companies, as things with real assets, and cash flows that exist in the real world.
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Investing for the Long Term

Neff, J. and Mintz, S. L., John Neff on Investing, John Wiley & Sons, Hoboken, NJ, 1999. O'Driscoll, G. P. and Rizzo, M. J., The Economy of Time and ...

Author: Francisco Parames

Publisher: John Wiley & Sons

ISBN: 9781119431190

Category: Business & Economics

Page: 312

View: 498

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Make the smartest choices you can with this must-have read for investors by one of the world's legendary value investors World-renowned investor Francisco García Paramés shares his advice and tips on making smart investments in this must-have book for those looking to make smarter choices for their portfolio. Investing for the Long Term is divided in two parts. The first is formed by three chapters covering Francisco's education and first steps, his initial experience as an investor working alone, and the team work after 2003. This riveting section covers the end of the biggest bull market of the 20th century and the technological and financial crashes of 2000 and 2008. How the team dealt with all that is an interesting personal account that can help you deal with similar situations, should they occur. The second part of the book covers the cornerstones of Francisco's philosophy. It starts with a chapter in Austrian economics, in his view the only sensible approach to economics, which has helped him enormously over the years. It follows with an explanation of why one has to invest in real assets, and specifically in shares, to maintain the purchasing power of ones savings, avoiding paper money (fixed income) at all costs. The rest of the book shows how to invest in shares. Discover the amazing investing principles of one of the most successfully fund managers in the world Examine how one man and his company weathered the two of modern times’ biggest economic crashes Learn how to safely invest your savings Value investing and effective stock-picking underlie some of the world's most successful investment strategies, which is why Investing for the Long Term is a must-have read for all investors, young and old, who wish to improve their stock selection abilities.
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Value Investing in Growth Companies

Neff, John. John Neff on Investing. New York: John Wiley & Sons, 1999. Schroeder, Alice. The Snowball: Warren Buffett and the Business of Life.

Author: Rusmin Ang

Publisher: John Wiley & Sons

ISBN: 9781118567982

Category: Business & Economics

Page: 200

View: 887

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How to apply the value investing model to today's high-growth Asian companies This revised edition of Value Investing in Growth Companies serves as a step-by-step guide that lets investors combine the value investing and growth investing models to find excellent investment opportunities in emerging Asian companies. Though these two investing styles are very different, the authors' proprietary "jigsaw puzzle" model integrates them into a holistic investing approach that will help readers enjoy the kind of extraordinary results that investors like Warren Buffett or Peter Lynch built their fortunes on. This model focuses on four vital criteria that, when combined, pinpoint excellent companies in which to invest. Those criteria are: simple business models, quality management, healthy financial numbers, and accurate valuation. This book shows investors how to find growth companies in Asia that combine these four criteria for nearly surefire profits. Offers a sensible and stress-free investing strategy that is ideal for anyone looking for investment opportunities in fast-growing Asian countries This revised edition includes new case studies focused specifically on Asian companies and their unique characteristics Perfect for investors who want to focus on high-growth, small-cap companies that offer excellent potential returns
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The Guru Investor

In the foreword to John Neff on Investing, Charles D. Ellis (former managing partner of the consulting firm Greenwich Associates) writes: In addition to ...

Author: John P. Reese

Publisher: John Wiley & Sons

ISBN: 9780470377093

Category: Business & Economics

Page: 336

View: 312

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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. In an easy-to-read and simple format, this book will dissect the strategies of some of Wall Street's most successful investment gurus and teach readers how to weed through the all of the choices to find a strategy that works for them. The model portfolio system that author John Reese developed turns each strategy into an actionable system, addressing many of the common mistakes that doom individual investors to market underperformance. This book will focus on the principles behind the author's multi-guru approach, showing how investors can combine the proven strategies of these legendary "gurus" into a disciplined investing system that has significantly outperformed the market. Gurus covered in the book are: Benjamin Graham; John Neff; David Dreman; Warren Buffett; Peter Lynch; Ken Fisher; Martin Zweig; James O'Shaughnessy; Joel Greenblatt; and Joseph Piotroski.
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The Pocket Idiot s Guide to Investing in Stocks

—John Neff, from his book John Neff on Investing (Wiley, 1999) Tom Marsico Founder of the Marsico Funds mutualfund company in 1997 and manager of the Janus ...

Author: Carl Baldassarre

Publisher: Penguin

ISBN: 9781440625954

Category: Business & Economics

Page: 240

View: 748

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The Pocket Idiot's Guide to Investing in Stocks covers everything readers need to know to take advantage of the long- and short-term opportunities in the equities market, including how stocks stack up against other forms of investing, a tour of the major U.S. exchanges, choosing an investment style, and much more. In addition, the book covers the investment strategies and philosophies of some of Wall Street's most successful investors. An appendix contains the contact information for all the major full-service and discount brokers.
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The Edgar Online Guide to Decoding Financial Statements

Neff describes his brand of value investing in his book John Neff on Investing , in which he sets forth the following criteria : • Low P / E ratios .

Author: Tom Taulli

Publisher: J. Ross Publishing

ISBN: 1932159282

Category: Business & Economics

Page: 312

View: 124

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Navigating through a company's financial statements can be tricky for investors. This concise and easily understood guide covers not only how to find the red flags, but also how to find the signs of underlying financial strength for making sound investing decisions.
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How to Win as a Stock Market Speculator

Value investing On value investing , try John Neff on Investing by John Neff ( John Wiley ) . The book explains how the author , as a US - based portfolio ...

Author: Alexander Davidson

Publisher: Kogan Page Publishers

ISBN: 0749444940

Category: Business & Economics

Page: 296

View: 135

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City expert Alex Davidson reveals the secrets of making money as a stock market speculator. Offering trading methods for up and down markets, the guide equips the reader to trade like a professional, showing which financial instruments to use, and how to limit losses and maximize gains.
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The Value Connection

In his book John Neff on Investing ( John Wiley & Sons , 1999 ) , he describes typical Windsor investments as " good companies with solid market positions ...

Author: Marc H. Gerstein

Publisher: John Wiley & Sons

ISBN: 0471464910

Category: Business & Economics

Page: 352

View: 658

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A market beating method for finding success in trading stocks Value is a concept that frequently eludes investors -- especially when it comes to stocks. In many cases, successfully identifying value can make the difference between picking a winner and getting burned. The Value Connection offers a systematic and doable method investors can use to take advantage of value in the stock market. Based on author Marc Gerstein's "Value Connection" method, this book will show investors how to find potentially attractive value connections, analyze specific situations to see if the value connection is sound, buy the best value connected opportunities, and sell stocks for which the value connection has weakened. The proven four-step method outlined -- which allows investors to understand the relationship between a company and its stock -- will help any investor screen the stock market for the best values out there. Real world examples make understanding this revolutionary investing method easy. Marc H. Gerstein (New York, NY) is the Director of Investment Research at Multex. Prior to that, he was in the research and editorial department at Value Line. Over the course of two decades he analyzed stocks across a wide variety of industries and sectors, including household products, specialty retail, restaurants, mining, energy, hotel/gaming, homebuilding, airlines, railroads, and media. Gerstein appears periodically on CNNfn, Bloomberg TV, and is often quoted in USA Today, CBS MarketWatch, The Wall Street Journal, The New York Daily News, and Money Online. He is also the author of Screening the Market (0-471-21559-7).
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Valuegrowth Investing

-- Draws heavily on principles discovered by Peter Lynch, Warren Buffett, and other investment greats.With this book, every investor can develop a coherent investment strategy that encompasses both value and growth, draws upon the latest ...

Author: Glen Arnold

Publisher: Pearson Education

ISBN: 0273656252

Category: Business & Economics

Page: 358

View: 400

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Develop the practical investment strategy skills you need to succeed in any market!-- Practical explanations and examples help you master the key techniques professional investors use to make decisions.-- Helps you define a coherent strategy that encompasses both value and growth.-- Draws heavily on principles discovered by Peter Lynch, Warren Buffett, and other investment greats.With this book, every investor can develop a coherent investment strategy that encompasses both value and growth, draws upon the latest advances in business strategy, and utilizes powerful principles first discovered by world-class investors such as Peter Lynch and Warren Buffett. Valuegrowth Investing proves that investing in value and in growth are not mutually exclusive, and offers a practical strategy for achieving both goals. Using extensive real-world examples, Glen Arnold introduces the key financial tools professionals use to make their investment decisions, sharing new insight into stock price behavior based upon his successful career as a trader. From Ben Graham's three forms of value investing to John Neff's sophisticated ratio investing plan, to Warren Buffett's and Charles Munger's long term cash-flow investing and Philip Fisher's bonanza investing, this book draws upon the best ideas of world-class investors -- and shows how to leverage them in your own portfolio. For every experienced investor.
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Buffett Beyond Value

John Neff, John Neff on Investing, with S. L. Mintz (New York: John Wiley & Sons, 1999), 122. Berkshire Hathaway Annual Report 1985, 19.

Author: Prem C. Jain

Publisher: John Wiley & Sons

ISBN: 0470608951

Category: Business & Economics

Page: 320

View: 867

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A detailed look at how Warren Buffett really invests In this engaging new book, author Prem Jain extracts Warren Buffett's wisdom from his writings, Berkshire Hathaway financial statements, and his letters to shareholders and partners in his partnership firms-thousands of pages written over the last fifty years. Jain uncovers the key elements of Buffett's approach that every investor should be aware of. With Buffett Beyond Value, you'll learn that, contrary to popular belief, Warren Buffett is not a pure value investor, but a unique thinker who combines the principles of both value and growth investing strategies. You'll also discover why understanding CEOs is more important than studying financial metrics; and why you need an appropriate psychological temperament to be a successful investor. Reveals Buffett's multifaceted investment principles Discusses how Buffett thinks differently from others about portfolio diversification, market efficiency, and corporate governance Highlights how you can build a diverse and profitable investment portfolio With this book as your guide, you'll learn how to successfully invest like Warren Buffett.
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Creating Strategic Value

Applying Value Investing Principles to Corporate Management Joseph Calandro ... of value investor John Neff's autobiography, John Neff on Investing (New ...

Author: Joseph Calandro

Publisher: Columbia University Press

ISBN: 9780231550673

Category: Business & Economics

Page: 237

View: 242

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The principles of value investing have resonated with savvy practitioners in the world of finance for a long time. In Creating Strategic Value, Joseph Calandro Jr. explores how the core ideas and methods of value investing can be profitably applied to corporate strategy and management. Calandro builds from an analysis of traditional value investing concepts to their strategic applications. He surveys value investing’s past, present, and future, drawing on influential texts, from Graham and Dodd’s time-tested works to more recent studies, to reveal potent managerial lessons. He explains the theoretical aspects of value investing-consistent approaches to corporate strategy and management and details how they can be successfully employed through practical case studies that demonstrate value realization in action. Calandro analyzes the applicability of key ideas such as the margin-of-safety principle to corporate strategy in a wide range of areas beyond stocks and bonds. He highlights the importance of an “information advantage”—knowing something that a firm’s competitors either do not know or choose to ignore—and explains how corporate managers can apply this key value investing differentiator. Offering expert insight into the use of time-tested value investing principles in new fields, Creating Strategic Value is an important book for corporate strategy and management practitioners at all levels as well as for students and researchers.
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Corporate Financial Management

Neff, J. (1999) John Neff on Investing (with S.L. Mintz). New York: John Wiley & Sons. Decades of investing experience create a very interesting book to ...

Author: Glen Arnold

Publisher: Pearson UK

ISBN: 9781292140483

Category: Corporations

Page: 1846

View: 794

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Wisdom of Wealth

... Concentrated Investing by Allen Benello Passport To Profits by Mark Mobius A Zebra In Lion Country by Ralph Wanger John Neff On Investing by John Neff ...

Author: Poornesh K.K.

Publisher: Notion Press

ISBN: 9781647607715

Category: Business & Economics

Page: 604

View: 169

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The study of wealth is so fascinating. Having wealth is a dream for every human being. By pursuing different professions, we all chase wealth. These quotes contain a wealth of wisdom in a single line. These are timeless and immeasurable treasures of wisdom. Wealth is the product of man’s capacity to think. – Ayn Rand Markets always climb the wall of worry. – Rakesh Jhunjhunwala Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves. – Norm Franz Money: whether you have it or not, whether you want it or not, whether you like it or not, it will define your days. – Phil Knight Nine-tenth of wisdom consists in being wise in time. – Theodore Roosevelt Whenever you find yourself on the side of the majority, it’s time to pause and reflect. – Mark Twain Traditional wisdom is long on tradition and short on wisdom. – Warren Buffett Never mistake motion for action. – Earnest Hemmingway
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The Stock Market Course

His investmentphilosophies are disseminated in his best-selling book, John Neff on Investing (john Wiley 8: Sons, Oct. 1999). Neff is also a master of ...

Author: George A. Fontanills

Publisher: John Wiley & Sons

ISBN: 0471036706

Category: Business & Economics

Page: 464

View: 640

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Avoid costly trading mistakes with this workbook that tests readers' investment knowledge No one enters the stock market in the hopes that they may actually lose money on their investments. Sadly, most do. Avoid expensive trading blunders with this hands-on workbook designed to test readers' investment savvy. Developed by a popular stock trading instructor, The Stock Market Course Workbook quizzes readers on their knowledge of the concepts presented in Fontanills's The Stock Market Course. Because mistakes are costly in the stock market, this accessible study guide provides readers with the opportunity to trade "fake money" before risking their real assets in the market. The invaluable lessons learned in this workbook could save readers thousands of dollars in investment mistakes.
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The Bear Proof Investor

Neff, John, John Neff on Investing (Wiley, 1999). The legendary value investor reveals the core ofhis successful value style, whichhe employedat ...

Author: John F. Wasik

Publisher: Holt Paperbacks

ISBN: 9781466871021

Category: Business & Economics

Page: 256

View: 294

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Proven strategies for keeping your money safe and your investments growing no matter which direction the market is heading After so many years of booming bull markets, the recent downturn has thrown a scare into millions of Americans. Novice investors are watching the news from Wall Street and wondering if they have any business being in the stock market anymore. And if not, what then? Veteran personal-finance author John F. Wasik has carved out a niche for himself dispensing time-tested, commonsense advice for the average middle-income investor and for working families-in other words, the overwhelming majority of Americans. Here, Wasik focuses on protecting, and even growing, your assets even if the market hunkers down for a long cold spell. His timely wisdom focuses on trend-proofing your portfolio, capitalizing on inescapable demographic shifts, identifying the long-term winners, value investing, dividend reinvestment, and dollar-cost averaging. For the millions of Americans who want to stop worrying about their money, The Bear-Proof Investor is a lifesaver.
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You Say Tomayto

Contrarian Investing in Bitesize Pieces Alastair Mundy ... Neff, John, John Neff on Investing (Wiley, 1999) Thirtyone years at the helm of the largest ...

Author: Alastair Mundy

Publisher: Harriman House Limited

ISBN: 9780857192745

Category: Business & Economics

Page: 210

View: 178

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Although many people consider bloody-mindedness and stubbornness as being perfect qualifications for a contrarian investor, the approach is in fact a little different than that. Yes, it requires one to act against the crowd. However, it is futile to do so without good reason. A naïve contrarian investor pops into a pub looking for a fight and is delighted if his first opponent is Lennox Lewis. A more seasoned contrarian looks to fight only little old ladies. But looking for the right opponent in a local pub is far from straightforward - little old ladies can sometimes be veteran jujitsu champions - and detecting the easier battles in the stock market is similarly challenging. At first blush, many stocks are attractive and other appealing stocks may initially look like dogs. There is no trustworthy shortcut to separate the dogs from the delightful. The long cut is the implementation of much hard work. Hard work as in understanding a company's business model, why other investors hate it, what positive factors they might have missed, how its balance sheet and cash flow interact, and whether its valuation is sufficiently attractive. None of that is rocket science perhaps, but that does not make it easy. The bull arguments are often well hidden and can only be discovered through meticulous work, a sceptical mindset, and deep thought. In this collection of his writings, top fund manager Alastair Mundy takes a contrarian look at a host of topics and issues, providing a range of ideas and approaches and encouraging investors to think hard about their approach to investment. This book should be essential reading for any investor - contrarian or otherwise.
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American Book Publishing Record

Investment analysis. 2. Portfolio management. I. Title. NEFF, John (John B.) 332.6 John Neff on investing / John Neff with S.L. Mintz.

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Publisher:

ISBN: STANFORD:36105111050469

Category: Books

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The Great Investors

'Whether a complete novice, or a professional portfolio manager, this book will give you access to the mindset and techniques of the most successful investors of our time and more importantly, it will help you avoid mistakes.

Author: Glen Arnold

Publisher: Pearson UK

ISBN: 9780273743385

Category: Business & Economics

Page: 416

View: 192

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'Whether a complete novice, or a professional portfolio manager, this book will give you access to the mindset and techniques of the most successful investors of our time and more importantly, it will help you avoid mistakes. The Great Investors will have a permanent place on my desk.' Mark Sheridan, Executive Director, Nomura International PLC Leading investors such as Warren Buffett, Benjamin Graham, Sir John Templeton, George Soros and Anthony Bolton are known throughout the world. How did these people come to be so successful? Which strategies have they used to make their fortunes? And what can you learn from their techniques? In The Great Investors, Glen Arnold succinctly and accurately describes the investment philosophies of the world’s greatest investors. He explains why they are the best, gives details of their tactics for accumulating wealth, captures the key elements that led to their market-beating successes and teaches you key lessons that you can apply to your own investing strategies. From the foreword: ‘There are some very special people who seem to possess an exceptional talent for acquiring wealth. I want to explore not just the past triumphs of these masters, but also the key factors they look for as well as the personality traits that allow them to control emotion and think rationally about where to place funds. How does a master of investment hone skills through bitter experience and triumph to develop their approach to accumulating wealth?’ Glen Arnold The Great Investors is the story of a number of remarkable men: John Templeton, George Soros, Warren Buffett, Benjamin Graham, Philip Fisher, Peter Lynch, Anthony Bolton and John Neff. Whether you’re new to investing, have had success in the markets, or you’re a professional investor or fund manger, you’ll benefit from reading about their proven, and successful, trading philosophies. The Great Investorswill show you how to: · Be a business analyst rather than a security analyst · Do your homework and develop a broad social, economic and political awareness · Control emotion so as not to get swept away by the market · Be consistent in your approach, even when you have bad years · See the wood for the trees and not over complicate your portfolio · Learn from your investing · Be self reliant, stand aside from the crowd and follow your own logic · Take reasonable risk
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