The 52–Week Low Formula – A Contrarian Strategy that Lowers Risk, Beats the Market, and Overcomes Human Emotion
A Contrarian Strategy that Lowers Risk, Beats the Market, and Overcomes Human Emotion
Gebonden Engels 2014 9781118853474Samenvatting
A new but timeless strategy and mindset that should greatly help investors lower downside risk while achieving market outperformance
In The 52–Week Low Formula: A Contrarian Strategy that Lowers Risk, Beats the Market, and Overcomes Human Emotion, wealth manager Luke L. Wiley, CFP examines the principles behind selecting the outstanding companies and great investment opportunities that are being overlooked.
Along the way, Wiley offers a melding of the strategies used by such investment giants as Warren Buffett, Howard Marks, Michael Porter, Seth Klarman, and Pat Dorsey. His proven formula helps investors get the upper hand by identifying solid companies that are poised for growth but have fallen out of the spotlight.
Shows you how to investigate companies and identify opportunities
Includes detailed discussions of competitive advantage, purchase value, return on invested capital, and debt levels
Presents several case studies to examine companies that have overcome obstacles by trading around their 52–week lows
The 52–Week Low Formula is a must–read for investors and financial advisors who want to break through conventional strategies and avoid common mistakes.
Specificaties
Lezersrecensies
Inhoudsopgave
<p>Foreword xxvii</p>
<p>Acknowledgments xxxi</p>
<p>Chapter 1 The 52–Week Formula 1</p>
<p>Chapter 2 Herding and the Bandwagon Effect 19</p>
<p>Chapter 3 Filter 1: Competitive Advantage 25</p>
<p>Chapter 4 Five Common Mistakes Investors Make 55</p>
<p>Chapter 5 Filter 2: Free Cash Flow Yield 67</p>
<p>Chapter 6 The Power of Fear and Decision Fatigue 83</p>
<p>Chapter 7 Filter 3: Return on Invested Capital 91</p>
<p>Chapter 8 This Time Is Never Different 105</p>
<p>Chapter 9 Filter 4: Long–Term Debt to</p>
<p>Free Cash Flow Ratio 109</p>
<p>Chapter 10 The Sunk–Cost Bias and Pride and Regret 131</p>
<p>Chapter 11 Filter 5: The 52–Week Low Formula and My Journey Trying to Disprove It 137</p>
<p>Chapter 12 The Importance of Embracing a Trailing 12–Month Return of 25 Percent 151</p>
<p>Chapter 13 The Problem with Selective Perception and Confirmation Basis 163</p>
<p>Chapter 14 Putting It All Together 169</p>
<p>Afterword 179</p>
<p>About the Companion Website 183</p>
<p>About the Author 185</p>
<p>Index 189</p>
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