The New Money Masters: Winning Investment Strategies of Soros, Lynch, Steinhardt, Rogers, Neff, Wanger, Michaelis, Carret

Rating:
Summary: The New Money Masters by John Train
Review: This is an excellent work on the development of time-tested
strategies to invest. For instance, analysts watch for
a levelling of the market (near the top); whereby, companies
hire large staffs and raise money in the markets. Astute
investors watch for over-valuations. Industry bottoms are
critical to identify. Sometimes industries vanish or they
improve with added investment-private or government.
Smart investors identify stocks with increased earnings.
Occasionally, an OTC stock will have a good balance sheet
with no term debt. Look for a current ratio of better than 2:1.
In the late 1980s, the Japanese market was overpriced.
The authors advise against investing in complicated derivative
instruments because these activities may detract from
monitoring the fundamentals in downturns or upticks.
The authors provide specific investment firms experienced in
the art of performance monitoring. i.e. Cambridge Associates,
Warburg and Charter Oak (hedge fund). The book is a worthy
investment if you intend to monitor the personal portfolio
of stocks and funds.