Excess Returns

An excellent book on methods and processes used by great investors in equity markets. The book covers the investment process of great investors such as Bernard Baruch, Benjamin Graham, Warren Buffet, Peter Lynch, Prem Watsa, Peter Cundill, John Templeton, Julian Robertson etc. The topics like business analysis, common process mistakes, buying and selling considerations and risk management are quite informative. The author has synthesized the writings of great investors in such a way that all long time investors will gain valuable knowledge. The book will help the new as well as experienced investors.

The best Ever

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This is a serious and complete analysis of the approaches used by some very highly successful investors. It covers their varying investment methods, their psychological attittudes to the investing process and their mistakes and triumphs. The reasons for making such an analysis is, of course, to determine if they would allow the reader to achieve the same degrees of success. It is clearly and thoughtfully written with useful footnotes and references. It does not avoid difficult issues like when to sell investments that have done well or badly although it does this by discussing rules that are not followed by successful investors rather than ones that are. It is so complete that I think it could be considered as a summary and replacement of the many other books that cover this same ground. I think that it could only make one a more thoughtful investor, perhaps a more successful one, if one takes the care and time to follow the several approaches that it outlines. A valuable book, in every sense.

A valuable resource.