Beyond Wall Street: The Art of Investing [Hardcover]

Steven L. Mintz (Author), Dana Dakin (Author), Thomas Willison (Author)

Book Description

Publication Date: February 10, 1998 | ISBN-10: 0471247375 | ISBN-13: 978-0471247371 | Edition: 1st

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.

Editorial Reviews

From Library Journal

An investing primer based on the eponymous PBS television series, this features eight "superstars" in the world of finance. Topics include index fund investing, fixed income (bonds), emerging markets, and asset allocation, all illustrated with multiple examples.
Copyright 1999 Reed Business Information, Inc.

Review

"One of the best investment books of 1998" -- Fidelity Focus, Summer 1998

"Simply a delicious read...Anyone serious about long-term investment success will profit from the indispensable insights of these diverse masters" -- TheStreet.Com, April 11, 1998

See all Editorial Reviews

Product Details

• Hardcover: 240 pages
• Publisher: Wiley; 1st edition (February 10, 1998)
• Language: English
• ISBN-10: 0471247375
• ISBN-13: 978-0471247371
• Product Dimensions: 9.5 x 6.4 x 0.9 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 2.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #3,867,023 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

8 of 10 people found the following review helpful:

1.0 out of 5 stars Egregious Error, March 13, 2000

By 

K. Bernzott - See all my reviews
(REAL NAME)   

This review is from: Beyond Wall Street: The Art of Investing (Hardcover)

I couldn't get past page 9 where the author, in discussing trailing PE ratios, attributes a remark made in 1987 to "Securities and Exchange Commission (SEC) Chairman Alan Greenspan." Greenspan, of course, has never even served on the SEC, much less chaired it. Sorry, but if the author can't get the basics right, the rest of the book is suspect.

3 of 3 people found the following review helpful:

3.0 out of 5 stars A Good Introduction, January 31, 2001

By 

J. Michael Gallipo (Portsmouth, NH USA) - See all my reviews
(REAL NAME)   

This review is from: Beyond Wall Street: The Art of Investing (Hardcover)

While this book (based on the PBS series of the same name) is far from perfect, it does give a pretty good overview of some of the main themes of modern investing with profiles from some of the Street's biggest stars. You can do far worse than listening to thoughts about growth investing from Foster Friess and value investing from John Neff. And the final chapter on risk with Peter Bernstein was an exceptional overview of the basic concepts of behavioral finance and the mental mistakes often comitted by amatures and professionals alike.

However, people with a deeper grasp of Wall Street will be frustrated by the lack of depth on many topics. Just to cite one example, the chapter on asset allocation ignores the current debate about the amount of benefit investors really get from international diversification. Yes, in normal circumstances the correlation between markets may be low, but in times of crisis - when the benefits of diversification are most needed - correlations tend to rise dramtically. When panic starts in one market, other markets often are either guilty by association (Brazil and Argentina got hit during the Peso crisis) or because money managers sell those assets which are easiest to sell. Just ask the folks at Long Term Capital Management what happens when correlations suddenly increase.

But that lack of depth also makes this a pretty easy read and there are enough useful bits to make this a book worth reading, especially for people new to the great game.