Essential Stock Picking Strategies: What Works on Wall Street [Hardcover]

Daniel A. Strachman (Author)

Book Description

Publication Date: June 15, 2002

Beating the market is every investor's dream. Essential Stock Picking Strategies allows investors on Main Street to gain the consistent success (and profits) of the pros on Wall Street. Offering in-depth coverage of the most successful and popular strategies, including growth, value, and sector investing, this complete investment resource identifies successful stock-picking strategies and shares insights that help professional money managers make investment decisions. With profiles of several key money managers, including Gerald Frey, Warren Isabelle, Scott Black, Christopher Davis, and Samuel Isaly, Essential Stock Picking Strategies truly provides an "inside" look at how the professionals successfully pick stocks and win on Wall Street. By gaining a better understanding of how the professionals work, individual investors can start to invest as if they too were on Wall Street.

Daniel A. Strachman is Managing Director of Answers & Company a New York-based money management firm that offers investment management services to individuals and institutions. Mr. Strachman is also the editor of The Sconset Report, a quarterly newsletter focused on applying fundamental analysis to investing in mutual funds. For the last eight year, he has worked in many capacities on Wall Street, including product development, marketing and sales focused in and around the money management industry. Mr. Strachman is the author of many articles on investment management and strategies in the popular and professional press as well as the book Getting Started in Hedge Funds (Wiley).

Editorial Reviews

From the Inside Flap

No matter how smart, well-intentioned, and self-confident you are, entering the stock market unprepared can make investing difficult and dangerous. The only way to successfully navigate today's market is to either work with an investment professional or adapt a professional's investment style to fit your financial goals. If you intend to invest like a professional, you need to adopt a plan that you feel comfortable with-a plan you will stick with regardless of market movements, personal feelings, or pressure-and learn how to implement it like a professional.

By profiling some of today's most successful professional money managers and revealing the strategies, principles, and methods they use when making investment decisions, Essential Stock Picking Strategies: What Works on Wall Street will allow you to gain consistent success and profits like the professionals on Wall Street.

But to understand the money management business you first have to understand how the stock market works. Author Daniel Strachman provides this understanding with a brief history of the NYSE, AMEX, and Nasdaq as well as an overview of investment basics.

With the basics behind you, Strachman profiles twelve fund managers-including mutual fund managers and hedge fund managers, and separate account managers-each of whom brings something unique to the business. You'll hear from growth and value money managers who are investing in small-, mid- and large-cap stocks across the entire market, including . . .
* Warren Isabelle of Ironwood Capital Management
* Paul Blaustein of Whitehall Asset Management
* Mary Lisanti of ING Pilgrim Investments Inc.

. . . as well as sector fund money managers who focus on companies in and around specific sectors of the market, such as:
* Samuel Islay of OrbiMed Advisors LLC (healthcare and biotech)
* Gerry Malone and Peter Anastos of Alliance Capital (technology)
* Chris Davis of Davis Selected Advisors (financial services)

Through these detailed profiles you'll not only learn how to make informed investment decisions, you'll also gain a firm understanding of how growth investing, sector investing, value investing, momentum investing, and macro investing can be used to improve the bottom line of your portfolio in both bull and bear markets.

The managers profiled in this book provide insights on what has really worked on Wall Street. While many follow the same principles of fundamental analysis and use similar tools, each brings a different approach to money management and to the investment process.

To truly understand how things work in the investment world, it takes time, patience, and a willingness to learn. Essential Stock Picking Strategies is filled with knowledge, insight, and advice that will help you choose a stockpicking discipline that fits your long-term investment goals.

From the Back Cover

PRAISE FOR ESSENTIAL STOCK PICKING STRATEGIES

"This book lays the foundation for understanding the value of long-term investing and the importance of knowing who is managing your money and what they are doing with it."
-Mike Cacace, Senior Editor, Fortune magazine

"Essential Stock Picking Strategies does exactly what it says in the title: it tells you, in a clear and easy-to-understand manner, what works on Wall Street and why it works. It provides great insight into the mutual fund industry and how money managers operate."
-Beth Piskora, Investment Editor, the New York Post

"Essential Stock Picking Strategies explores the human side of the money management business. It provides the reader with an interesting look at how portfolio managers actually make investment decisions."
-Frank Kelly, Managing Editor, Investment News

See all Editorial Reviews

Product Details

• Hardcover: 288 pages
• Publisher: Wiley; 1st edition (June 15, 2002)
• Language: English
• ISBN-10: 0471400637
• ISBN-13: 978-0471400639
• Product Dimensions: 9.3 x 6.4 x 0.9 inches
• Shipping Weight: 15.2 ounces (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars  See all reviews (5 customer reviews)
• Amazon Best Sellers Rank: #2,444,504 in Books (See Top 100 in Books)

More About the Author

Daniel Strachman has been working on Wall Street for more than fifteen years in various capacities, including institutional brokerage, money management, and mutual fund and hedge fund product development and marketing. He is an expert in all aspects of retail and institutional distribution for both traditional and alternative investment products and services. Daniel is also fully versed in strategic planning for both investment firms and firms that provide services to the investment community. He has provided consulting services to companies around the world to help make their organizations expand and prosper in both good and bad economic times.

Daniel is the author of six books on investment strategy, the hedge fund industry, and investment managers. His articles have appeared in The Financial Times, The Boston Globe, Interview Magazine, The New York Post and American Banker. He is often quoted and appears in the news media and is a lecturer at the New York Society of Securities Analysts and is a former adjunct professor at New York University's school of Continuing Education. Mr. Strachman graduated from Clark University with a Bachelor of Arts. Email him at [e-mail]

Customer Reviews

Most Helpful Customer Reviews

6 of 8 people found the following review helpful:

5.0 out of 5 stars Mr. Strachman Does It Again!!!, November 20, 2002

By A Customer

This review is from: Essential Stock Picking Strategies: What Works on Wall Street (Hardcover)

Kudos to Daniel Strachman on his second book, Essential Stock Picking Strategies! This book is both informative as well as entertaining. Mr. Strachman not only provides information on how the markets work, he also gives an introduction on how they began - giving the reader a sound understanding of AMEX, NYSE and NASDAQ. This book brings some of the most fascinating hedge fund and mutual fund managers to life including Bernie Horne, Scott Black and Marion Schultheis, one of Wall Street's leading women. Everyone who reads this book can greatly benefit by learning the methods, tactics and strategies that professional investment managers use to make money!

1 of 1 people found the following review helpful:

5.0 out of 5 stars Very useful insight, April 2, 2005

By 

Ricardo Consonni (Sao Paulo, Brazil) - See all my reviews
(REAL NAME)   

This review is from: Essential Stock Picking Strategies: What Works on Wall Street (Hardcover)

This is a book for the serious investors, the ones that have gone past the basics and want to dig into something more substantial. It describes the styles and strategies of some of the most consistent money managers in Wall Street - not the smartest or the outright kamikase, but the ones who are consistent in adding value to their clients' portifolios.
They were divided into two groups: Growth & Value and Sector Funds administrators, and the author portrays each manager's strategies in bull or bear markets.
I found the book very pleasant to read, because it not only doesn't overly rely on technical terms, but uses them only where needed, so you actually have the feeling you're chatting with the author.
In addition to that, I found that the strategies depicted in the book sharpen our own trading strategies, showing better (and sometimes different) ways to implement them, 'seasoning' the tools we use to manage our investment portfolios.

2 of 4 people found the following review helpful:

5.0 out of 5 stars Clear - Concise - A Matter of Fact, November 18, 2002

By A Customer

This review is from: Essential Stock Picking Strategies: What Works on Wall Street (Hardcover)

Finally a book explains how to invest assets without simply just listening to tips or surfing the net. This books spells out why long term investing is the only way to go and while people need to realize they can't do it all themselves.