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

John Train (Author)

Book Description

Publication Date: October 1989

This decade's most brilliant and successful investors are profiled in a sparkling follow-up to John Train's 170,000 bestseller The Money Masters. Illustrated.

Editorial Reviews

From Publishers Weekly

In a sequel to his 1979 bestseller The Money Masters , Train profiles eight leading securities traders and mutual fund managers of the 1980s. Incisive, urbane and entertaining, he describes how James Rogers buys into all exchange-listed companies in a secondary market like Portugal or Finland to catch an economic trend; he follows Peter Lynch's day-to-day "relentless pursuit" of new winning investments for Fidelity Management's top-ranking Magellan Fund; and interviews Pioneer Fund's cautious Philip Carret, who likes over-the-counter start-up companies but fears an upcoming depression. Train also muses on what happens to third-generation Old Money and appraises Harvard's management of the world's largest academic endowment, suggesting that Yale and Princeton do it better.
Copyright 1989 Reed Business Information, Inc.

Product Details

• Hardcover: 304 pages
• Publisher: Harpercollins; 1st edition (October 1989)
• Language: English
• ISBN-10: 0060159669
• ISBN-13: 978-0060159665
• Product Dimensions: 7.9 x 5.3 x 1 inches
• Shipping Weight: 6.4 ounces
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #279,096 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

0 of 2 people found the following review helpful:

5.0 out of 5 stars The New Money Masters by John Train, November 13, 2003

By 

Joseph S. Maresca "Dr. Joseph S. Maresca CPA,... (Bronxville, New York USA) - See all my reviews
(HALL OF FAME REVIEWER)    (TOP 1000 REVIEWER)    (REAL NAME)   

This review is from: The New Money Masters: Winning Investment Strategies of Soros, Lynch, Steinhardt, Rogers, Neff, Wanger, Michaelis, Carret (Hardcover)

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.