New Money Masters [Abridged, Audiobook] [Audio Cassette]

John Train (Author), Steve Post (Reader)

Book Description

Publication Date: October 18, 1990

This follow-up to Train's bestseller The Money Masters profiles the 1980's most brilliant and successful investment wizards and presents their methods and strageties.

Editorial Reviews

About the Author

John Train founded Train, Smith Investment Counsel and is chairman of Montrose Advisors, both of New York. His bestselling books on investing include The Craft of Investing, The Money Masters, The New Money Masters, and The Midas Touch. He has written several hundred columns for The Wall Street Journal, Forbes, The New York Times, Harvard Magazine, The Financial Times, and other publications. He is a part-time director of two independent government agencies reporting directly to Congress and of several emerging market mutual funds. He lives in New York, spends summers in Maine, and travels frequently to Europe, Asia, and South America. --This text refers to an out of print or unavailable edition of this title.

Product Details

• Audio Cassette
• Publisher: HarperAudio (October 18, 1990)
• Language: English
• ISBN-10: 155994272X
• ISBN-13: 978-1559942720
• Product Dimensions: 7 x 4.5 x 0.8 inches
• Shipping Weight: 3.4 ounces
• Average Customer Review: 4.2 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #2,079,277 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

14 of 14 people found the following review helpful:

4.0 out of 5 stars Good but nothing mind blowing, February 26, 2002

By 

Dan E. Ross "Dan Ross" (Frisco, Tx USA) - See all my reviews
(REAL NAME)   

This review is from: The New Money Masters (Paperback)

If you want to read a concise book about the investment styles and philosophies of recent great investors this book might be the one for you. Any student considering asset management as a career should read this one as well as The Money Masters, its predecessor.

I would encourage everyone to understand the difference from this book and its predecessor. This book is primarily focused on investors that became household names in the 1980s such as: Jim Rogers, Michael Steinhardt, Philip Caret, George Soros, George Michaelis, John Neff, Ralph Wanger, and Peter Lynch.
The prior book, The Money Masters, deals with Golden Age investors who, for the most part, attained their reputations prior to the crash of 1973 and 1974.

Both of Train's books are in the form of interviews he has with them. Train's writing is crisp and entertaining, and his interviews uncover many pearls of wisdom applicable to any investor's philosophy.

The biggest brand name interviewed here, for most, is Peter Lynch who ran Fidelity's flagship Magellan fund. Lynch pioneered a consumer approach to the investing process and invested using a hybrid of the growth and value style that has come to be known within the industry as GARP, standing for Growth At A Reasonable Price. Both Soros and Rogers have fairly interesting ideas about the nature of investing and the sentiment behind it. Both of them worked at Soros' Quantum Fund, which was the largest and most successful hedge fund for decades and left both of them extremely rich.

If anyone is interested in books on the people behind the financial industry read Money Masters, New Money Masters, Predators Ball, Money Culture, Den of Theives and F.I.A.S.C.O. 25 Investment Classics and Goldman Sachs: the Culture of Success are other notable books. I gave the book 4 stars because, while it was very concise and well written I didn't find any information within the book that was of great help to me. It was entertaining and informative but not ground breaking or made me say "AH HAH" or have that light bulb go off in my head.

9 of 9 people found the following review helpful:

5.0 out of 5 stars Excellent Follow-up to The Money Masters, January 1, 1999

By A Customer

This review is from: The New Money Masters (Paperback)

The New Money Masters by John Train is the successor to his first book and is just as informative.  Investors covered include the following: Jim Rogers, Michael Steinhardt, Philip Caret, George Soros, George Michaelis, John Neff, Ralph Wanger, and Peter Lynch.  Outstanding investing is the result of a disciplined mental process. It is time well spent to learn how these investors think.

5 of 5 people found the following review helpful:

5.0 out of 5 stars Intriguing and Simple, July 20, 1998

By A Customer

This review is from: The New Money Masters (Paperback)

The New Money Masters provides interesting and insightful backgrounds of the most well renowned investors on Wall Street. Describing their tried and tested techniques and methodologies, you are left to appreciate a multitude of differing opinions and options to consider for your own investment opportunities. Each 'Master' has been illustrated in a chapter, with additional statements and transaction records included in the appendix. Overall, 'The New Money Masters' is a piece of literature that will be a pleasant and invaluable read for any investor, experienced or basic.