How to find companies with high long-term value by understanding key trends
Warren Buffett once said that his favorite holding period for a stock is “forever.” Now James Altucher shows how to find “forever” stocks—ones you can safely buy and hold for at least twenty years. These companies will profit from broad demographic trends and can ride out any short-term market fluctuations.
For instance, Altucher says it’s smart to invest in: Obesity: 33 billion dollars are spent each year on services for the obese Dirty Water: Developing countries are finding it much harder to deliver clean water to their growing populations, and companies that sell clean water treatment technologies will thrive Luxury: The rich are recession-proof, and the stocks of luxury producers make a great hedge against any slowdown in the global economy
The Forever Portfolio shows investors how to build a strong, consistent, long-term portfolio, diversified enough to withstand the various cycles of the market.
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James Altucher is president and founder of Stockpickr LLC, which runs a thriving Web site that has been called the “MySpace for finance.” He is also a managing partner at the asset management firm Formula Capital, a columnist forThe Financial Times, a frequent guest on CNBC, and a nationally ranked chess master.
James Altucher is a writer, successful entrepreneur, chess master, and investor.
He has founded over 20 companies and sold some of them for large exits. He has also run venture capital funds, hedge funds, angel funds, and currently sits on the boards of many companies.
He has written and been profiled in most major national media publications like the Wall Street Journal, The Financial Times, CNBC, Forbes, and Business Week.
His blog, which began by detailing Altucher's precipitousfall from wealth and success to absolute rock bottom and then back to wealth, has attracted more than 10 million readers since its launch in 2010, and in 2011 inspired a comic book.
The premise of the book is quite interesting---what are fundamental trends with significant tail wind? And, indeed, the author throws out some interesting ideas, like varicose vein treatments in response to obesity problems. That said, the book is horribly written---the author has about 20 pages of interesting content interspersed with 200 pages of random digressions, about his love of computer games and the longest words in the English language.
This is a good book and i respect James efforts to steers us towards respectable companies. However, as a standalone book it leaves much more to be desired. The students of trading need to revisit the writings of Toby Crabel and Linda Raschke in order to learn from real traders and hedge fund managers. These could be found here or on Ebay. From what i understand James does not trade full time.
I like the basic idea of the book that time is one advantage individual investors have. Unfortunately, I found the book superficial. The author is on to something but does not develop his thoughts well enough for the reader to take away a truly useful framework for investing.
