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From February 2001 through March 2010, an investment in a well-run index fund like Vanguard Total Stock Market would have earned you an annual return of less than 2%. The same investment in Warren Buffett's Berkshire Hathaway would have netted 6.25% on average per year. Had you invested in Mike Koza's portfolio, your total return would have averaged 34% per year.
Who's Mike Koza? He's a civil engineer for the Sacramento County Department of Waste Management. He's also one of a growing number of armchair investors taking control of their investment portfolios and routinely beating the Street's biggest names. The Warren Buffetts Next Door is Mike Koza's story, and the stories of nine others like him. And it's your guidebook should you decide to take control of your financial future.
In The Warren Buffetts Next Door: The World's Greatest Investors You've Never Heard of and What You Can Learn from Them, Forbes's Matthew Schifrin provides case studies of ten successful investorseveryday peoplewho are investing in themselves, and in the process, experiencing extraordinary returns. Schifrin details their personal stories, along with their investment strategies, trading philosophies, and rules for investing. You'll learn about:
Christopher Rees, who spent close to thirty years of his life roaming from one town to the next working at any job that would pay him enough to continue his travels. Since October 2000, his investments have seen an average annual return of 25% versus 0.21% for the S&P 500
Jack Weyland, a former truck driver whose average annual return since July 2002 is 36% vs. 7% for the S&P 500
Alan T. Hill, a retired educational software executive whose cumulative return since July 2005 is 1,026% vs. 28% forthe S&P 500
There are more than fifty million online investors. Many of these "amateurs" are achieving professional results without the professional commissions. Their names may never be on the level of a Buffett or a Bogle, but people like Koza, Rees, Weyland, and Hill aren't out to make a name for themselves. They're out to make enough money to enjoy a lifestyle of their choosing. And that's exactly what they're doing. And with The Warren Buffetts Next Door, it's what you can do, as well.
The only real prerequisite to becoming a good investor is committing the time to educate yourself. The Warren Buffetts Next Door offers timeless advice and inspiration for any investor hoping to profit by investing in themselves.
The title and description of this book are misleading. These "investors" didn't invest with real money. They are virtual investors who played an internet investing game. Read morePublished 2 months ago by Charles Kincade
Successful entrepreneurs detail how they achieved results. A valuable asset for any trader.Published 2 months ago by Amazon Customer
still reading it, trying to get an insight into the stock market.Published 2 months ago by Grandma P.
Very practical approach for investing. The only thing I would recommend is that readers should be warn regarding the risks implicit when buying stocksPublished 6 months ago by Martin S Panizza
These 'different Buffetts each have their own Value Investing method. I learned a lot from studying 2-3 of these people, especially Kai Petainan from UMich'Published 7 months ago by Sunil V. Kololgi