The New Money Masters (Paperback)

~ John Train (Author)

Editorial Reviews

Product Description

John Train's The Money Masters is one of the most widely read investment books in history. In The New Money Masters, Train describes the technique of today's investment wizards, from Peter Lynch to George Soros. Revealed are the advantages of over-the-counter issues, the best ways to invest in foreign stocks and in newly industrialization countries, how the masters determine when the market is too high or too low, and how to lay out the key facts about a company in order to understand it most easily.

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.

Product Details

• Paperback: 400 pages
• Publisher: HarperBusiness (September 1, 1994)
• Language: English
• ISBN-10: 0887306373
• ISBN-13: 978-0887306372
• Product Dimensions: 7.8 x 5.3 x 1 inches
• Shipping Weight: 11.2 ounces
• Average Customer Review: 4.2 out of 5 stars  See all reviews (6 customer reviews)
• Amazon.com Sales Rank: #440,350 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

11 of 11 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)

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.

8 of 8 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

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.

4 of 4 people found the following review helpful:

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

By A Customer

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.