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Invest With The House: Hacking The Top Hedge Funds Kindle Edition
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|Length: 271 pages||Word Wise: Enabled||
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Top Customer Reviews
Which explains why only a small number of top money managers outperform the market over the long term.
Would like to find out what these top investors are investing in now?
Did you know there’s simple way to find out what top hedge fund managers are betting on for free?
Invest with The House gives instructions on how to find out the favorite stocks of the world’s most successful money managers.
Meb Faber researched the top 20 money managers and 16 up and coming “tiger cubs”. He researched their stock picks from 2000 and tracked their results. He also reveals the current top 10 holdings of each of the managers as of November 2015. These managers are backed by companies filled with the smartest minds in investing, and the most resources dedicated to outperforming the market.
His method is to search through publicly available 13-F fillings that managers are required to file within 45 days, each quarter. While he acknowledges the limitations of this time lag, for managers taking long term positions, it is still a very useful way to find out what they are investing in.
Meb also describes each manager’s background and their investment philosophy. Almost all of the managers he profiled are value oriented and they focus largely on U.S. companies. You will find a lot of familiar names. Some managers have very concentrated positions in their top 5, while others hold hundreds of stocks.
I love numbers, so what I most enjoyed about this book is seeing the year by year track record for each of these managers. Many are spectacular. But none of them got through 2008 unscathed. They are all human!
It is interesting to find out that the biggest holdings weren’t the best performers. Meb also offers up a scenario of investing in these portfolios while hedging the market. This allows you to get most of the return with much less risk and a fraction of the draw down. Very intriguing!
Perusing through list of stocks, I was struck by many familiar names and commonalities among the portfolios. But there’s also quite a few, under the radar, stocks that I haven’t heard of. The profiled managers are prefer value and contrarian plays. So perhaps the best stocks are likely to be the ones that are still currently trading at cheap valuations. These are the stocks that the brightest investing minds are investing millions of dollars in.
One thing I would have liked to see is when these investments first appeared on their radar. Meb is quick to point that the biggest holding isn’t always the best idea, just the one that has appreciated the most. So I looked at all 36 portfolios and took out the top holdings. I found the second most commonly held stock is Priceline.
What is the most common? Check out the book! I highly recommend it.
Author raises a good relevant question and presents solid findings, just this writing could save a lot of time for readers if it was written like a research paper (that is essentially is) - executive summary followed by data for specific managers for those interested.
Most Recent Customer Reviews
but with that said I still know that he is much more intelligent than me and 99%of investors