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Showing 1-6 of 6 reviews(Verified Purchases). See all 17 reviews
on January 28, 2016
The author does cover the background and general investing techniques of investment legends but it felt as though the author wrote the book really as an endorsement and promotion. The author owns a website where you have to pay to use the the screens and techniques outlined, they also are a registered investment advisor firm (ie they want you to invest your money with them), and they even have their own ETF that they started (an ETF is like a mutual funds but traded like a stock). So, if you want background info on investment legends and some (definitely not all) of their screening criteria then the book is a decent read. Many times in the book it'll say: this is one way this guru chose investments, if you want more info go to my website...which leads to the aforementioned.

I also found it interesting that the author discusses in the introduction that professional investors almost always underperform the market yet the authors company has paid investment website, their own ETF fund, sub-advises to a mutual fund, and has financial advisors sell their managed accounts. Although performance is admittedly short on their ETF, as of end of 2015 as well as the date I write this 1/28/2016 the ETF has underperformed on every timeframe there is including since inception, YTD, and 1 year. As someone that says not to use professionally managed money it seems ironic that they have their hand in making money from investors in so many different areas.
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on March 23, 2013
I've held my own as an investor/trader for years and collected a large library of trading and investing books. This book is simply superb. It is shorter than many, has good factual and statistical backup regarding results, and you don't need an MBA to use it.

The authors have analyzed and simplified the methods of ten famous investors having successful long term records. They have developed an approach to combining these methods in a number of ways, including their own proprietary combination. This book is not for daytraders but is appropriate for position traders and longer-term investors.

There is a nice bonus. Having the book allows you to sign up for the free portion of the authors' valididea.com web site. There, you can see up-to-date ideas using the techniques of the famous and successful investors analyzed in the book.

The other reviews here do a good job of summarizing the key points and the pros and cons of the book. So, keeping this short, I recommend buying this book. You might also benefit by reading this together with "Trade Like an O'Neil Disciple" by Gil Morales, which I have also reviewed.
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on August 20, 2012
A great book, that shows there is no single holy grail of investing. On the other hand there is more than 1 way to beat the market in the long term. You have to do the math. Things book explains different ways of calculating whether to buy or to sell.

Edit: Since reading this book, I've read a lot of others on investing (+/-30). This one might be the best. Highly recommended as well as the author's Validea site and Google "guru analysis Nasdaq" for his analysis there.
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on October 24, 2009
Warren Buffet's partner Charlie Munger once said, "You've got to have mental models in your head". John reveals to us in one book the diverse styles of some of the greatest investors who ever lived, all having achieved the same outcome---beating the market. A holistic approach to quantifying the seemingly unquantifiable, John's research into these famous investors makes the book a fantastic read, giving us the much needed mental models to beat the market. Great book!

Jim Didato
Real Estate Broker
Connecticut
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on March 15, 2012
This is an enjoyable discussion of the top guru strategies and a definition by which they are included. The web site portfolios do not strictly follow the rules of all strategies, but neither does any other site I have visited with guru portfolios.
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on June 5, 2013
Goes over the strategies of guru investors and how they can be reduced to rules. But the book is full of padding. If you're a beginning investor something like "The Little Book That Beats the Market" is probably better, and if you're more experienced "What Works on Wall Street" is probably better.
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