The world's 99 greatest investors : the secret of success / Magnus Angenfelt

Author : Angenfelt, Magnus
Rating :
The world's 99 greatest investors : the secret of ...

The main criteria the author set out was to find the best investors, persons with at least 25 years of documented track record. The author did a lot of manual screening, looking for the best investors in countries all across the world, judging thousands of investors and finally ending up with his selection of the best 99 globally. The detective work done is nothing but remarkable. By widening the search from the Anglo-Saxan World Angenfelt has found investors that most of us never heard of. And the caliber of their performance is staggering. On average these investors have beaten the market by 12 percent per year for 25 years and they manage on average 10 billion dollars, obviously quite an achievement. What I miss most in The Worlds 99 Greatest Investors would be even more details on why the top 99 were so successful, especially for those less known. Some of the portraits can be very short. Also, I would have liked a more strict interpretation of the rules set out, i.e. a documented long term track-record. Some of the top 99 have a so-so documented track record and why for example Vanguard’s Jack Bogle is among the chosen 99 is hard to understand.However, there are multiple gems to be found in the book and I am certain that everyone reading it will find themselves a new favorite investor and get a lot of inspiration. The range of successful investment styles is huge, so there is something for everyone.Here are some quotations from the book that I particularly appreciated.Ken Fisher of Fisher Investments, who has written a few very good books himself as well, highlights the following: “whatever you do today, it won’t work 10 years from now,

Publisher : Malmo : Roos & Tegner
Publish Year : 2013
Page : 254 p
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