Investing Against the Tide

This authoritative and accessible investment classic promises rare insight into what it really takes to run money in a top-performing investment fund.

Anthony Bolton, the UK's most successful stock market investor, tells the story of his contrarian approach to managing money. He provides invaluable lessons on the factors that really matter in picking a stock: the need to identify good managers, how to run a portfolio, the importance of value investing, reading charts and how to trade successfully.

Autorentext

Anthony Bolton is Britain’s best-known and longest-serving fund manager. He is a Fidelity Investment award winner, feted newspaper columnist and instantly recognisable financial name. Over twenty five years he delivered an exceptional annual return of 20% on his Special Situations Fund, compared with 7.7 % for the FTSE All-Share index.  His strategy, which blends analysis of a company’s books with quizzing the management and studying performance graphs, has an enviable track record. Anthony is an experienced writer, with a monthly column in the FT money section that is widely read.

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Contents

Acknowledgements

Letter about Mr Johnson – (Fidelity’s Founder)

Anthony Bolton’s Portfolio Management Assignments

Part 1 - Principles and practices from a life running money

1. Companies – what makes a good one, and how to work with them

2. Management – integrity and openness

3. Shares – looking at them and buying them

4. How to behave as an investor

5. How to hold and develop a portfolio

6. Finance, risks and balance sheets

7. Valuations, value growth, recovery and other favourite

8. Mergers, acquisitions and why it’s good to have your shares bought out

9. Trading and how to do it

10. Technical information and the importance of charts

11. Information and where to find it

12. The importance of brokers

13. How the markets really work

14. Some Observations on Performance

15. What makes a Good Fund Manager

Part 2 – Experiences and reflections from a life running money

16. Some memorable company meetings

17. Some of my best and worst investments

18. How the industry has changes

19. Some thoughts on the future of investment management