Now retired from mutual fund management, Neff shares here his investment strategies. This title contains advice and guidance for anyone who aspires to using Neff's brand of value investing. His diaries provide insights into the thinking behind some of his best (and worst) investment decisions

Autorentext

JOHN NEFF, until his retirement in 1995, was Senior Vice President and Managing Partner of the Wellington Management Company, the Windsor Fund's investment advisor. S. L. MINTZ is New York Bureau Chief of CFO magazine, a publication of the Economist Group dedicated to the latest financial thinking and how it is being implemented in today's markets. His other books include Beyond Wall Street (Wiley) and Five Eminent Contrarians.

Klappentext

Praise for JOHN NEFF on investing

"This book offers important insights into the methods and long-term rewards of 'value' investing. The serious investor will not want to miss this clear exposition of the successful Neff technique."-BURTON G. MALKIEL, Author of A Random Walk Down Wall Street

"A must read for anyone who is serious about investing."-JOHN REED, Chairman and Co-CEO, Citigroup Inc.

During his thirty-one years as portfolio manager of Vanguard's Windsor and Gemini Funds, John Neff beat the market twenty-two times while posting a fifty-seven-fold increase in an initial stake-making Windsor the largest mutual fund in the United States in the process.

Now, the "investor's investor" is ready to share the strategies that earned him international recognition. He delineates, for the first time, the principles of his phenomenally successful low p/e approach to investing, and describes the strategies, techniques, and decisions that earned him a place alongside Warren Buffett and Peter Lynch in the pantheon of modern investment wizards. Packed with advice, guidance, and invaluable lessons in investing, John Neff on Investing reveals for the first time the long-heralded investment strategies of a Wall Street genius.

Zusammenfassung
John Neff, recently retired as money manager of Vanguard's Windsor Fund, reveals how he flies in the face of--or creates--conventional investment wisdom, and expounds upon the techniques, approaches, and investment decisions that have won him recognition as one of the top five institutional investors in the world.

Inhalt

Foreword.

Preface.

Prologue: Citi Saga.

MY ROAD TO WINDSOR.

Journey East.

Grubbing It Out.

Basic Training.

Banker's Hours.

Baptism by Fire.

Taking Command at Windsor.

ENDURING PRINCIPLES.

Elements of Style.

The Bargain Basement.

Care and Maintenance of a Low P/E Portfolio.

A MARKET JOURNAL.

The Silly Season.

Four Yards and a Cloud of Dust.

The Right Stuff.

Good Guys Persevere.

Déjà Vu.

Epilogue: Rivers and Markets.

Appendices.

Index.