Essential Stock Picking Strategies: What Works on Wall by Daniel A. Strachman
By Daniel A. Strachman
Compliment FOR crucial inventory choosing options
"This publication lays the basis for figuring out the worth of long term making an investment and the significance of figuring out who's handling your cash and what they're doing with it."
–Mike Cacace, Senior Editor, Fortune journal
Essential inventory identifying concepts does precisely what it says within the name: it tells you, in a transparent and easy-to-understand demeanour, what works on Wall highway and why it really works. It offers nice perception into the mutual fund and the way funds managers operate."
–Beth Piskora, funding Editor, the hot York publish
"Essential inventory determining concepts explores the human aspect of the cash administration enterprise. It presents the reader with an enticing examine how portfolio managers really make funding decisions."
–Frank Kelly, handling Editor, funding information
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Additional info for Essential Stock Picking Strategies: What Works on Wall Street
ESSENTIAL STOCK PICKING STRATEGIES Surgeons are good surgeons because they went to school and they practice, and the same can be said for money managers. Managing money needs to be taken seriously, and the only way to do so is to focus on it and it solely as a doctor does surgery. And just like some surgeons are better than others, I believe some money managers are better than others. Therefore, I have chosen people to proﬁle in this book who I believe are a step above most. These are not the best money managers on the face of the earth, nor are they going to be right every time.
Schultheis believes that for an individual investor owning the stock forever may make some sense, but as a portfolio manager, owning 3 or 4 percent of the company forever is not going to help meet her goals. “It is not about owning a stock or not owning a stock; it is about how much you own at any given period,” she said. “In large-cap, for example, everybody knows what the great names are. ” She does not start the research process by looking to see whether the stock is cheap, but rather by studying the environment for the particular sector.
My goal is to beat my benchmark, as well as to be in the ﬁrst quartile of my competitive group in terms of performance every year,” she said. ” This being the case, she believes that often her performance may not look so good in absolute terms but in relative terms she feels she is doing quite well. For example, in October 2001 one of her funds was down about 20 percent for the year. That is a poor result in absolute terms, but compared to the S&P 500, which was down 30 percent for the year, her performance was quite good.