The Ultimate Investor Great investment opportunities and ideas are emerging constantly, from cutting edge developments in derivatives markets to the explosion in internet investing. There is a seemingly inexhaustible supply of books, articles, speeches, websites and interviews offering analysis, advice and inspiration, with time as the most valuable asset of all how can smart investors absorb only the best and most profitable thinking? The Ultimate Investor is the answer. Influential investor and commentator Dean LeBoron has teamed up with best–selling investment writer Romesh Vaitilingam to produce a one–stop guide to the world’s greatest investment ideas and thinkers.
Introduction:
Is the volume you are holding in your hands — or reading on a screen — really ultimate? Well, of course not. But it is our intention to come as close as we can to getting to the key ideas in modern investment and the people who have them and use them. And to make it as comprehensive as we know how.
We only know the ultimate after the fact. And then new features come along, yet to be time-tested, which might prove to be part of a new ultimate. So, like the trace of a particle in a cloud chamber, by the time we see it, the particle has passed by. Our view of ultimate has to be colored by our times. The role of the observer determines the experimental outcome, another thought taken from the physical sciences.
We have tried to approach a moving target as best we can, treating thirty ideas and thirty-plus people. The ideas are not neatly bounded so that they exist without important and active relations with other elements. Rather, they are part of the market soup, boiling and vibrant, which is constantly evolving in the interplay of mathematics and personalities. We can pretend that each element is distinct only for the purpose of descriptive analysis. But, in the end, each market instant and each investor has to reassemble the pieces to grapple with our task of forecasting imponderable outcomes.
We have tried to simplify the ideas, at times borrowing from the writings of the personalities or gurus who are associated with the ideas — and borrowing from the ideas of others. None of us as investment students and practitioners lives in isolation: we are all part of the mosaic being analyzed, shard by piece. At times, we may seem glib and cavalier. It is merely in our attempt to be concise about things that defy precision.
So now that we have started with our limitations, what will we be doing to merit your attention? Answer: give you a grounding in the ideas and people who have brought us to today’s market understanding. These people have also shaped tomorrow’s market. They might not know it yet but they — and others we have omitted or do not know — set the base for innovation. You need to know them and their work. They are your investment future — at least your future in ways we try to understand for you.
Contents:
- PROLOG
- THE PROMISES MEN LIVE BY
- INVESTMENT INSIGHTS: CHANGING STYLES ACROSS TIME AND SPACE
- INVESTMENT IDEAS AND THEIR GURUS
The Ultimate Investor: The People and Ideas That Make Modern Investment By Dean LeBaron and Romesh Vaitilingam pdf
