The Big Money
Seven Steps to Picking Great Stocks and Finding Financial Security
- 320 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
The Big Money
Seven Steps to Picking Great Stocks and Finding Financial Security
About This Book
In The Big Money veteran stock picker and mutual fund manager Fred Kobrick draws on his decades of success to explain his Seven Steps to financial security in any investing climate. Kobrick shows investors how to find the high-quality stocks that will make them wealthy. A stock portfolio needs only a few stocks that appreciate in value ten or twenty times, or one or two stocks that appreciate in value a hundred times or more. Kobrick describes how he found some of his most successful stocks simply by looking carefully at the products and services that customers and investors love, and recognizing the great business models that create repeatability, the ability to keep producing success. This is a timeless approach, so what works with Microsoft, Dell, or Home Depot will work with Google and even newer companies. Kobrick explains that the average investor should not try to emulate a stock analyst or a technician to find great stocks that will generate great wealth. Instead investors must recognize great companies early -- by understanding their business model, identifying their assumptions, recognizing their business strategy, and evaluating their management. Kobrick calls those four factors BASM, and they are the cornerstone of his investing philosophy. Great managements grow companies and earnings, driving stock prices higher. Kobrick also offers some tried-and-tested ways to know when you have a winner you should hold, and when you should sell. Throughout the book Kobrick describes some of his biggest successes -- as well as a few stocks he missed. His stories about these companies are insightful and frequently entertaining. In bull and bear markets, from retail to high tech, Kobrick has prospered. His stories and his Seven Steps to financial success will show investors what they need to know to do the same thing -- prosper in any investing climate. No serious investor can afford to be without this book.
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INDEX
Table of contents
- Cover
- Colophon
- Title Page
- Copyright
- Dedication
- Contents
- 1Anyone Can Become RichOne Stock, BASM, and the Seven Steps
- 2Know What You OwnKnowledge
- 3Holding On to Become RichPatience and the Other Steps
- 4Buy and Sell DisciplinesUnderstanding Two Key Steps
- 5Stock PickingPutting It All Together
- 6ManagementThe Best Management Means the Best Stocks
- 7Bear Markets, Bubbles, and Market TimingHow to Invest in Different Environments
- 8Tech InvestingFrom Microsoft and Dell to eBay and Google
- 9Snake Oil: How to Protect Your Money from Liars and DummiesFraud, Liars, and Fools
- Epilogue: Down the Path to the Big Money
- Acknowledgments
- Index