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John Neff Made Investors 57 TIMES Their Money

By Dr. Steve Sjuggerud
Wednesday, August 31, 2011

"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..."
 
Do you want to learn how to make a fortune through investing?
 
I will tell you how today.
 
The great thing is, the BEST way to learn to make a fortune through investing is also the CHEAPEST way. I'm serious... 
 
I've learned about investing every possible way. I've done each to the extreme: 
  • I went the academic route... getting a finance degree, an MBA, and even a Ph.D. in this stuff.
  • I went the hands-on Wall Street route... as a broker, a research analyst, a trader for a mutual fund, and a hedge-fund manager.
  • I went the boots-on-the-ground route... I've kicked tires from Iceland to China to Argentina, investigating opportunities. 
I have learned in every method possible. Literally hundreds of thousands of dollars have gone into my investing education... from school tuition to world travel.
 
While I'm thankful for the experience, I can confidently say you don't need to do all that stuff.
 
The best investing education is also the cheapest education...
 
You must learn from the best.
 
It's easy to do this. And it costs you next to nothing.
 
Find the guys out there, like John Neff, who outperformed the markets for decades. And learn from them.
 
Simply read books by investing masters or books that are full of interviews with investing masters.
 
Learn from the guys who actually succeeded – not from textbooks or from journalists writing investing books. Stick with guys who really made money. For me, the key is that the investing "master" needs to have been successful over a very long period of time.
 
You have plenty of masters to choose from. Here are a few books from the masters that I learned from below. You can buy most of these books used on Amazon for next to nothing: 
Once you've read these, you'll have an outstanding base of knowledge... a solid foundation. It doesn't take long to do this.
 
Then you'll have hundreds of years of experience (cumulatively) to draw from, as you decide what to do with your own money. With this knowledge, you'll be instantly better off than most anyone you know.
 
We have seen it all before in the investment world. And it's all in those books.
 
For example, the banks are in trouble today... But they were in trouble in 1991, as well. Investing master John Neff wrote about it in his book On Investing. You could replace "Citibank" in his story below with any major U.S. or European bank today: 
Most investors feared for Citibank in May of 1991. Amid real estate problems galore, and on the heels of cleaning up disastrous loans to developing countries, Citi's prospects were bleak. Billions of dollars had been set aside to cope with bad real estate loans... Other banks were recovering from similar problems.
 
At Windsor, after weighing Citi's situation carefully, we decided this was a good time to buy... We endured the slings and arrows, and the outcome eventually brought sweet vindication and very handsome returns.
If you want to become a great investor, learn from the greats. As you read, you'll find similarities (for example, all the Market Wizards but one used trailing stops). You'll want to adopt those behaviors. When you find different solutions to the same problem, go with what makes sense for you.
 
Once you've read enough from the masters, you'll start developing your own beliefs and convictions about what works in investing. And that is when you're on your way to making the big money... when you're acting with your own thoughts, based on your cheap "masters" education.
 
The best way to learn how to make a fortune in investing is not through day trading, or watching CNBC, or getting a college degree in it. The best way to learn how to make a fortune is to learn from those who've actually done it. It's cheap and easy, and it's the right way to do it...
 
So buy some of those books now, and get on your way to building that fortune.
 
Good investing,
 
Steve




Further Reading:

Find a few tips we've picked up from the "masters" here:
 
I learned about mastering the loser's game in Charles Ellis' classic book...
 
My boss is the smartest guy I know... I'm not just saying it because he signs my paychecks. Seriously, I mean it. He does things most bosses don't do. It's made him a wealthy man.
 
The most successful investor in history teaches us the one and only thing any investor has control of in any investment transaction...

Market Notes


ONE OF THE ULTIMATE "BOOM AND BUST" TRADING VEHICLES

The big financial debate right now: Is the U.S. headed for another big recession? Or is the glass "half full"?
 
We'll leave macro forecasting to others. Even the best analysts get it right about 51% of the time. But we can offer up a trading idea that will do well if the world doesn't absolutely go to hell. It fits into our "bad to less bad" trading model. Our trade is to buy steel.
 
Companies that produce steel used for building skyscrapers, cars, bridges, and power lines are among the greatest "boom and bust" assets in the world. They soar and crash as the global economy fluctuates. The thin profit margins these companies sport add to their extreme volatility.
 
For a picture of this volatility, note the past seven years of trading in the world's largest steelmaker, ArcelorMittal (MT). During the speculative run up of 2006-2008, MT soared... more than tripling in share price. It then suffered an incredible crash during the credit crisis. Now note the far right side of the chart. Dumped by nervous investors, MT has plummeted 40% in the past two months. A decline this large "prices in" a lot of bad news... and often sets up big "bad to less bad" rallies.

The

In The Daily Crux



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