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The Dick Davis Dividend: Straight Talk on Making Money from 40 Years on Wall Street
Description
What can you say about how to make money in the stock market that hasn't been said before? How many different ways can you say buy good stocks cheap, diversify, hold on, and control your emotions?
The Dick Davis Dividend doesn't avoid these basic concepts but it spotlights others, which are seldom discussed, that the author believes will strongly tilt the odds toward investors and give them a valuable edge. These are passionately held convictions expressed with unusual candor and clarity.
A pioneer in the financial media, Dick Davis has interacted with the investment public as a radio and TV broadcaster, newsletter editor, columnist, lecturer, and teacher for over forty years. With The Dick Davis Dividend, he continues this trend. The first part of the book contains an easy-to-read, yet profound discussion of the essentials of investing—focusing on the savvy veteran's often unconventional, core beliefs. For example, Davis pounds the table about the over-exaggerated value of homework, the irrelevance of news, the underappreciated durability of major trends, the predisposition of investors to fail, the curse of being totally and instantly informed, and the rarely acknowledged role of pure luck.
Davis' bluntly honest approach is reflected in some of the chapter headings: "Absolutely Nobody Knows the Answers," "There's Always an Exact Opposite Opinion," "The Market Is Always King," and "After You Buy It'll Always Go Lower."
The second part of this engaging guide makes a compelling case for combining both passive investing via index funds and active investing via stocks and mutual funds. Davis focuses on twenty-eight buy and hold, diversified, index fund model portfolios. Each one is recommended by a leading authority in the world of indexing. Included are the favorite index portfolios of Burton Malkiel, John Bogle, Ben Stein, Jonathan Clements, and twenty-four others. The wide selection of models makes a passive/active strategy easy to implement.
The Dick Davis Dividend is filled with in-depth insight and straightforward, practical advice labeled "timeless wisdom" by bestselling author Andrew Tobias. It is an uncomplicated explanation of how today's investor can meet the challenge of an unpredictable market and come out a winner.
Product Details
* Hardcover: 471 pages
* Publisher: Wiley (December 10, 2007)
* Language: English
* ISBN-10: 0470099038