The Book of Investing Wisdom

Abridged
Author: Peter Krass
Narrator: Peter Krass
Genres: Business, Finance
Publisher: Penton Overseas
Date: May 2000
Length: 3 hours
Ratings:
  • Book Rating: 2.5/5
Formats:
  • CD

Overview

Praise for The Book of Investing Wisdom.
"Those who invest well have an innate ability to distill abundant, raw information into the scarce commodity of wisdom. Here's how some of the best have done it down through the years."—David H. Komansky, Chairman and CEO, Merrill Lynch & Co., Inc.

"I personally knew moderately all the characters except Charles Dow. Any opportunity to learn more from such people is an opportunity that should not be missed."—Roy R. Neuberger, Senior Partner, Neuberger Berman Inc., and author of So Far, So Good: The First 94 years.

Charles H. Dow, Benjamin Graham, George Soros, Peter Lynch, Warren Buffett, Mario Gabelli, and Donald Trump. You won't find a seminar or lecture anywhere that boasts a panel quite like this—a group of the great stock-pickers and market gurus, both past and present, brought together to instruct you on the art of investing. The Book of Investing Wisdom offers you a unique insight into how these professionals and many others achieved financial success through intelligent investing—all from the comfort of your armchair. Never before have the writings of such a large and diverse group of brilliant investors been collected between the covers of a single book.

The Book of Investing Wisdom is an anthology of 46 essays and speeches from the most successful, well-known investors and financiers of our time. In their own words, these legends of Wall Street share their best investment ideas and advice. You'll hear from Bernard Baruch on stock market slumps, Peter Bernstein on investing for the long term, Joseph E. Granville on market movements, John Moody on investment vs. speculation, Otto Kahn on the New York Stock Exchange and public opinion, William Peter Hamilton on the Dow theory, and Leo Melamed on the art of futures trading, to name just a few. For easy reference, the 46 essays featured in The Book of Investing Wisdom are organized into eight categories, covering the nuts and bolts of analysis, investing attitude and philosophy, investing strategies, market cycles, views from the inside, lessons from notorious characters, insights from the Great Crashes, and advice beyond your average blue chip. Each essay is preceded by a brief introduction that provides intriguing and insightful background information about its author's life and career, and places the essay in historical perspective. Significant statements, inspiring thoughts, and even quirky bits of wisdom have been highlighted throughout the book to call attention to each contributor's most memorable ideas.

Offering practical advice, strategic wisdom, and intriguing history, The Book of Investing Wisdom will inspire and motivate everyone from the professional money manager to the do-it-yourself investor to the business student.

Pearls from The Book of Investing Wisdom.

"A group of lemmings looks like a pack of individualists compared with Wall Street when it gets a concept in its teeth."—Warren Buffett.

"A great patients' drug is one that cures an affliction once and for all, but a great investor's drug is one that the patient has to keep buying."—Peter Lynch.

"For those investors infested with quarterly measurements, a year can be the long run and five years is just about the outer limit."—Peter L. Bernstein.

"More money is probably lost by people who attempt to invest their money conservatively and sanely, but ignorantly, than is lost by those who enter into frank speculations."—John Moody

Reviews (5)

book of investing wisdom

Written by Alma Medina from Pemberton, NJ on July 30th, 2007

  • Book Rating: 1/5

was too much business and not personally related. i really didn't want to elaborate. simply didn't inpired or taught me anything. too much talking and not enough necessary everyday info.

Waste of time

Written by Anonymous on June 25th, 2007

  • Book Rating: 1/5

Although the various articles sound like they have a lot of deep insights in them, they all are either common sense or way too technical. For example, "Invest in companies you know" Wow there's an amazing insight. Another lovely waste of 30 minutes was the chapter on selling short, which tells you how wonderful it is for 29 minutes and then at the end says, "Selling short is only for professionals" Ha! so why bother telling me about it? anyway, don't rent this one.

Investor opinons

Written by Ermilo Gonzales III on December 20th, 2006

  • Book Rating: 3/5

This book was rather difficult to review. There are so many different view points on investing in this book. If you are looking for a central theme or idea, then this book is not for you. IF you would like to be exposed to different view points and styles, then this could be a great listen. PROS: Many view points, quick introduction of each investor. Cons: Not very thorouglh reviews, ideas are scattered about a puppy in the back yard.

Book of Investing Wisdom

Written by Anonymous from Burlington, MA on March 19th, 2005

  • Book Rating: 4/5

You need to have some background in financial tools to appreciate this book. If you are new to the world of financing and investing , do not listen to this tape while you are driving. You may fall asleep. It is good to hear from the people regarding how they made the riches. Most of the people did have a very modest beginning.

Book of Investing Wisdom

Written by Anonymous on March 15th, 2005

  • Book Rating: 2/5

Ho, hum. This one could not keep my attention. I quit listening halfway through.

Author Details

Author Details

Krass, Peter

"The legends are colorful and many. Jack Daniel, it is said, ran away to escape a broken home; was a teenager moonshiner during the Civil War; and hauled black-market whiskey, hidden under loads of meat, to the wild river port of Huntsville, Alabama, sneaking into town after midnight to avoid the sheriff and his deputies. Until now, however, no one has explained how this orphaned ""boy distiller"" went on to establish a legitimate business and create one of the most powerful and widely recognized brands in the world.

In Blood & Whiskey, renowned biographer and business author Peter Krass digs deep into the rich history of Lynchburg, Tennessee, to discover the origins and exploits of its most famous ? some say notorious ? son. What he finds is an ambitious and charismatic entrepreneur who combined a love of his craft and a natural talent for marketing with far-reaching vision and a fierce determination to succeed against all odds.

Packed with memorable accounts of run-ins with fervent teetotalers and corrupt tax collectors, as well as heartbreaking tales of struggle and privation in post-Civil War Tennessee, Blood & Whiskey tells a classic American success story with a distinctly Southern accent.


Peter Krass is the author of Carnegie, cited by Barron's as the ""definitive"" biography and selected by Library Journal as one of the best biography/business books of 2002. His other books include The Book of Business Wisdom, The Book of Leadership Wisdom, and The Book of Investing Wisdom."