The Entrepreneurial Investor: The Art, Science, and Business of Value Investing

The Entrepreneurial Investor: The Art, Science, and Business of Value Investing

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Overview

The Entrepreneurial Investor will inspire you to treat investing like a business and to think of yourself as an owner. Through solid examples and a light narrative, Paul Orfalea skillfully explores the essence of the entrepreneurial investor, which includes balancing the art and science of this discipline, and viewing investing itself as a business. Along the way, he also examines how the elements of focus, opportunism, and involvement can improve your overall investment results.

Product Details

ISBN-13: 9780470227145
Publisher: Wiley
Publication date: 12/10/2007
Pages: 192
Product dimensions: 6.30(w) x 9.30(h) x 0.80(d)

About the Author

PAUL ORFALEA is the founder of Kinko's and cofounder of West Coast Asset Management (WCAM). He holds a business degree from the University of Southern California and has been investing successfully for more than forty years.

LANCE HELFERT is President and cofounder of WCAM. Previously, he oversaw a $1 billion portfolio at Wilshire Associates. Helfert has a BS in business administration from Pepperdine University.

ATTICUS LOWE is a CFA charterholder and Chief Investment Officer of WCAM. He has a BA in economics and business from Westmont College.

DEAN ZATKOWSKY is the former vice president of marketing at WCAM and oversees their newsletter, Exclusive Outlook (please visit www.wcam.com to subscribe). He holds a BA in communication studies from the University of California, Santa Barbara.

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Table of Contents

Foreword
by Neil Cavuto vii

Introduction: Is Investing an Art or a Science? xi

Part I: Think Like an Owner: The Art of the Entrepreneurial Investor 1

Chapter 1 Eyes Believe What They See; Ears

Believe Others 3

Chapter 2 Others’ Irrationality Is Your Opportunity 9

Chapter 3 Dirty Harry’s Investment Philosophy 13

Chapter 4 Adversity in Diversity: Portfolio

Concentration 17

Chapter 5 Just Buy the Best (Which Does Not

Include Most Mutual Funds) 21

Chapter 6 Inspirational Figures: Benjamin Graham 27

Part II: Companies Worth Owning 33

Chapter 7 Who Really Manages The Brand?

(Hint: It’s Not the Company) 35

Chapter 8 What Makes You So Special? 39

Chapter 9 Company Culture Is More Important than Ever 45

Chapter 10 Bogie & Bergman Explain

Elasticity of Demand 51

Chapter 11 Red Flags and Roaches 57

Chapter 12 Inspirational Figures: David Packard 65

Part III: The Owner’s Manual 71

Chapter 13 Televised Advice: No Worse than

Drilling Your Own Teeth 73

Chapter 14 Lies, Damned Lies, and

Financial Statements 79

Chapter 15 How to Be an Annual Report Detective 85

Chapter 16 How Inventory Can Skew the Financials 91

Chapter 17 Great First Impressions: 10 Signs of a Strong Company 99

Chapter 18 Inspirational Figures: Bernard Baruch 105

Part IV: What’s It Worth—To Me? 111

Chapter 19 The ABCs of Market Ineffi ciency 113

Chapter 20 “Wait Till the Moon Is Full” 119

Chapter 21 Today’s Price for Tomorrow’s Growth: The X Factor 123

Chapter 22 The Long View, and Why Women Are Better Investors 129

Chapter 23 Intrinsic Value: Putting it All Together 139

Chapter 24 Inspirational Figures: Howard Hughes 147

Epilogue: The Fortune Cookie That Ate Wall Street 153

About the Authors 157

Notice and Disclosures 159

Notes 163

Index 167

Contents

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The Entrepreneurial Investor: The Art, Science, and Business of Value Investing 3.7 out of 5 based on 0 ratings. 3 reviews.
Guest More than 1 year ago
I recommend this book because it was written with humor, but invaluable information for strategies to view any company that is worth considering your investment. I have rarely read a book that is so packed full of solid business considerations for investing. I especially liked the chapter that gave 10 signs of a strong company.
sundaraz on LibraryThing More than 1 year ago
I was a little disappointed with the over simplified content. It felt that the authors wanted to share their thoughts on investing but weren't really committed to a well thought out book. All said, it is an easy to understand summary of value investing and would be really helpful to novice investors. Below are some key points from the booka. Think about stock as an ownership in a business and not like a piece of paper. Pretty much evident from the topic of the book.b. Diversification for distributing risk is really lazy investing that produces mediocre results. That's what mutual funds do.c. Individual investors could really beat the market with some discipline and home work.A lot of good ideas strewn here and there but not really elaborated well. That's why I'd like to call this book a summary of a lot of good ideas, but not a book to study and understand any of these in detail. May be that was the authors' motive, to keep it simple and introduce people to these great ideas.
Anonymous More than 1 year ago