Investing legend Warren Buffett once said that ‘success in
investing doesn’t correlate with I.Q. once you’re above
the level of 125. Once you have ordinary intelligence, what you
need is the temperament to control the urges that get other people
into trouble in investing.’
In an attempt to understand exactly what kind of temperament
Buffett was talking about, Ronald W. Chan interviewed 12
value-investing legends from around the world, learning how their
personal background...
Investing legend Warren Buffett once said that ‘success in
investing doesn’t correlate with I.Q. once you’re above
the level of 125. Once you have ordinary intelligence, what you
need is the temperament to control the urges that get other people
into trouble in investing.’
In an attempt to understand exactly what kind of temperament
Buffett was talking about, Ronald W. Chan interviewed 12
value-investing legends from around the world, learning how their
personal background, culture, and life experiences have shaped
their investment mindset and strategy. The Value Investors:
Lessons from the World’s Top Fund Managers is the
result.
From 106-year-old Irving Kahn, who worked closely with
‘father of value investing’ Benjamin Graham and remains
active today, and 95-year-old Walter Schloss (described by Warren
Buffett as the ‘super-investor from
Graham-and-Dodsville’), to the co-founders of Hong Kong-based
Value Partners, Cheah Cheng Hye and V-Nee Yeh, and Francisco
García Paramés of Spain’s Bestinver Asset
Management, Chan chose investment luminaries to help him understand
the international appeal – and success – of value
investing. All of these men became strong advocates of the approach
despite considerable age and cultural differences. Chan finds out
why.
In The Value Investors, readers will also discover how
these investors, each of whom has a unique value perspective, have
consistently beaten the stock market over the years. Do they share
a trait that allows this to happen? Is there a winning temperament
that turns the ordinary investor into an extraordinary one? This
book answers these questions and more.
