An experienced Australian fund manager explains how the share
market can be a fun and simple place to operate if you take the
right approach.
The share market is awash with new opportunities to profit
everyday as millions of shares in thousands of companies change
hands. Even if half of your decisions go wrong you still have a
genuine chance of generating a profit like the pros – it
really is the easiest game on earth! Despite all of this the share
market has lost its appeal for many people since the onset of the
GFC.
In Bulls, Bears and a Croupier Matthew Kidman explains
why a new bull market, with the potential to increase stock prices
tenfold, is just around the corner and readers need to prise open
their wallets.
With more than a decade of experience as a professional fund
manager, Kidman deconstructs the share market, explodes the myths
and turns traditional thinking on its head to show new and
experienced investors alike that the share market can be a lot of
fun and you can make a lot of money. You just have to know how!
Cuprins
About the author vii
Acknowledgements ix
Introduction xi
Prologue: the croupier’s story xvii
Part I The wonderful sharemarket
1 The pitch 3
2 The gun investor 15
3 No training and no idea 25
Part II Building the foundations
4 Who are you? The road to discovery 31
5 Creating your own Wall Street 47
6 The nine rules of success 61
Part III Ready, set, go!
7 Finding stocks that go up 81
8 Primary school numbers 95
9 Margins, ratios and all that jazz 119
10 All companies are different 135
11 The perfect company 153
12 Trophy cabinet to rubbish bin 169
13 Don’t fight momentum 183
14 Traps 189
15 The mystery of management 203
Part IV Exploding the myths
16 Skin in the game 219
17 Look for the catalyst not the company 233
18 Old and past it 253
19 Smart money – bad results 259
20 Other myths 267
Part V Are professionals better?
21 Professional versus punter 277
22 Money managers, money makers 297
Part VI When does a bull become a bear?
23 Is this a bull or a bear? 311
24 History has the answers 317
25 Where are we in 2011? 331
26 Get ready to touch the sky 347
Epilogue: our former croupier 363
Final word 365
Index 369
Despre autor
Matthew Kidman worked as a journalist at The Sydney Morning Herald covering media, telecommunications and commercial property. In 1997 he was appointed investment editor of the newspaper, with responsibility for all company coverage. He joined funds management outfit Wilson Asset Management in 1998 and over a 13-year period served as an analyst and portfolio manager. In 2003 he was appointed to the role of chief executive officer of the group. Wilson Asset Management specialises in small capitalisation companies and its flagship fund – WAM Capital – over a 12-year period delivered a return of more than 18 per cent per year, compared with the benchmark 8 per cent of the All Ordinaries index. Matthew is also the co-author of two bestselling books: Masters of the Market and Master CEOs.