The Warren Buffetts Next Door
How 10 ordinary people consistently achieve extraordinary returnson their investments (and how you can, too).
There are the famous investors whose names you knowBuffett, Bogle, Soros, Lynch, and Templeton. And then there are the Warren Buffetts next door, those successful investors you′ve never heard ofRees, Krebs, Koza, Petainen, and Weyland. The Warren Buffetts Next Door describes how these "regular" peopletractor–trailer drivers, radio DJs, and college dropoutsutilize an armament of online information, tools, and resources to routinely outperform professional brokers and Wall Street′s Ivy Leagueeducated investors.
"Matt Schifrin has written one of the most unusualand usefulinvestment books you will ever find. Instead of trotting out some supposedly surefire formula on how to get rich, Matt has chronicled the successes of ten individuals you have never heard of."
From The Foreword By Steve Forbes
"Matt Schifrin′s inspiring, easy reading, and eye–opening The Warren Buffetts Next Door shows that exceptional investors come from the wide ranks of normal lifejust with intelligence, drive, focus, and commitment. They aren′t Wall Street trained and operate solely for themselves in wildly different ways and could be youif you just learn what they have to teachwhich Matt gives you."
Ken Fisher, 25–year Forbes columnist, New York Times bestselling author, and founder and CEO, Fisher Investments
"Matt Schifrin′s Warren Buffetts Next Door is living proof that the Internet has become a game–changer for many individual investors. It also should send a loud warning to established Wall Street firms."
Om Malik, founder, GigaOM
"I like the stories, I like the people, and I like the ′how to,′ which cover many facets of the investment horizon. The Warren Buffetts Next Door is a successful interplay of how individuals have combined a passion for investing into profitable investing."
Mario Gabelli, founder, Chairman, and CEO, GAMCO Investors
"A first–class reporter, Matt Schifrin has cracked the code on a small group of do–it–yourself investors taking direct aim at Wall Street′s biggest brokers. Their unique styles may not be replicable, but the zeal with which they pursue their passions is."
Daniel P. Wiener, Editor, The Independent Adviser for Vanguard Investors
Introduction: Thou Shalt Covet Thy Neighbor′s Portfolio.
Chapter 1 Vagabond Value.
Who Is Chris Rees?
Rees′s Rules of Investing.
Case Study: Abatix Corp (OTC: ABIX).
Rees: In His Own Words.
Reflecting on the Financial Meltdown of 2008.
Chapter 2 Options Apostle.
Sell Options, Have Fun, and Make Money.
Who Is Bob Krebs?
Krebs′s Rules of Investing.
Case Study: Annaly Mortgage (NYSE: NLY).
Krebs: In His Own Words.
On Avoiding the Big Loss.
A Silver Lining to the Crash of 2008.
Chapter 3 Lady′s Man.
Who Is Mike Koza?
Koza′s Rules of Investing.
Case Study: Radian Group (NYSE: RDN).
Koza: In His Own Words.
On Comparing the Market to Whitewater Rafting.
On Professional Money Management.
Chapter 4 The Sorcerer′s Apprentice.
Who Is Kai Petainen?
Petainen′s Rules of Investing.
Case Study: Ternium, S.A. (NYSE:TX).
Petainen: In His Own Words.
On Jim Cramer, John Stewart, Stock Analysts, and "Sisu".
Chapter 5 Network Miner.
Who Is Alan Hill?
Hill′s Rules of Investing.
Case Study: China Energy Corp. (OTCBB: CHGY).
Hill: In His Own Words.
On China′s Emergence.
Chapter 6 Ramblin′ Jack.
Who Is Jack Weyland?
Weyland′s Rules of Investing.
Case Study: Iomai.
Weyland: In His Own Words.
On Health Care versus Other Sectors.
On His Approach to Investing.
Chapter 7 The Oracle of Manitoba.
Warren Buffett Meets Sir John Templeton.
Who Is Randy McDuff?
McDuff′s Rules of Investing.
Case Study: Companhia Brasileira de Distribuicao (NYSE: CBD).
McDuff: In His Own Words.
On Utilities and Recession–Resistant Stocks.
Post–2008 Crash Investing.
On Retirement Investing.
On New Money versus Old Money.
Chapter 8 Mexican Gold.
From Detective to Deal Maker.
Who Is Andrew Swann?
Swann′s Rules of Investing.
Case Study: OceanaGold (TSE: OGC.CA).
Swann: In His Own Words.
On Owning Physical Gold.
On Whether He Is a Speculator or Investor.
On Living in Mexico.
Chapter 9 Stock Angler.
Do as I Do, Not as I Say.
Who Is Justin Uyehara?
Uyehara′s Rules of Investing.
Case Study: Medivation (NASDAQ: MDVN).
Uyehara: In His Own Words.
On His Goal of Becoming a Money Manager.
On Price–Earnings Multiples.
On the Market′s Strong Rebound from 2008.
Chapter 10 Bear Market Hero.
Who Is John Navin?
Navin′s Rules of Investing.
Case Study: PowerShares DB U.S. Dollar Index Bullish (NYSE: UUP).
Navin: In His Own Words.
On Playing Blackjack and Investing.
On Technical Analysis versus Fundamental Analysis.
On the Goldman Sachs Scandal Fallout.
Chapter 11 Legendary Investor Incubators.
Marketocracy ([external URL]
ValueForum.com ([external URL]
Value Investors Club ([external URL]
Motley Fool Caps ([external URL]
Covestor ([external URL]
kaChing.com ([external URL]
RiskGrades ([external URL]
Investor′s Business Daily ([external URL]
American Association of Individual Investors ([external URL]
FundAlarm ([external URL]
StockCharts.com ([external URL]
Other Sites to Bookmark.
About the Author.
Matthew Schifrin is Vice President and Investing Editor at Forbes Media LLC. He oversees money, investing, and personal finance content in Forbes magazine and on Forbes.com, including its Intelligent Investing and Financial Adviser Network. Schifrin also manages Forbes Newsletter Group and Forbes iConferences, and was the founding editor of Forbes.com′s Best of the Web. As an investigative reporter, his articles have been featured on the cover of Forbes magazine dozens of times and he has been a finalist for an American Society of Magazine Editors National Magazine Award. Schifrin is a frequent speaker at investor conferences and has appeared numerous times on radio and television.