- Paperback: 400 pages
- Publisher: HarperCollins Publishers Inc; Reprint edition (13 May 2003)
- Language: English
- ISBN-10: 0887309704
- ISBN-13: 978-0887309700
- Product Dimensions: 15.6 x 2.5 x 23.5 cm
- Boxed-product Weight: 708 g
- Average Customer Review: Be the first to review this item
- Amazon Bestsellers Rank: 70,374 in Books (See Top 100 in Books)
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Money Masters of Our Time Paperback – 27 Jun 2003
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About the Author
John Train founded Train, Smith Investment Counsel and is chairman of Montrose Advisors, both of New York. His bestselling books on investing include The Craft of Investing, The Money Masters, The New Money Masters, and The Midas Touch. He has written several hundred columns for The Wall Street Journal, Forbes, The New York Times, Harvard Magazine, The Financial Times, and other publications. He is a part-time director of two independent government agencies reporting directly to Congress and of several emerging market mutual funds. He lives in New York, spends summers in Maine, and travels frequently to Europe, Asia, and South America.
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Most helpful customer reviews on Amazon.com
Each chapter covers a different investor. The last chapter summarizes key points and the author's opinion on how to become a successful investor.
Although I found the book enjoyable, the book was too general and simple (e.g. timing the market does not work). I would much rather read the Market Wizards series by Jack Schwqger because Market Wizards successfully dives deep into the investor's mind and details his or her investing method (e.g. only taking 5:1 risk to reward ratios or cutting losses).
Thus, although this book does a great job giving a broad overview of each investor's success, Market Wizards dives deep into each investor's road to success. In other words, Money Masters of Our Time gives a biography of each investor's road to success, while the Market Wizards gives details of each investor's investing strategy and mentality: both important but I find Market Wizards more valuable.
In summary, I would read this book only if you already read Market Wizards series.
The book describes the way very succesful investors did their craft.
What one observes is the thorough way most of these people do their work.
They investigate for example the annual and quarterly reports, but also how honest and
stock holder oriented management is.
Another interesting point is that one can wait untill the best change of a succesful buy of stock
occurs. It is not a matter of doing the buy quickly.
"Wait untill a very good chance occurs, one can hear then almost the sound of the cashregister"!
I have learned a lot by reading and rereading the book.
I am an avid Jim Rogers fan and believe this book is one of the greatest and most comprehensive texts on his legendary investment style.