内容简介 · · · · · ·
John Neff is a life-long contrarian, proving time-and-again over the past three decades that bucking the system can pay off big. During his illustrious career as a money manager, Neff flew in the face of conventional wisdom by consistently passing over the big growth stocks of the moment, in favor of inexpensive, under performing ones-and he usually won. During his thirty-one y...
John Neff is a life-long contrarian, proving time-and-again over the past three decades that bucking the system can pay off big. During his illustrious career as a money manager, Neff flew in the face of conventional wisdom by consistently passing over the big growth stocks of the moment, in favor of inexpensive, under performing ones-and he usually won. During his thirty-one years as portfolio manager for Vanguard's Windsor and Gemini II Funds, he beat the market twenty-two times, through every imaginable stock market climate, while posting a 57-fold increase in an initial stake. When Windsor closed its doors to new investors in 1986, it was the largest mutual fund in the United States.
Now retired from mutual fund management, Neff is finally ready to share the investment strategies that earned him international recognition as the "investor's investor", and made him the one to whom other money managers come to manage their money. In John Neff on Investing, Neff delineates, for the first time, the principles of his phenomenally successful low p/e approach to investing, and he describes the strategies, techniques, and investment decisions that earned him a place alongside Warren Buffett and Peter Lynch in the pantheon of modern investment wizards.
Packed with solid advice and guidance for anyone who aspires to using Neff's unique brand of value investing, John Neff on Investing offers invaluable lessons on using price-earnings ratios as a yardstick, to zeroing in on undervalued stocks, interpreting earnings histories and anticipating new market climates. A narrative of Neff's early days-My Road to Windsor-reveals the extraordinary mindset and humble circumstances that shaped his winning investment philosophy. By reproducing excerpts from his personal investment diaries, this book offers a unique opportunity to watch Neff in action over the years. A faithful, quarter-in-quarter-out chronicle of a life on Wall Street, the diaries provide unprecedented insights into the thinking behind some of his best (and worst) investment decisions, while tracing the evolution of his innovative investment style.
The first book to fully reveal the long-heralded investment strategies of a Wall Street genius, John Neff on Investing is must reading for investors, brokers, traders, and bankers of every kind.
JOHN NEFF, until his retirement in 1995, was Senior Vice President and Managing Partner of the Wellington Management Company, the Windsor Fund's investment advisor.
S.L. MINTZ, is New York Bureau Chief of CFO Magazine, a publication of the Economist Group dedicated to the latest financial thinking and how it is being implemented in today's markets. His other books include Beyond Wall Street (Wiley, 1998) and Five Eminent Contrarians.
作者简介 · · · · · ·
约翰·聂夫:生于1931年,1955年进入克利夫兰国家城市银行工作,1958年成为信托部门的证券分析主管,1963年进入威灵顿管理公司,1964 年成为温莎基金经理,并一直担任至1995年退休。在此期间,他将摇摇欲坠、濒临解散的温莎基金经营成当时最大的共同基金。1985年底,温莎基金为防止规模臃肿,停止接受新客户。在31年间,温莎基金总投资回报率达55.46倍,而且累计平均年复利回报率达13.7%的纪录,在基金史上尚无人能与其匹敌。在退休前,聂夫还一直兼任威灵顿管理公司的副总裁和经营合伙人。.
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John Neff on Investing的书评 · · · · · · ( 全部 35 条 )
《约翰·聂夫的成功投资》
市场参与者的可贵品质:严谨的耐心
阅读笔记:约翰涅夫的成功投资
这篇书评可能有关键情节透露
在John Neff执掌温莎基金的31年中,有22年超越了指数,温莎基金31年的总回报为5546.4%(年复利为13.7%),同期标准普尔500为2229.7%(年复利为10.6%)。 从中可以看到两点启发: 1.虽然平均年复利只跑赢指数3.1个百分点,但是31年下来,其资产净值大概是指数的2.5倍。复利的力... (展开)与路标辩论的人----评《约翰.聂夫的成功投资》
做一个坚定的逆向投资者
> 更多书评 35篇
论坛 · · · · · ·
在这本书的论坛里发言这本书的其他版本 · · · · · · ( 全部6 )
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机械工业出版社 (2008)8.0分 906人读过
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机械工业出版社 (2012)8.0分 198人读过
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机械工业出版社 (2018)8.8分 167人读过
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Wiley (1999)暂无评分 4人读过
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订阅关于John Neff on Investing的评论:
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0 有用 K2 2008-11-16 15:08:23
如果没有对股市有理性的认识,根本就无法评估风险,更不用说去聪明地承担风险。
0 有用 lisaislisa 2006-09-10 07:42:29
how to be a fundamental analyst
0 有用 雅格布 2015-03-29 17:13:23
very helpful... recommended by my boss. Very systematic explanation of investment philosophy. Maybe will form my way of investing in the near future.
0 有用 雅格布 2015-03-29 17:13:23
very helpful... recommended by my boss. Very systematic explanation of investment philosophy. Maybe will form my way of investing in the near future.
0 有用 K2 2008-11-16 15:08:23
如果没有对股市有理性的认识,根本就无法评估风险,更不用说去聪明地承担风险。
0 有用 lisaislisa 2006-09-10 07:42:29
how to be a fundamental analyst