Lessons from the Legends of Wall Street [ハードカバー]

本書は、アメリカにおける伝説的な5人の投資家（ウォーレン・バフェット、ベンジャミン・グレアム、フィル・フィッシャー、トーマス・ロウ・プライス、ジョン・テンプルトン）の投資手法のエッセンスを紹介するとともに、今日の市場にも応用できるようにまとめた『Lessons from the Legends of Wall Street』の邦訳である。著者は、金融・保険サービス事業を運営している、公認フィナンシャル・プランナーのニッキー・ロス。

本書には、財を成し、それを維持するために5人がとった戦略が詳細に記され、読者が自ら資産形成を計画し実践できるように解説されている。全体は6部から構成され、第1部から第5部までは、各人の人物紹介とその業績について概観し、次にそれぞれの成功戦略と投資原理を紹介している。そこでは、彼らの知恵を3つの重要な投資ステップ（情報を集める、情報を評価する、決断を下す）に分けて解説するとともに、投資家別戦略応用法（保守派、中道派、積極派）、彼らの生涯と経歴についても述べている。読者は、この部分を読み進めていくうちに、情報を集めて評価し、売買か保有かを決断することを自然に学んでいくことができる。最終部では、独自の財テクプランを作成するための方法論を紹介している。機関投資家のみならず、一般投資家にも読んでほしい1冊である。（増渕正明） --このテキストは、絶版本またはこのタイトルには設定されていない版型に関連付けられています。

投資の世界で最も偉大な伝説的ヒーロー５人が資産の形成・維持に役立つアドバイスと成功戦略を伝授！
伝説的な“投資界のヒーロー”５人の知恵が分かりやすく３つの投資ステップに凝縮され、今日の市場にも応用できるように書かれた初めての書。彼らは「なぜ」「どうやって」投資の決定を下したのか。５人へのインタビューや調査や著作をもとに、ニッキー・ロスがその背景に迫る。投資経験の多少を問わず、また、投資対象が株であれ、債券であれ、ミューチュアル・ファンドであれ、本書を読めば、自分の投資スタンスに見合った戦略の組み合わせ方が分かる。
--このテキストは、絶版本またはこのタイトルには設定されていない版型に関連付けられています。

世界で最も偉大な5人の伝説的ヒーローが伝授する資産形成戦略。 --このテキストは、絶版本またはこのタイトルには設定されていない版型に関連付けられています。

ウォーレン・バフェット、ベンジャミン・グレアム…。伝説的な「投資界のヒーロー」5人の知恵を、本人へのインタビューや調査、著作等をもとに分かりやすく3つの投資ステップに凝縮し、今日の市場にも応用できるように解説。 --このテキストは、絶版本またはこのタイトルには設定されていない版型に関連付けられています。

The five investors named in the subtitle of this book are undoubtedly among the most influential American investors of the 20th century: Graham and Fisher primarily as teachers, the other three for building large, successful investment companies. Ross summarizes their methods, then presents a composite version of their strategies. Is such a "greatest hits" compilation useful? After all, three of these investors have written their own books, and one could fill a small library with works by their interpreters and disciples. Many investment students will still find this book valuable as a starting point or as an accessible alternative to the originals. Ross packs a large fraction of each investor's ideas into an average of 45 pages, including enough details and formulas to make the ideas usable, yet the book is still easy to read. Benjamin Graham, by contrast, can be tedious to read and Warren Buffett is fond of dropping aphorisms that sound indisputable but provide little useful guidance for real investment decisions. One advantage here is that each method is broken down into three systematic steps, making it easy to see the commonalities and departures of each system. Biographical information is also included, giving context to the teachings. Purists will justifiably complain that this approach does not adequately capture the essence of each investor, and some will argue that grasping this essence makes all the difference between serious, disciplined investing and dilettantism. But most readers will find at least some useful insights. (Sept.)
Copyright 2000 Reed Business Information, Inc.

For the first time, investors will discover how to apply the three vital investment steps for todays markets along with time-tested strategies for acquiring wealth and keeping it. Nikki Ross profiles five legends, revealing how they gather and evaluate information and make investment decisions.

Each chapter provides vital strategies for creating a sound investment plan.

*WARREN BUFFETT: the super-combination investor shares insights about how to profit from annual reports and what to look for in stock research reports. *PHIL FISHER: the investigative growth investor tells how to pick stocks with tremendous profit potential by evaluating management, products, and policies of companies. *BENJAMIN GRAHAM: the value numbers investor provides important financial numbers and ratios to evaluate companies. Grahams followers give expanded criteria for 21st century value investing. *T. ROWE PRICE: the visionary growth investor discusses how to evaluate the life stage of a company, warning signals of slowing growth, and trends affecting stocks, updated by disciples. *JOHN MARKS TEMPLETON: the spiritual global investor, and one of the first money managers to invest internationally, gives 16 timeless investment rules and strategies for global investing in todays volatile markets.

"Nikki Ross has wisely simplified most of the commonsense policies used by famous investors for the best long-term results."

John M. Templeton Founder, Templeton Mutual Funds The Templeton Foundation

Nikki Ross has captured the spirit of our founder and provides valuable information for investors of stocks as well as mutual funds.

George A. Roche Chairman, T. Rowe Price Associates, Inc.

Would you like to learn about investing and have fun too? With decades of Wall Street wisdom woven into this delightful book, I learned lessons, and relearned and remembered my way back to being a better investor. Thank you, Nikki, and thank you legends.

Gail M. Dudack Chief U.S. Strategist and Managing Director, UBS Warburg LLC and Guest commentator, CNBC, PBSs Nightly Business Reports and CNNs Moneyline

Nikki Ross tells how the great investors achieved success and provides a plan for investors to apply the information. This book is a must-read for NAIC members and belongs on the shelf of every investor.

Thomas E. OHara Chairman of the Board of Trustees, National Association of Investors Corporation (NAIC)

Take all this hero worship with a grain of salt; but take it. I wish there were books like this around in the first decade of my investment career.

Kenneth L. Fisher Founder and CEO, Fisher Investments, Inc., and Forbes Portfolio Strategy Columnist

This book is a worthwhile read for anyone who takes their investments and money seriously.

Muriel F. Siebert President and Chairwoman, Siebert Financial Corp.

The legends advice will help you to make wise decisions. I suggest every serious investor buy a copy of this book and give one to friends and family members.

Vern Hayden, CFP Past Chairman National Endowment for Financial Education, and Regular guest advisor, CNBC, NBC, and Bloomberg

Provides unprecedented insights into the best financial minds of our timemust reading for all investors.

Christopher L. Hayes, Ph.D. Founder and Director, National Center for Women & Retirement Research

(endorsements continued inside)

All investors can benefit from studying how others have made fortunes in the market, and Lessons from the Legends is an excellent way to discover the strategies of five of Americas best known stock market investors. Use this book to see how you can adapt the strategies of Graham, Buffett, Price, and the others to help your own portfolios. You will surely benefit from it.

Stephen Sanborn Director of Research, Value Line Publishing, Inc.

Over a 35 year career in equity investing, I have come across few books which I have found to be useful. This book is one of the few. It belongs on my very short list of recommended reading for any serious investor.

Philip K. Swigard Berkshire Hathaway Shareholder and Private Investor

If you want to understand literature, you study the great authors; music, the great composers. Why, then, do most investment courses ignore the great investors and instead preach the efficient market theory, which tells us no one can beat the market and ignore those who do? Thankfully, Nikki Rosss Lessons from the Legends of Wall Street helps to right the score. Youll find more practical advice in this one book than in a dozen academic investment texts.

Don Phillips CEO, Morningstar, Inc.

Well done! An excellent book for the investing public. The blend of biography and academic text is unique. It makes learning more fun.

T. Wayne Whipple, CFA Executive Director, The New York Society of Security Analysts, Inc.

Articulating lessons from the deans of the investment world, this wonderful how-to book is a remarkable resource for investors.

Bernadette B. Murphy Chief Market Analyst, Kimelman & Baird LLC and Regular panelist on Wall $treet Week with Louis Rukeyser

The markets always remind us of the necessity of wise investment counsel. The insights offered by the investment Dream Team put together by Nikki Ross are as timely as they are brilliant. The wisdom and insights of these five legends can help consultants, money managers, financial advisors, stockbrokers, and most importantly the investor, develop successful investment strategies. I thoroughly enjoyed reading this outstanding and informative book and recommend it to all types of investors.

Michael T. Dieschbourg CIMA, Consulting Group, Salomon Smith Barney

Nikki Ross has meticulously mined the gold from some of the richest veins in modern timesand has refined it in a way that makes it valuable for all who want to invest intelligently. Shes made required reading for the experienced investor understandable for the novice.

Ellis Traub Chairman, Inve$tWare Corporation

Entertaining and informative, five legendary investors speak to you through Nikki Ross. She details the strategies they used to acquire and preserve their fortunes and explains how you can create your own blueprint for wealth. I highly recommend it.

Gail Liberman Syndicated columnist and author of Rags to Riches: Motivating Stories of How Ordinary People Achieved Extraordinary Wealth!

Certified financial planner, Nikki Ross, formerly chair of the International Association for Financial Planning, South Florida chapter, has written articles for newspapers and magazines and appeared on radio and television. Ross has conducted numerous educational financial seminars for national associations, corporations, and universities. She and her husband, Joseph Ross, run a financial and insurance services business in Miami Beach, FL.