Dick Davis谈在华尔街挣钱的40年 The Dick Davis Dividend

书籍目录

Preface  Acknowledgments  About the Author    Introduction    Can 95 Million Investors Be Wrong?   A Challenge: Blunt Honesty without Turning Off the Investor    Where I’m Coming From    Housekeeping Notes  Chapter 1: Personal Background    Pre–Wall Street    One-of-a-Kind Career on Wall Street    Post–Wall Street    Modesty Adds Credibility  Part One: Deepest Convictions About Successful Investing After 40 Years On all Street    Chapter 2: The Three Best Things to Have before Starting to Invest Luck      Longevity      Deep Pockets    Chapter 3: Six Absolutes      1  Nobody Knows the Answers      2  There’s Always an Exact Opposite Opinion      3  We’re Predisposed to Fail, But Not Predestined      4  There Is Symmetry in the Market      5  The Market Is King—News Is Mostly Irrelevant      6  The Durability of Major Trends Is Underestimated    Chapter 4: Seven Core Convictions      1  Asset Allocation Is Key to Managing Risk      2  Proper Entry Level Is Crucial      3  Be Aware of the Negatives: There’s Always a Column A and a Column B      4  The Best You Can Do Is Put the Odds in Your Favor      5  The Worst You Can Do Is Be Totally and Instantly Informed (A Critique of CNBC)      6  Many Strategies Can Work—The Key Is Consistency      7  Index Funds: The Answer for Most, But Not the Whole Answer    Chapter 5: Thirty-Five Nuggets      1  After You Buy, It’ll Always Go Lower      2  CEOs on Their Own Stock      3  Conventional Wisdom Is More Conventional than Wisdom      4  Humility Is Sadly Lacking on Wall Street      5  A Sure Thing If Y ou Have the Patience      6  No Single Stock Has to Be Bought      7  The Sticky Question of When to Sell      8  Mergers Are Good for Everyone Except Stockholders      9  Get Children Started Early      10  Don’t Rebuke Yourself      11  Face It, It’s History; Put It Behind You      12  Investigate, Then Invest—Hogwash      13  Cramer versus Kirk      14  How to Answer Questions about the Market      15  Giving Advice to Relatives—Tread Lightly      16  When Greed Paid Off      17  Losses Are Inevitable—A Big Loss Unacceptable      18  ETFs Are a Beautiful Thing      19  Rising Dividends Are More Important than Big Dividends      20  The Broker and the Case for Discretion      21  All Investors Are Not Created Equal      22  Low Commissions Make Online Trading Hard to Resist      23  Understand Your Own Temperament      24  The Upside-Down Stock Market      25  Every Group Has Its Day      26  “When” Is More Important than “What”      27  No Place to Hide for the Investor      28  The Rarity of Inside Information      29  What’s a Reasonable Return?     30  The Market Is Typically Dull and Indecisive      31  Interest Rates—The Most Diffi cult of All to Forecast      32  The Brilliant Market Call      33  Your Results Will Differ From Your Fund’s      34  You Can Make Money in a Down Market      35  No One Has a Monopoly on the Right Answers  Part Two: Ok ay, So What Do I Do With My Money?   Chapter 6: Active versus Passive Investing      The 80-20 Solution      Passive Investing—An Overview      Index Funds: What’s Most Important To Know    Chapter 7: Passive Investing: Twenty-Eight Model Index Fund Portfolios      Setting the Table      Paul Farrell: Lazy Man Portfolios      Twenty-Eight Model Index Fund Portfolios    Chapter 8: Active Investing with Mutual Funds      Ways for Do-It-Yourselfers to Outperform the Market: Introduction      Life-Cycle/Target Retirement Funds      Mutual Funds: 18 Key Points    Chapter 9: Active Investing with Stocks      Newsletters      “My One Favorite Stock” Lists      Piggybacking the Masters      Virtual Investing      Stock Screens      Brokerage Focus Lists      Stock-Picking Columnists      The CAN SLIM Approach: William O’Neil      The Magic Formula: Joel Greenblatt      Jeremy Siegel’s Dividend Approach      Private Money Managers      Best Web Sites and Blogs    Chapter 10: Conclusion      Great Investment Books: The Right Kind of Homework      Sayings and Quotations      Wrap-Up: What I Hope You Take Away  Index

作者简介

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What can you say about successful investing that hasn't been said before? How many different ways can you say buy good stocks cheap, diversify and control your emotions? "The Dick Davis Dividend" doesn't avoid these truisms but it adds others seldom discussed: the seldom acknowledge role of pure luck; the irrelevance of news; the under appreciated durability of major trends; the over exaggerated value of homework; the predisposition of investors to fail; and the curse of being totally and instantly informed. These are just a few of the strongly held, often unconventional views of a savvy 40 year veteran who speaks from a unique vantage point. Dick Davis is a pioneer in the financial media and has been talking to investors since 1965. He was the only employee of a member firm of the N.Y.S.E. to work full time broadcasting "in depth" market reports. He did so via radio, TV, a syndicated newspaper column and a newsletter ("The Dick Davis Digest" no longer affiliated).The first half of the book is titled, "Deepest Convictions About Successful Investing After 40 Years On Wall Street" and the second half of the book is titled, "OK, So What Do I Do With My Money?" Davis makes a compelling case for combining both passive investing via index funds and active investing via stocks and mutual funds. He focuses on 28 models, buy and hold, index fund portfolios, each one recommended by a leading authority in the world of indexing. Included are the favorite index portfolios of Burton Malkiel, John Bogle, Ben Stein, Jonathan Clements, Andrew Tobias and 23 others. With advice described as "timeless wisdom" by best selling author Andrew Tobias, "The Dick Davis Dividend" details what the investor is up against and how he can deal with it successfully. It's a bluntly honest, heartfelt message written with clarity, directness and empathy that resonates with readers.

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