Cambridge Business Association
Investment Titans
Book

Investment Titans

Investment Insights from the Minds that Move Wall Street

Jonathan Burton
McGraw-Hill, 2001
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Editorial Rating

7

Qualities

  • Well Structured

Recommendation

Jonathan Burton relays the advice of nine top investors - Harry Markowitz, Paul Samuelson, Jeremy Siegel, John C. Bogle, Joseph Lakonishok, Richard Thaler, Gary Brinston, Peter Bernstein and William Sharpe. The author focuses on different aspects of investing - stock-market risk and reward, indexing, value versus growth investing, investor psychology, international investor strategies and risk tolerance. Burton concludes Investment Titans with observations about common themes - diversifying, investing now and staying invested. This solid book avoids repetition by focusing on different investment issues for different investors.

Summary

Nine Investment Titans

Nine investment titans offer their advice on how to make the best investments while weighing risk and reward. In these extensive interviews, they agree that all investors must assess, realistically and honestly, how well they tolerate risk. Unlike your portfolio’s return, the amount of risk you take is one of the few aspects of investing that you can control.

The investment titans fall into two camps: "efficient market disciples" who believe the investment landscape is "cut and dried," and those who believe you can predict stock price movements and exploit markets through diligent research. The former group believes that how you allocate your assets to stock and bonds - rather than the particular stocks you select - is the most important factor in meeting your financial goals.

Titan One: Assess Your Portfolio as a Whole

Harry Markowitz emphasizes diversification, since the future is unpredictable. If you diversify, you can balance out your portfolio, because when one group of stocks is declining, another will be appreciating. He developed the "Modern Portfolio Theory," which says that if you create a portfolio of unrelated stocks...

About the Author

Jonathan Burton  is a prolific and well-known financial journalist. Investment Titans grew from his "Leaders in Finance" series, which he wrote for Asset Management. He co-authored the best-selling Electronic Day Traders’ Secrets and has contributed to to The New York Times, Bloomberg Personal Finance, The Economis and The Christian Science Monitor.

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