A new but timeless strategy and mindset that should greatly help investors lower downside risk while achieving market outperformance.
In The 52-Week Low Formula: A Contrarian Strategy That Lowers Risk, Beats the Market, and Overcomes Human Emotion, wealth manager Luke L. Wiley, CFP examines the principles behind selecting the outstanding companies and great investment opportunities that are being overlooked. Along the way, Wiley offers a melding of the strategies used by such investment giants as Warren Buffett, Howard Marks, Michael Porter, Seth Klarman, and Pat Dorsey. His proven formula helps investors get the upper hand by identifying solid companies that are poised for growth but have fallen out of the spotlight. Shows you how to investigate companies and identify opportunities. Includes detailed discussions of competitive advantage, purchase value, return on invested capital, and debt levels. Presents several case studies to examine companies that have overcome obstacles by trading around their 52-week lows.
The 52-Week Low Formula is a must-listen for investors and financial advisors who want to break through conventional strategies and avoid common mistakes.
©2014 Luke L. Wiley (P)2014 Audible Inc.
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This book leaves much to be desired. The author doesn't explain when to sell, except referring to a "reset". He doesn't explain to sell at a 50% profit, or at 52-week high, etc. Also, he never quite explains where to get the numbers or exactly how to make the calculations. Perhaps the printed book provides a little more, but the audio was disappointing.
"must have for value traders"
this is a great book for anyone looking to learn the strategies behind value trading.
the contents include a 5 step system that must be followed before buying a stock in order to remove any emotion and misinformation with your investents
after listening to this book I feel I have a good idea how to determine if a company is under valued but I feel that step 5 should be step 1. step 5 is seeing if the stock is at or near it's 52 week low. because it's a lot of work involved in the other 4 steps to only find that it is trading at a high point.
I found the book easy to follow and have implemented it in my portfolio. Luke took the time to call me to discuss a couple of questions I had on the filter calculations. I would highly recommend it to any investor.
"Great theory, great read."
Great book. Author was committed to getting the reader to grasp his theory. He didn't give the readers exactly what they wanted though. The readers should understand how and why the theory works, but is left to do some homework of their own. Which is good because if the author was to give the reader everything it's my opinion that the reader wouldn't be successful. He actually taught the reader how to fish. It's up to the reader/ myself to eat for a lifetime.
"A Well Thought Out and Researched Formula"
Proven, Timeless, Essential
The Author, I enjoyed hearing his life story and how it formed his investment philosophy that would launch his career as a money manager.
Why most investors lose money.
When I first purchased the audiobook I was prepared for a dry manifesto on how to pick through the wreckage on Wall Street of the unloved stocks littering the 52 Week Low list. I was pleasantly surprised at the reasoned and repeatable formula the author presented to me in an audiobook that I truly didn't want to end. Very enjoyable.
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