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"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it."
—Warren Buffett
Investors shouldn't hate the market because of its up and downs. They should capitalize on it—and give a middle finger to those brokers wasting their time (and money) buying and selling, viewing investing as just buying stocks and not taking ownership of a company.
In this book, Joe Ponzio gives an "f-you" to Wall Street and teaches you how to become a sharp value investor who uses economic downturns to your advantage. By buying into companies you believe in—but that may be selling for less than their intrinsic value, like high-end retailers in a weak market and discount retailers in a strong one—you will profit from their long-term performance. It's the perfect guide for anyone fed up with Wall Street's bull.
- Sales Rank: #496525 in Books
- Published on: 2009-06-18
- Original language: English
- Number of items: 1
- Dimensions: 8.50" h x .75" w x 5.50" l, .75 pounds
- Binding: Paperback
- 288 pages
About the Author
Joe Ponzio has seen the "dark side" of Wall Street. Having worked for two of the largest firms in the industry, he left the Wall Street titans in 2002 to found the Meridian Business Group, a successful portfolio management firm dedicated to performance, safety, and putting his money where his mouth is. Today, Mr. Ponzio manages individual portfolios as well as a private investment fund modeled after the early partnerships of Warren Buffett. His website FWallStreet.com is a popular value investing site and is a permanent link on CNBC.com's Warren Buffett Watch. He lives and works in Chicago, IL.
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