Features
- Cover Type: Hard Cover with 471 pages
- Published by: Wiley December 10, 2007
- Written in: English
- ISBN 10 Number: 0470099038
- ISBN 13 Number: 978-0470099032
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Book Dimensions:
9 x 6.2 x 1.8 inches
- Weighs: 1.5 pounds
Product Description
A pioneer in the financial media, Dick Davis has interacted with the investing public for over forty years. With his new book, he continues this trend. The first part of
The Dick Davis Dividend contains an easy-to-read, yet profound discussion of the essentials of investing—focusing on the savvy veteran’s often unconventional, core beliefs. While the second part of this engaging guide makes a compelling case for combining both passive investing via index funds and active investing via stocks and mutual funds.
From the Inside Flap
What can you say about how to make money in the stock market that hasn't been said before? How many different ways can you say buy good stocks cheap, diversify, hold on, and control your emotions?
The Dick Davis Dividend doesn't avoid these basic concepts but it spotlights others, which are seldom discussed, that the author believes will strongly tilt the odds toward investors and give them a valuable edge. These are passionately held convictions expressed with unusual candor and clarity.
A pioneer in the financial media, Dick Davis has interacted with the investment public as a radio and TV broadcaster, newsletter editor, columnist, lecturer, and teacher for over forty years. With
The Dick Davis Dividend, he continues this trend. The first part of the book contains an easy-to-read, yet profound discussion of the essentials of investing—focusing on the savvy veteran's often unconventional, core beliefs. For example, Davis pounds the table about the over-exaggerated value of homework, the irrelevance of news, the underappreciated durability of major trends, the predisposition of investors to fail, the curse of being totally and instantly informed, and the rarely acknowledged role of pure luck.
Davis' bluntly honest approach is reflected in some of the chapter headings: "Absolutely Nobody Knows the Answers," "There's Always an Exact Opposite Opinion," "The Market Is Always King," and "After You Buy It'll Always Go Lower."
The second part of this engaging guide makes a compelling case for combining both passive investing via index funds and active investing via stocks and mutual funds. Davis focuses on twenty-eight buy and hold, diversified, index fund model portfolios. Each one is 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, and twenty-four others. The wide selection of models makes a passive/active strategy easy to implement.
The Dick Davis Dividend is filled with in-depth insight and straightforward, practical advice labeled "timeless wisdom" by bestselling author Andrew Tobias. It is an uncomplicated explanation of how today's investor can meet the challenge of an unpredictable market and come out a winner.
Reader ReviewsProbably the best investment book I've ever read is this new book from Dick Davis titled appropriately, "The Dick Davis Dividend: Straight Talk on Making Money from forty Years on Wall Street." Davis writes with great conviction about aIl that he's learned over the years and his book is truly a tour de force for investors. His detailed treatment of the ins and outs of both active and passive investment strategies is a real delight to read. It helps that I'm personally a big fan of his most fundamental recommendation - an 80/20 split between index funds and actively managed investments. If you're looking for one book to guide your investment efforts, this is the one - Dick Davis is the new "Ben Graham" for individual investors!
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