The Education of a Value Investor: My Transformative Quest for Wealth Wisdom and Enlightenment
Former Wall Street investment banker and philanthropist Guy Spier reveals how meeting Warren Buffett changed his careerand his lifein The Education of a Value Investor: My Transformative Quest for Wealth Wisdom and Enlightenment.A Harvard MBA graduate and a successful hedge fund manager Guy Spier pursued an opportunity to meet one of Americas wealthiest businessmenbidding $650100 with Mohnish Pabrai for the privilege to do soat a charity lunch. What Warren Buffett shared was more important than market share strategies. He learned principles that put him on the path to becoming a real value investor.In this fascinating inside story Spier reveals his transformation from a Gordon Gekko wannabe driven by greed to a sophisticated investor who enjoys success without selling his soul to the highest bidder. His journey is similar to the thousands that flock to New Yorks Financial District every year with their shiny new diplomas aiming to be King of Wall Street realizing just in the nick of time that the true King lived 1500 miles away in Omaha Nebraska.Inspired by Warrens activist values Spier altered his career trajectory learning some powerful lessons along the way including: why the right mentors and partners are critical to long term success on Wall Street; why a topnotch education can sometimes get in the way of your success; that real learning doesnt begin until you are on your own; and how the best lessons from Warren Buffett have less to do with investing and more to do with being true to yourself. Spier also reveals some of his own winning investment strategies detailing deals that were winners but also what he learned from deals that went south.Part memoir part financial investing advisory and part how-to guide Guy Spier takes readers on a ride through Wall Street but more importantly provides those that want to take a different path with the insight guidance and inspiration they need to carve out their own definition of success.
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The key to successfully starting any situation is a good situation plan. In his ebook, The Education of a Value Investor: My Transformative Quest for Wealth Wisdom and Enlightenment, Mike Elia walks you through the situation plan process step-by-step: from gathering the evidence youll use to construct your plan to delivering your plan to ascribed investors.
His tape provides the basic opinion you compulsion to write a situation plan. But its genuine focus is revealing how to communicate your plan to investors and convince them that your situation is their best investment choice.
When I first opened situation plan Secrets Revealed, my heart sank. You see, I had promised Mike I would approach his tape entirely previously writing a review. And situation plan Secrets Revealed is no undistinguished ebook in imitation of one sentence paragraphs, large fonts and hefty margins. Its crammed full of information!
But as I began to read, I was in a friendly way surprised. Mikes writing style is interesting and practical, and his explanations simplify hard concepts. Throughout the book, I felt as even though a friend was sitting in imitation of me upon the urge on porch, matter-of-factly explaining exactly how to realize something. Its the kind of easy practicality that you can reach lonesome in imitation of you thoroughly comprehend a subject.
Mikes definite understanding of situation planning concepts results from experience spanning more than 20 years. Mike helps situation owners buy, sell and finance their businesses. He has overseen manufacturing and sales locations in more than nine countries. He is a CPA, holds a Masters in situation Administration, and has served as Chief Financial official of two publicly held companies.
Business plan Secrets Revealed starts in imitation of tips for collecting and organizing the opinion youll need. From the beginning, Mike concentrates upon overcoming your biggest single challengebridging the opportunist confidence gap. In the chapter Show Me the Numbers, Mike provides some of the clearest explanations of situation financial statements that Ive ever approach If concepts in imitation of stockholders equity or statements of cash flow create your eyes glaze over, next your salvation has arrived.
Later chapters of situation plan Secrets Revealed in point of fact focus on upon Mikes understanding to urge on you communicate your situation plan effectively. There are unquestionable instructions upon writing your situation plan, including how to get your plan opened and read, and how to avoid nine common writing mistakes. He explains how choosing the right design can create your situation plan easier to read. Mike wraps things stirring by telling you how to prepare for vital face-to-face time in imitation of investors, including developing a 60-second, to-the-point, verbal sports ground for your business. Tips upon finding investors and a resources section unquestionable the book.
I must give a positive response that several time as I was reading, I would ask myself, Do I in point of fact compulsion this much situation plan? This is not a fill-in-the-blanks-and-print-it-out situation plan solution. But next I realizedif Im invincible just about succeeding, next I realize compulsion to know as much as attainable just about my situation stirring front. previously Ive started spending money. previously I put myself upon the origin out in the market.
By the way, I did create it through the total book. And I stated that Mike delivers what he promises upon the title page: he teaches you how to quickly pile up evidence, construct a suit for your business, and write a readable plan that attracts investors and makes your situation the most tempting investment choice. Even if you already own supplementary situation planning resources, I highly recommend situation plan Secrets Revealed
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