Which famous investors, entrepreneurs, and business moguls do you admire most?

As financial professionals, are there any investors or business men and women that you have admired throughout your careers (either historical or modern)? What is it about them that endear to you so much? Is any of your influencers work reflected in your own personal careers?

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March 2017

You asked for it, so here goes. Many of the Founding Fathers were not only political geniuses, but economic as well. They believed that the banks ability to create money using fractional reserves (even back then) caused the boom and bust cycles. This is the reason they wanted our money to be of gold and silver, or at least backed by the precious metals. This way, you couldn't create money out of thin air. Using the finite metals would ensure there was a stable currency. This is one reason I believe investors should have between 5% to 10% in physical precious metals to hedge and protect against inflation and paper assets.

Along this similar economic vein were/are the Austrian Economists of the mid 1800s to present day. Carl Menger is considered the Father of Austrian Economics followed by Ludwig von Mises in the mid 1800s. It gained a resurgence with Friedrich Hayek in the 1970s. Hayek won the Noble Prize in Economics in 1974. Austrian Economics is in sharp contrast with Keynesian Economics, which in my opinion, is wrong. You can't print your way into prosperity.

Regarding the financial and investing world, Benjamin Graham, who is considered the Father of Value Investing," co-authored "Security Analysis" with David Dodd. He then wrote "The Intelligent Investor." Graham was Warren Buffet's professor at Columbia and probably taught and/or influenced more famous investors of the mid to late 1900s. These books are a must read and I consider them some of the best Fundamental Analysis books.

Then William "Bill" O'Neil, founder of Investor's Business Daily (IBD) and author of "How to Make Money in Stocks, combines technical and fundamental analysis. This is a must read. In fact, my Chief Strategist was worked and was trained by Bill O'Neil and taught stocks and options strategies to around 20k to 30k people per year before coming on board at our shop.

Moving toward more technical analysis, Jesse Livermore at the turn of the 1900s is also enlightening.  And one of the most consistently successful, yet relatively unknown traders/investors of all time was W.D. Gann. He used complex math to analyze stock movements and took many of his secrets to his grave. Many have tried to replicate his success and he has a whole following to this day.

I have been doing this for over 23+ years and have read many others, but this should be a very good start.  At our shop, we incorporate both fundamental and technical analysis. If I had to pick one, I would probably go with "How to Make Money in Stocks" by Bill O'Neil. We screen for fundamental metrics for stocks (or sector ETFs) and have a Watchlist. From there, we monitor this list for good entry points using technical analysis. 

So understanding technical indicators like Fibonnaci, Relative Strength (RS), Exponential, and Simple Moving Averages are also important. You asked a very in depth question so I wanted to give you as complete an answer as I could without writing a book myself. I could go on, but those couple of books above will give you a great start for your research.

If you want to get a better understanding of how we incorporate the above to make investment decisions, just go to www.revereasset.com and sign up for our free, short daily market video. I promise we will not spam you or even market to you in any way. It is up to the individual to reach out to us if they are interested in our services. The information is for your research to use or discard.

Hope this helps and best of luck, Dan Stewart CFA®

March 2017
March 2017
March 2017
March 2017