Joseph Belmonte

Buffett and Beyond, + Website

Uncovering the Secret Ratio for Superior Stock Selection

• Gebundenes Buch

Produktbeschreibung

Construct a portfolio that is sure to outperform market averages

Warren Buffett had it right all along. Now it's your turn to learn how to construct a portfolio that is sure to outperform the market averages, as well as almost every professional money manager in the world. Warren Buffett's method of predictability can determine a future target price, which in turn determines his all-important purchase price. However, Buffett doesn't draw conclusions of his predictability method relative to the future total returns of portfolios. That's where Buffett and Beyond comes in, taking Buffett's method one giant step beyond, proving that if you select a portfolio of stocks using the predictability method in this book, you will outperform 96% of professional money managers over the long term.

In addition to the information in the book, readers will have access to a password-protected website that includes tutorial videos, PowerPoint slides, free trial access to a video newsletter, and a trial subscription to the author's computer program, which follows the research presented in the book.
Explains Clean Surplus Accounting (CSA) to determine Return on Owners' Equity (ROE)
Uses CSA to determine ROE in a unique way to verify Buffett's all-important purchase price
Draws conclusions between Clean Surplus Return on Equity and future total returns
Shows that every portfolio selected from the S&P 500 index with above-average Clean Surplus ROEs outperformed the S&P average during the test periods from 1987 to the present
If you're an investor, this book will impact your financial life forever.

Produktdetails

• Verlag: Wiley & Sons
• 2. Aufl.
• Seitenzahl: 272
• Erscheinungstermin: 9. Februar 2015
• Englisch
• Abmessung: 236mm x 160mm x 18mm
• Gewicht: 460g
• ISBN-13: 9781118955772
• ISBN-10: 1118955773
• Artikelnr.: 41247886

Autorenporträt

DR. JOSEPH BELMONTE is a renowned investment strategist and market thinker. Dr. Belmonte has taught investments, corporate finance, and advanced managerial finance for many years, and has lectured to numerous professional and investment groups across the country.

Inhaltsangabe

Preface: From Then Until Now xiii Introduction: A Sea Story xvii Chapter 1:
The Purpose of This Book--Your Journey 1 Chapter 2: About Warren Buffett 5
Chapter 3: Determining the Earning Capacity of a Company (Now Really, Can
It Be This Easy?) 11 The Beach Factor 12 Clean Surplus 13 Determining an
Efficient Company 14 Take Your Bank Account 14 Bonds 15 Earning Capacity 15
How to Determine the Operating Efficiency of a Company 17 Sooo Important 19
You See . . . ROE Tells Us Everything 19 Let's Ask Warren 20 Summary--the
Key to the Investing Business 21 Why Hasn't the Entire World Figured This
Out Yet? 21 You Will Learn 22 Chapter 4: My Theory of Why Most Money
Managers of the World Cannot Outperform the Market Averages 25 My
Contest--Beware How You Select the Random Portfolio 29 One Step Beyond
Buffett 30 You Don't Have to Worry 30 Fun with Our Portfolio Reviews 31 In
Summary 32 Chapter 5: A Very Simple Income Statement and an Even Simpler
Balance Sheet 35 The Income Statement 36 The Balance Sheet 36 Tying
Together the Income Statement and Balance Sheet 37 Chapter 6: The Return on
Equity Ratio 41 This Chapter and the Next and the Next 43 Chapter 7: The
Return Portion of the Return on Equity Ratio 47 The Income Statement:
Return 47 Chapter 8: The Equity Portion of the Return on Equity 53 Earnings
55 Accounting Statements and the Link between Them 55 The General Motors
Story 57 The Central Flaw of Traditional Accounting 60 Let's Not Forget the
Main Question 60 Addendum to The General Motors Story 61 Chapter 9: How to
Determine an Equitable Equity Number 65 Let's Review Just a Bit 65 Our New
Return on Equity Equation 67 What Does Warren Buffett Say about All This?
69 Chapter 10: The Predictability of Finance Valuation Models 71 Efficiency
Is the Key 73 College and Finance Valuation Models--They Just Don't Work
Very Well 74 Chapter 11: Clean Surplus ROE--the Only Comparable Efficiency
Ratio 79 Clean Surplus 81 I Forget, What Are We Looking For? Let's Review!
83 Chapter 12: What Buffett Looks for in a Company, or How Clean Surplus
Accounting Recognizes the Quality of a Company 87 Buffett 88 The Consumer
Monopoly versus the Commodity Type of Business 89 The Commodity Type of
Business: Companies Buffett Avoids 89 The Consumer Monopoly: The Type of
Business Buffett Loves 92 Chapter 13: General Electric Then and Now 97 The
Purchase Price 97 Back to Basics 99 A Very Important Point 100 Back to the
Good Bank 100 Beware, Beware, Beware 102 A Real Stock 103 The P/E Ratio 105
Back to the Future 107 Let's Discount Back--the All Important Purchase
Price 108 Important Note: Approximately 110 Very Important Addendum 111
Chapter 14: General Motors Then and Now 115 Let's Look at General Motors
116 High ROE 116 Consistency Up to 2002 117 Compare 118 The Blind Kid--A
Sea Story 119 A Lesson to Be Learned 120 So You See, Folks 121 Addendum to
the General Motors Saga 121 Chapter 15: The Beginning: The Initial Research
125 Why Work with the Dow 30? 126 Constructing the Portfolio: My First
Research into Clean Surplus 127 Methodology 127 1987: The Year of the
Anomaly 129 Buffett the Anomaly 129 More Parameters: The Simple Rules 130
The Test Period Parameters 130 The Results 131 Compounded Returns 132 Is
There a Correlation Between the ROEs and the Returns? 133 Getting Published
in an Academic Journal 135 Chapter 16: Continuing Research: The Doctoral
Research on the S&P 500 137 Finally, a Lead for Clean Surplus
Accounting--Buffett, Graham, Ohlson 138 The Results of the Research 139
Methodology 139 Notice the Difference 141 Standardized Against the Market
142 Portfolio Construction 142 Results: First Test Period 143 Results:
Second Test Period 144 Bias 144 Summary of Results 145 Chapter 17: Rules
for Structuring a Great Growth Portfolio 149 Debt 153 Chapter 18: Great,
Great Job, but You're Fired 155 A New Definition 156 The Research Begins
156 The First Class 157 To Teach or Not to Teach? 159 Chapter 19: Stocks on
Our Radio Show 163 Back in 2012 163 The Structure of This Report 165
Chapter 20: Stories of Audience Hecklers 169 The Know?]It?]All Half?]Back
170 Chapter 21: A Great Dividend Income and Growth Strategy--Part I: The
Economic Spectrum of Dividend Stocks 173 Portfolio Parameters 175 The Four
Stages of the Business Life Cycle 176 The Maturity Stage 179 Chapter 22: A
Great Dividend Income and Growth Strategy--Part II: Selecting Stocks That
Are Growing Their Dividends for Our Portfolio 183 Chapter 23: A Great
Dividend Income and Growth Strategy--Part III: Selecting Stocks That Are
Growing in Price for Our Portfolio 189 Philip Morris International 192 AT&T
194 A Pretty Good Portfolio Stock 195 Chapter 24: Enhanced Income 199
Covered Option Writing 201 What Does This Have to Do with Options? 202
What? Give Up My Stock? Shame on You! 203 A Bit of Technical Analysis 204
Chapter 25: Portfolio Insurance 207 What Does Buffett Do? 209 So What Can
We Do? 209 Ok, So What Can We Do to Take the Guessing out of Investing? 210
The Amazing Thing About Portfolio Insurance 210 Market Crash Mentality 211
Back to the Crash Mentality 211 Which Scenario Do You Prefer? 211 How Do We
Insure Our Portfolios? 212 Cash, Cash, Cash 213 But How Much Cash? 213 What
Do We Mean by Market Conditions? 215 Chapter 26: What Have You Learned? A
Summary 217 Dividend Income and Growth Strategy 220 Portfolio Insurance and
Enhanced Income 221 Putting the Odds of Success on My Side 222 Chapter 27:
We Won't Leave You Out There Alone 225 www.wiley.com/go/buffettandbeyond
225 The Weekly Video 226 The Computer Program 226 Tutorial Videos 227 For
Individual Investors 227 For Professional Money Managers, Wealth Managers,
and Investment Advisors 228 About the Author 231 Index 233