Below is a partial excerpt from the two new pages followed by link to the full page, which can also be found under Value Investors tab above.
Welcome to our latest issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring Point72 Asset Management losing about 10% in January, Millennium Management on a hiring spree, and hedge fund industry's assets under management swell to nearly Read More
Jesse Livermore always said that it is not what investors say that he is interested in (like rumors or opinions), but what they do. This meant watching the buying, selling and interpreting the execution of orders. Did investors just say they liked a stock or were they actually buying it – this is what Livermore wanted to know? He perfected this skill, and it made him rich.
By the age of fifteen, he had earned profits of over $1,000 (which equates to about $20,000 today).
He was able to master the movement of stock and commodity prices and with this unique and gifted ability; he made millions in the Stock Market. At the height of his Trading Career, Jesse Livermore was a Billionaire when measured in today’s dollars.
John Neff was one of the world’s greatest investors but little is known about him. John Neff managed Vanguard’s Windsor fund from 1964-1995 and produced a return of 14.8% per annum versus 10.6% for the S&P. This is one of the best long term records out of any money manager ever.