Michael van Biema and Allen Benello speech next week VIA NYSSA – also see our interview the authors of Concentrated Investing: Strategies of the World’s Greatest Concentrated Value Investors and we will hopefully be covering this event
NYSSA Author Series™:
Michael van Biema and Allen Benello
Click here to register – more info below
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Monday June 6, 2016 6:00 PM through 8:00 PM
NYSSA Conference Center
Available as: Live Session
Categories: NYSSA Author Series™, Programs for Members, Seminar, Value Investing
Turning the notion of diversification on its head, concentrated value investors pick a small group of undervalued stocks and hold onto them through even the lean years. While the concentrated investing approach has been championed by Warren Buffett, the best known value investor of our time, a small group of lesser-known investors has also used this proven approach to achieve outstanding returns.
In their forthcoming book, CONCENTRATED INVESTING: The Strategies of the World’s Greatest Concentrated Investors (Wiley, April 25, 2016), the team of Allen Benello, Michael van Biema, and Toby Carlisle chronicle the virtually unknown—but wildly successful—value investors who have regularly and spectacularly blown away the results of even the world’s top fund managers. They unveil the strategies of these investors that make this approach incredibly profitable, while at the same time showing how to mitigate risk over time. Highlighting the history and approaches of top value investors, the authors tell the fascinating story of the investors who dare to tread where few others have, and the wildly-successful track records that have resulted.
CONCENTRATED INVESTING presents a “who’s who” in the concentrated value investing world, each with their own unique story, skillset, and philosophies that have gained them tremendous wealth and accomplishment while flying below the radar—until now. Benello, van Biema, and Carlisle take readers inside the ledgers and playbooks of this select group of history’s elite value investors to uncover their secrets for the new generation of wealth builders.
A crafted collection of illuminating profiles, it gives readers the inspiration and technical insight to look at managing their assets with a value-investor’s eye. Readers will discover the success of Lou Simpson, a former GEICO investment manager and eventual successor to Warren Buffett at Berkshire Hathaway. They will learn about Kristian Siem, described as “Norway’s Warren Buffett,” and the success he has had at Siem Industries. They will hear about John Maynard Keynes, who, while revolutionizing economic thought in the Twentieth Century was revolutionizing the investment returns of the endowment of his alma mater, Cambridge University. Through their stories, the authors show any investor can apply the lessons they can learn from these role models.
If any topic needs an up to date guide, it is value investing, which requires sharp judgment and a strong understanding of what it takes to produce market-beating returns. CONCENTRATED INVESTING will quickly have readers re-thinking the conventional wisdom related to diversification and learning from the top concentrated value investors the world has never heard of. If the frenetic swings of algorithmic trading aren’t giving you the returns you want, look to Concentrated Investing and rediscover value in the market.
“This is more than a book…it is a detailed compendium of the life and temperament of the greatest concentrated investors…the Simpson and Keynes stories are terrific testimonies to both their practice and their learnings over time…the stories of Simpson and Keynes alone…are worth the book price X 100.”
—Charles Royce, CEO and founder, The Royce Funds
“Concentrated Investing may not be for all fiduciaries but the principals highlighted in this book—such as Lou Simpson whose career I have tracked since his days at Shareholders Management to Berkshire Hathaway—underscore this proven approach to long term investing. Pick your best stocks and have concentrated holdings—just as Warren Buffett has done at Berkshire Hathaway.”
—Mario Gabelli, CEO and founder, Gabelli Asset Management
This event will cover:
- Concentrated Investing
- Portfolio Diversification
- Market Beating Returns
What We Will Discuss
- How do you achieve diversification within a concentrated portfolio?
- Are concentrated portfolios more risky?
- Who should use a concentrated approach to investing?
- Why is too much diversification a bad thing?
- What qualities make for successful concentrated investors?
Who Should Attend
PMs, Analysts, CIOs, Students