Just One Thing: Twelve of the World's Best Investors Reveal the One Strategy You Can't Overlook

Book Overview

Mastery made easy!

In traveling the shifting terrain of the financial world, one is often met with confusing and even contradictory directions. In the search for a reliable path, there's nothing like a personal guide-one who can show you the most direct route to your goal. In Just One Thing, author John Mauldin offers an incomparable shortcut to prosperity: the personal guidance of an outstanding group of recognized financial experts, each offering the single most useful piece of advice garnered from years of investing.

Never before has such an esteemed assembly of financial gurus offered their most valued insights in such a succinct manner-and in a single volume. In marvelously readable essays of uncommon clarity, each contributor presents the most precious kernel of advice-just one thing-that he would pass on to his own children and his children's children. And now these gems of investment wisdom can be yours.

What is the most important piece of investment advice you can find? Let these twelve investment gurus share with you the "Just One Thing" each of them has learned:
* Rob Arnott
* Bill Bonner
* Ed Easterling
* Mark Finn
* Dennis Gartman
* George Gilder
* Andy Kessler
* Michael Masterson
* John Mauldin
* James Montier
* Richard Russell
* A. Gary Shilling

• Format: Paperback
• Language: English
• ISBN: 0470081813
• ISBN13: 9780470081815
• Release Date: November 2006
• Publisher: Wiley
• Length: 272 Pages
• Weight: 0.72 lbs.
• Dimensions: 0.8" x 5.6" x 8.7"

Customer Reviews

Just One Thing: Twelve of the World's Best Investors . . .

A good follow on to Mauldin's first book on Bullseye Investing. In that book, he passed along his ideas. Knowing that he doesn't have all of the answers, in this second book, he passes along the ideas of some of the top traders and investment advisors. By relying on an expert in the field to do the screening and compilation, this book provides a very efficient way to cover a lot of ground quickly. You don't have to read twelve books. Readers can then choose to dig deeper into the investment principles and ideas they found the most appealing.

A really good introduction from a number of proven investors

Before buying this book you will want to take a look at the list of the 12 authors who wrote chapters for it. If you are familiar with most of the work these authors do than there is probably not much new in the book you'll discover. If you are not familiar with the work of the authors helming the 12 chapters than this book is an excellent place to start for getting a good introduction to a wide variety of important investing topics and non-traditional views on the market. Additionally, the book is very easy to read and a majority of the authors do an excellent job of clearly and briefly explaining the key point they want to make. Highly recommended.

Great Advice from Wise Men

The concept is very good. I recognized and am familiar with several authors. I subscribe to a free investment email service from John Mauldin who is very generous with his investment ideas, and he is able to get other great investment minds to share theirs. I subscribe to Richard Russell's Dow Theory Letters. Gilder and Shiling often write in Forbes. I've read Kessler's Running Money. All 12 authors in this book talk about one theme in a succinct chapter. They have many years of investment experience and their ideas are worth listening to. Shilling's Long Bond chapter explains why investing in the 30-year bond is worthwhile even if you don't expect to live another 30 years! I showed Russell's power of compound interest to my 17 year old and I think it sunk in. Many authors talk about risk and how it is important that it be managed. Oveall,a very useful book, gets you thinking.

Great book for individual investors

Excellent collection of investment wisdom, with each chapter written by a different person. One can pick up the book and read the chapters in any order. I liked the style and the fact that the contributing authors have different perspectives and approaches to the market. There is a lot of information in this book, that can be gleaned without committing to reading a few hundred pages by any one of the individual contributors. Well worth the time.

Make better decisions about your money

Finally, an investment book that is not all about how quickly you can get rich, but that offers practical ideas in how you can gain small but important edges in your investing and prevent yourself from taking the kinds of big losses that all too often destroy portfolios. Especially noteworthy is Rob Arnott's section on rethinking the capital asset pricing model in order to avoid blind adherence to cap-weighted indexing, as well as James Montier's chapter entitled "Psychology Matters" (it does) and Dennis Gartman's list and discussion of rules every trader should follow. Typical of the book is Mark Finn and Jonathan Finn's chapter on why previous performance is generally not the indicator you should focus on when choosing a money manager. Like many of the book's chapters, theirs takes a basic belief about investment management, explains why it's more myth than fact (the Finns label it "hope"), and then gives you a better methodology to use when making decisions about who should manage your money. This book is a quick read that gets to the point; it will definitely make you rethink some of your investment ideas.