Buffett and Beyond: Uncovering the Secret Ratio for Superior Stock Selection + Website

Construct a portfolio that is sure to outperform market averagesWarren 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 priceDraws conclusions between Clean Surplus Return on Equity and future total returnsShows 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 presentIf you?re an investor, this book will impact your financial life forever. INDICE: PrefaceIntroductionChapter 1: The Purpose of This Book–Your JourneyChapter 2: About Warren BuffettChapter 3: Determining the Earning Capacity of a Company (Now really, can it be this easy?)Value Is Determined by the Creation of WealthThe Beach FactorClean SurplusDetermining an Efficient CompanyTake Your Bank AccountBondsEarning CapacityHow to Determine the Operating Efficiency of a CompanySooooo ImportantYou See ROE Tells Us EverythingLet s Ask WarrenSummary The Key to the Investing BusinessWhy Hasn t the Entire World Figured This Out Yet?You Will LearnChapter 4: My Theory of Why Most Money Managers of the World Cannot Outperform the Market AveragesMy Contest Beware How You Select the Random PortfolioOne Step Beyond BuffettYou Don t Have to WorryFun with Our Portfolio ReviewsIn SummaryChapter 5: A Very Simple Income Statement and an Even Simpler Balance SheetThe Income StatementThe Balance SheetTying Together the Income Statement and Balance SheetChapter 6: The Return on Equity RatioThis Chapter and the Next and the NextChapter 7: The Return Portion of the Return on Equity RatioThe Income Statement: ReturnChapter 8: The Equity Portion of the Return on EquityEarningsAccounting Statements and the Link between ThemThe General Motors StoryImportant; Important; ImportantLet s Not Forget the Main QuestionAddendum to The General Motors StoryChapter 9: How to Determine an Equitable Equity NumberLet?s Review Just a BitOur New Return on Equity EquationWhat Does Warren Buffett Say About All This?Chapter 10: A Very Short Chapter on the Predictability of the Finance Valuation ModelsEfficiency is the KeyCollege and Finance Valuation Models They Just Don t Work Very WellChapter 11: Clean Surplus ROE The Only Comparable Efficiency RatioDeveloping the Tools to Determine the Probability of PredictabilityClean SurplusI Forget, What Are We Looking For? Let s Review!Chapter 12: What Buffett Looks for in a Company, or How Clean Surplus Accounting Recognizes the Quality of a CompanyBuffettThe Consumer Monopoly versus the Commodity Type of BusinessThe Commodity Type of Business:  Companies Buffett AvoidsThe Consumer Monopoly: The Type of Business Buffett LovesChapter 13: General Electric Then and NowHow Buffett Uses Clean Surplus Accounting to Determine the Future Target Price and the All–Important Purchase Price, or Buy Low and Sell HighThe Purchase PriceBack to BasicsA Very Important PointBack to the Good BankBeware, Beware, BewareA Real StockThe P/E RatioBack to the FutureLet s Discount Back The All Important Purchase PriceImportant Note:  ApproximatelyVery, Very Important Addendum to This ChapterChapter 14: General Motors Then and NowThe Blind Kid Gives His OpinionLet s Look at General MotorsHigh ROEConsistency up to 2002CompareThe Blind Kid A Sea StoryA Lesson to Be LearnedSo You See, FolksAddendum to the General Motors SagaChapter 15: The Beginning: the Initial ResearchThe Dow Jones IndustrialsWhy Work with the Dow 30?Constructing the Portfolio: My First Research into Clean SurplusMethodology1987: The Year of the AnomalyBuffett the AnomalyMore Parameters: the Simple RulesThe Test Period ParametersThe ResultsCompounded ReturnsIs There a Correlation between the Roes and the Returns?Getting Published in an Academic JournalChapter 16: Continuing Research: The Doctoral Research on the S&P 500Finally A Lead Clean Surplus Accounting Buffett Graham OhlsonThe Results of the ResearchMethodologyNotice the DifferenceStandardized Against the MarketPortfolio ConstructionResults: First Test PeriodResults: Second Test PeriodBiasSummary of ResultsChapter 17: Rules for Structuring a Great Growth PortfolioDebtChapter 18: Great, Great Job, But You?re FiredA New DefinitionThe Research BeginsThe First ClassTo Teach or Not To Teach?Chapter 19: Stocks on our Radio ShowBack in 2012The Structure of This ReportChapter 20: Stories of Audience HecklersThe Know–it–all Half–BackChapter 21: A Great Dividend Income and Growth Strategy Part I: The Economic Spectrum of Dividend StocksPortfolio ParametersThe Four Stages of the Business Life CycleThe Maturity StageChapter 22: A Great Dividend Income and Growth Strategy Part II:  Selecting Stocks That Are Growing Their Dividends for Our PortfolioChapter 23: A Great Dividend Income and Growth Strategy Part III: Selecting Stocks That Are Growing in Price for Our PortfolioPhilip Morris InternationalAT&TA Pretty Good Portfolio StockChapter 24: Enhanced IncomeCovered Option WritingWhat Does This Have to Do with Options?What? Give Up My Stock? Shame on You!A Bit of Technical AnalysisChapter 25: Portfolio InsuranceWhat Does Buffett Do?So What Can We Do?Ok, So What Can We Do to Take the Guessing out of Investing?The Amazing Thing About Portfolio InsuranceMarket Crash MentalityBack to the Crash mentalityWhich Scenario Do You Prefer?How Do We Insure Our Portfolios?Cash, Cash, CashBut How Much Cash?What Do We Mean by Market Conditions?Chapter 26: What Have You Learned? A SummaryDividend Income and Growth StrategyPortfolio Insurance and Enhanced IncomePutting the Odds of Success on My SideChapter 27: We Won t Leave You out There Alone www.BuffettandBeyond.comSupplementary Materials The Web Site, the Weekly Video, the Computer Program, and Educational Video TutorialsThe Weekly VideoThe Computer ProgramTutorial VideosFor Individual InvestorsFor Professional Money Managers, Wealth Managers and Investment AdvisorsAbout the AuthorIndex. 

• ISBN: 978-1-118-95577-2
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 272
• Fecha Publicación: 04/03/2015
• Nº Volúmenes: 1
• Idioma: Inglés