Weiss, Stephen L.

The Billion Dollar Mistake: Learning the Art of Investing Through the Missteps of Legendary Investors

Weiss, Stephen L. - The Billion Dollar Mistake: Learning the Art of Investing Through the Missteps of Legendary Investors, ebook


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ISBN: 9780470572665
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Important investment lessons gleaned from the mistakes of accomplished professional investors and billionaire businessmen

The Billion Dollar Mistake is an up-close account of the career-defining mistakes that some of the world's most brilliant billionaire investors have made, and a revealing look at what we can learn from them. Drawing on author Stephen Weiss' twenty-two years experience at some of Wall Street's most prestigious firms, the core of this book is based upon original research and interviews with these legendary investors, who discuss the most significant trade or investment that went against them, the magnitude of the loss, its effect on their businesses-and on their personal lives. To some, these fascinating accounts will read like a novel; to others, it will be a treasured and unique investment guide.

This intriguing book skillfully examines the causal relationship between the quirks of each investor's personality and the mistakes they have committed. Along the way, Weiss provides a series of compelling narrative accounts of the individuals' road to success, the particular mistakes they made, the character flaws that led to them, and the lessons learned. While some investors made errors of judgment, others made errors of perception. The Billion Dollar Mistake

  • Uncovers important lessons learned from the failures of some of the most enduring and accomplished investors, including Kirk Kerkorian, Bill Ackman, Aubrey McClendon and Leon Cooperman

  • Discusses how to incorporate these lessons into your investment discipline and avoid the same missteps

  • Reveals common mistakes made by bigger investors that the average investor can relate-the only difference is in magnitude with more zeros attached to the loss

  • Includes insights on improving your investment endeavors by refining your approach to today's markets

Learning from the missteps of the best in the investment business can help you succeed. With The Billion Dollar Mistake, you'll discover how.

Keywords: billion dollar mistake, investment mistakes, investment missteps, professional investment mistakes, professional investment missteps, investment management mistakes, investment management missteps, learning from investment mistakes, avoiding investment mistakes, understanding investment mistakes, making investment mistakes, investment pitfalls, investment lessons, Stephen Weiss, Stephen L. Weiss, Steven Weiss, Porsche, Volkswagen, short selling, short squeeze, hedge funds, Kirk Kerkorian, David Bonderman, Leon Cooperman, Bill Ackman, Pershing Square, Madoff, Amaranth, Nick Maounis, TPG, Rich Pzena, Chris Davis, Aubrey McClendon, Chesapeake Energy, Viktor Kozeny, Peloton Partners, Adolf Merckle, billionaire, Geoff Grant, Davis Funds, AIG, risk management, private equity, financial risk, net worth, capitalism, derivatives, financial crisis, portfolio management, asset management, due diligence, valuation, cash flow, value investing, momentum investing, style drift, investment style, investment discipline, investment advisors, stock market, housing bubble, bond market, securitization, securitize

John Wiley and Sons, Inc.
Publication year
Page amount
240 pages
Printed ISBN

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