John Neff on Investing - Wiley & Sons, 1999 about $40. Cdn
John Neff has been my investment hero for decades. He began running the Windsor fund about the time I received my Commerce degree...in the mid 1960s. Neff has been retired for some years now but is still quoted from time to time in the financial press. This book is written by John Neff and contains many pearls of wisdom. I'm only up to page 60, but it's excellent so far. It could end up being the best investment book I've ever read.. Certainly it will be in the top five along with Loeb's Battle for Investment Survival and the Intelligent Investor.
from the Prologue
"...investment success does not require glamour stocks or bull markets. Judgement and fortitude
were our prerequisites. Judgement singles out opportunities, fortitude enables you to live with
them while the rest of the world scrambles in another direction. Citi [bank in 1991 when prospects
were bleak] exemplified this investment challenge. To us, ugly stocks were often beautiful. If
Windsor's portfolio looked good, we weren't doing our job." p.4
from the Preface
"Eventually good stocks of good companies with solid earnings and low price-earnings ratios
receive the attention they deserve. With patience, luck and sound judgement, meanwhile, you keep
moving forward. That's the nature of the investment game: now and then a windfall, but mostly a
four-yard gain and a cloud of dust. My investment style can give investors a lucrative edge over
the long haul. But if you can't roll with the hits, or you're in to big a hurry, you might as well keep
you money in a mattress."
I shall add more as I read on into the book. Ask for John Neff on Investing for Christmas.