‘… an easy read…I’m confident you’ll find someone to inspire you in The Warren Buffetts Next Door .’ (Interactive Investor Blog, December 2010). ‘ The Warren Buffetts Next Door will entertain you’ (Fool.co.uk, December 2010).
From the Inside Flap
From February 2001 through March 2010, an investment in a well–run index fund like Vanguard Total Stock Market would have earned you an annual return of less than 2%. The same investment in Warren Buffett′s Berkshire Hathaway would have netted 6.25% on average per year. Had you invested in Mike Koza′s portfolio, your total return would have averaged 34% per year. Who′s Mike Koza? He′s a civil engineer for the Sacramento County Department of Waste Management. He′s also one of a growing number of armchair investors taking control of their investment portfolios and routinely beating the Street′s biggest names. The Warren Buffetts Next Door is Mike Koza′s story, and the stories of nine others like him. And it′s your guidebook should you decide to take control of your financial future. In The Warren Buffetts Next Door: The World′s Greatest Investors You′ve Never Heard of and What You Can Learn from Them, Forbes′s Matthew Schifrin provides case studies of ten successful investorseveryday peoplewho are investing in themselves, and in the process, experiencing extraordinary returns. Schifrin details their personal stories, along with their investment strategies, trading philosophies, and rules for investing. You′ll learn about: Christopher Rees, who spent close to thirty years of his life roaming from one town to the next working at any job that would pay him enough to continue his travels. Since October 2000, his investments have seen an average annual return of 25% versus 0.21% for the S&P 500 Jack Weyland, a former truck driver whose average annual return since July 2002 is 36% vs. 7% for the S&P 500 Alan T. Hill, a retired educational software executive whose cumulative return since July 2005 is 1,026% vs. 28% forthe S&P 500 There are more than fifty million online investors. Many of these "amateurs" are achieving professional results without the professional commissions. Their names may never be on the level of a Buffett or a Bogle, but people like Koza, Rees, Weyland, and Hill aren′t out to make a name for themselves. They′re out to make enough money to enjoy a lifestyle of their choosing. And that′s exactly what they′re doing. And with The Warren Buffetts Next Door, it′s what you can do, as well. The only real prerequisite to becoming a good investor is committing the time to educate yourself. The Warren Buffetts Next Door offers timeless advice and inspiration for any investor hoping to profit by investing in themselves.
From the Back Cover
The Warren Buffetts Next Door How 10 ordinary people consistently achieve extraordinary returnson their investments (and how you can, too). There are the famous investors whose names you knowBuffett, Bogle, Soros, Lynch, and Templeton. And then there are the Warren Buffetts next door, those successful investors you′ve never heard ofRees, Krebs, Koza, Petainen, and Weyland. The Warren Buffetts Next Door describes how these "regular" peopletractor–trailer drivers, radio DJs, and college dropoutsutilize an armament of online information, tools, and resources to routinely outperform professional brokers and Wall Street′s Ivy Leagueeducated investors. "Matt Schifrin has written one of the most unusualand usefulinvestment books you will ever find. Instead of trotting out some supposedly surefire formula on how to get rich, Matt has chronicled the successes of ten individuals you have never heard of." From The Foreword By Steve Forbes "Matt Schifrin′s inspiring, easy reading, and eye–opening The Warren Buffetts Next Door shows that exceptional investors come from the wide ranks of normal lifejust with intelligence, drive, focus, and commitment. They aren′t Wall Street trained and operate solely for themselves in wildly different ways and could be youif you just learn what they have to teachwhich Matt gives you." Ken Fisher, 25–year Forbes columnist, New York Times bestselling author, and founder and CEO, Fisher Investments "Matt Schifrin′s Warren Buffetts Next Door is living proof that the Internet has become a game–changer for many individual investors. It also should send a loud warning to established Wall Street firms." Om Malik, founder, GigaOM "I like the stories, I like the people, and I like the ′how to,′ which cover many facets of the investment horizon. The Warren Buffetts Next Door is a successful interplay of how individuals have combined a passion for investing into profitable investing." Mario Gabelli, founder, Chairman, and CEO, GAMCO Investors "A first–class reporter, Matt Schifrin has cracked the code on a small group of do–it–yourself investors taking direct aim at Wall Street′s biggest brokers. Their unique styles may not be replicable, but the zeal with which they pursue their passions is." Daniel P. Wiener, Editor, The Independent Adviser for Vanguard Investors
About the Author
Matthew Schifrin is Vice President and Investing Editor at Forbes Media LLC. He oversees money, investing, and personal finance content in Forbes magazine and on Forbes.com, including its Intelligent Investing and Financial Adviser Network. Schifrin also manages Forbes Newsletter Group and Forbes iConferences, and was the founding editor of Forbes.com′s Best of the Web. As an investigative reporter, his articles have been featured on the cover of Forbes magazine dozens of times and he has been a finalist for an American Society of Magazine Editors National Magazine Award. Schifrin is a frequent speaker at investor conferences and has appeared numerous times on radio and television.