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Buying at the Point of Maximum Pessimism: Six Value Investing Trends from China to Oil to Agriculture

Product Description
“Sir John’s ability to comprehend complex concepts and distill these into money-making ideas for his investors was legendary. With this book, Scott Phillips extends Sir John Templeton’s crystal clear vision to some of tomorrow’s most interesting and powerful money-making opportunities. All readers should be prepared to learn–and profit!” –Jeffrey Everett, Founding Partner, Everkey Global Partners   “The brilliant global investing strategy … More >>

Buying at the Point of Maximum Pessimism: Six Value Investing Trends from China to Oil to Agriculture

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Comments 5

  1. deeohbeejay wrote:

    Buying at the Point of Maximum Pessimism begins as an enjoyable, logical and thoughtful debunking of The Great Recession. If Charles Mackay were writing his book, “Extraordinary Popular Delusions and the Madness of Crowds,” present day I am certain he would turn to Phillips to write about the housing bubble and the consumer’s debt burden. As a professional in Institutional Finance I believe this book sheds light on the economy at present and in recent past in an intelligent, digestible manner and does not get lost in the mire of financial nomenclature. Phillips’ ability to “set the stage” serves as an excellent back-drop to his institutional quality investment ideas that populate the second half of the book.

    The true gem in this book is not simply well defined investment ideas, but rather the thought process of how the ideas were obtained. If one can read and understand the author’s viewpoint and embrace the interpretation of Globalization going forward, then the art of being a successful stock picker is unveiled. Another titan of stock picking, Peter Lynch, says “Invest in what you know,” and Scott Phillips points out we know the World is growing, needs to be fed, needs to run, needs to learn and needs to be sustainable (green). The rare earth elements are particularly compelling.

    Lastly, I did notice one reviewer seemed disappointed that it was not a book that literally discusses when to buy a stock and think they had hoped for something that was more related to technical analysis. If you’re looking for a trading book this is probably not it, but if you’re looking for long term investing trends that have a value bent, then I hope you enjoy the read!

    Rating: 4 / 5

    Posted 25 Oct 2010 at 7:24 pm
  2. promethian Daniel wrote:

    This book is about investment themes based on macro-economic forecasts dealing with energy, food, water, certain rare earth elements, etc. The book is not enough about how and when to buy these assets at the point of maximum pessimism.

    The first part of the book is about the financial meltdown and is also not enough about the point of maximum pessimism.

    Since the book is not about “Buying at the Point of Maximum Pessimism”, I was very disappointed.

    If the book had a different title, I still feel those subjects are adequately discussed elsewhere, except perhaps for the subject of investing in rare earths. Also, the review of the financial meltdown added little if anything new to my understanding of the course of events.

    One part I did enjoy is on pages 50-52, which is a memorandum by the late John Templeton forecasting the financial collapse.

    I believe the subject of “Buying at the Point of Maximum Pessimism” is worthy of a book; I hope someone writes it, since this is not that book.
    Rating: 1 / 5

    Posted 25 Oct 2010 at 9:49 pm
  3. Emily Dawson wrote:

    Buying at the Point of Maximum Pessimism is a perceptive book capturing Sir John Templeton’s disciplined investment process. For a long term investor this book makes sense, buy high value stocks for cheap prices. Phillips emphasizes the importance of discipline and timing with this strategy.

    I was particularly interested in the growth opportunities presented in countries such as China and other emerging markets as well as numerous industries including alternative energy sources and aquaculture. I have spent most of my life reading books on value investing and working with US equities; therefore, the book spiked my curiosity for the emerging markets.

    Rating: 5 / 5

    Posted 25 Oct 2010 at 10:57 pm
  4. Jesse Redmond wrote:

    The book is very well written and leaves investors with several ideas they can explore for their portfolios over the next decade. Investments books are difficult to write. Some are too text-book oriented and others make you wonder if the author understands the content. Scott proved that he is not only a talented writer, but also has great command over the topics he is covering. Last, the book is relevant. There are plenty of great books about value stock picking and I personally don’t think we need another one. However; it is much more interesting when proven tactics are applied to new themes and trends. I recommend the book to anyone that is looking for a good read that can provide new ideas for their portfolio.
    Rating: 5 / 5

    Posted 25 Oct 2010 at 11:50 pm
  5. ChrGra wrote:

    I enjoyed reading Scott’s book. He has identified areas of the market that have “Tail Winds” which should be helpful when selecting individual securities with investment merit. The book was well written and easy to read.
    Rating: 4 / 5

    Posted 26 Oct 2010 at 12:20 am

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