The Virtues of a Great Money Manager

"Virtues of a Great Money Manager" examines the three common characteristics that define legendary investors Jim Rogers, Warren Buffett and George Soros. The qualities that these men posses which makes them unique in the field of investing are:


"Virtues of a Great Money Manager" examines the three common characteristics that define legendary investors Jim Rogers, Warren Buffett and George Soros. The qualities that these men posses which makes them unique in the field of investing are:

  • Wisdom to discern market trends before others
  • Courage to act on their convictions and bet against the crowd
  • Prudence to lock in gains and avoid heavy losses

These conclusions are by no means earth shattering. The value of this paper is how it looks into the character of each of these men and determines what is the source of their strengths. The following are a few quotes from the paper...

"Where does wisdom come from? I often pose this question to friends and associates and the response is most often 'knowledge" or "intelligence'. But if knowledge or intelligence is the correct answer than why do ivery tower economists and Ivy League investment bankers continually fail?...Over and Over again, the "smartest guys in the room" fail and fail brilliantly." (Page 5)

"Great investors are required to run with the heard at times yet go against the crowd when necessary...Most investors are either "go along with the crowd" types or they are contrarians. Great investors have the capacity to do both." (Page 7)

"The final commonality between all great money managers is that they are not obsessed with money...[Rogers] forewent millions in fees to follow his life long dream of traveling the World...Buffett is willing ot share every one of his investing secrets in a $9 paperback...George Soros was once asked at a cocktail party, 'When did you find out that you loved making money?' His response was, 'I don't, I just happen to be very good at it.'" (page 8)

"If you want to succeed at investing, get as far away from Wall Street as you can! Wall Street rewards the very behavior that leads to financial ruin..." (Page 10)

Fill out this form to read this whitepaper:

INVESTING 101

Contact

To discuss your portfolio, please fill out the form below.

WEBSITE DISCLAIMER and COPYRIGHT STATEMENT

McCracken & Company (MAC) is a registered as an Investment Adviser with the State of Texas Securities Board. Our firm's registration with the State of Texas Securities Board is not an endorsement for the firm. The information on this world wide website is for general information purposes only. The MAC is not liable for any decision based on the information of this website. All content expressed herein constitute the judgment of the staff of the MAC. The information contained on this website is from sources that we believe to be reliable however we do not guarantee its accuracy or completeness.

The works of authorship contained in this website in the domain www.investorsadv.com, including but not limited to all design, text, images, charts or other data are owned by McCracken & Company and may not be copied, reproduced, transmitted, displayed, distributed, altered, stored or sublicensed for subsequent use in whole or in part in any manner without written permission from McCracken & Company.