A guided journey revealing hidden values and buried treasures while negotiating the investing landscape.
A metaphorical journey through the hot, shifting sands of the capital markets 'desert' to awaken readers to the urgency of the Behavior Gap -a chronic gap of under-performance relative to the markets experienced by investors worldwide.
This is a roadmap of portfolio management concepts and contrarian tactics that can turn misbehaviors, undue risks, and short-term gambles into longer-term strengths. Through 27 chapters and four tiers, the author progressively introduces more powerful tools & techniques used in the founding and ongoing management of the Oasis Growth Fund, a North American Hedge Fund.
By:
JT Mason
Imprint: John Wiley & Sons Inc
Country of Publication: United States
Dimensions:
Height: 241mm,
Width: 159mm,
Spine: 29mm
Weight: 742g
ISBN: 9781119871088
ISBN 10: 1119871085
Pages: 384
Publication Date: 18 November 2022
Audience:
Professional and scholarly
,
Undergraduate
Format: Hardback
Publisher's Status: Active
Introduction For DIY Investors For Financial Advisors Dedication Foundation Chapter 1. Eyes Wide Open Hierarchy of Value Creation Better Behavior Beats Brains Are you a Consumer, Dabbler, Gambler, Capitalist, or an Investor? Retail Investing - Three Pathways Chapter 2. Choosing the Right Path The Behavior Gap Retail vs Professional investors: Differing Perspectives Capital Markets Behavior: What Works? What Doesn't? Choosing a Path Setting Expectations Chapter 3. Risk 101 Risk: Building a Perspective 16-Step Risk Management Plan Differences in Risk Perspectives: Retail vs Institutional Investors Accountability Creates Value Chapter 4. Setting the Asset Mix A Holistic Risk Overview Risk Capacity Risk Tolerance Required Rate of Return The Asset Mix Decision Chapter 5. Firming our 'Backbone' Keeping it Simple Introducing the 'Three Brains' The Brain The Heart The Guts Building Backbone Chapter 6. The Case for a Planner/Advisor A Professional Backstop Planner versus Advisor Performing an Annual Assessment Hiring a Planner and (or) an Advisor Changing a Planner or an Advisor Going DIY Foundation Comments Tier 1 Chapter 7. The OGF Investment Model Winning Should Never be by Chance Value vs Growth Eight Steps to Building a Purposeful Portfolio Step 1: Setting the Investment Policy Stock Selection Schematic Chapter 8. Stock Selection: Quantitative Filters Step 2: Six Quantitative Filters North American Stocks Market Cap High ROE Ratios Top Line Revenue Growth Bottom Line Profitability Healthy Financial Statements Step 3: Stock Screening Platforms Shhh...Shortcuts Chapter 9. Stock Selection: Brains and the Brawn Step 4: Four Ways to Compare Stock Performance Traits Annual Performance Degree of Volatility Sharpe Ratios Beta 'Muscle' Step 5: Choosing a Stock Research Platform Chapter 10. Stock Selection: Qualitative Filters Step 6: Four Qualitative Filters Leadership Qualities Business Intangibles Socially Responsible Investing Environmental, Social and Governance Standards Chapter 11. Stock Selection: Degrees of Diversification Tangible Benefits of Diversification Step 7: Active Diversification Techniques Economic Sector Industry Correlation Coefficients Summary of Diversification Techniques Final Stage of Stock Selection Chapter 12. Equal Weighting a Portfolio Step 8: Partitioning Capital Equally Between Stocks Chapter 13. Beware those Temptations The Good The Bad The Ugly And the Unnecessary Chapter 14. The Buy-in Importance of the ACB How to Create Value when Trading Trading from Strength Trading Challenges Three Buy-in Methods Lump Sum Investing Deploying DCA ITM Put Contracts Chapter 15. Tools and Resources Education Three Thoughts about Second Opinions Triangulation - Putting it All Together Discount Trading Platforms Books and Authors Expected Time Management Tier 1 Summary Tier 2 Chapter 16. Art of Rebalancing Being Contrarian A built-in Relative Strength Indicator Seven Benefits of Rebalancing Chapter 17. Fees and Accountability Turnover Ratios Calculating your Personal Turnover Ratio Better Trading Practices Behavioral Trading Buffers Measuring your Value Proposition Chapter 18. A Hidden Well of Income 'Sell High, Buy Low' Winning by Winning Non-critical Risk Rewards Worth the Risks Chapter 19. Day Trading 2.0 Capitalism 101 Core Management vs Day Trading Dr. Jekyll and Mr. Hyde An Old Game but with Guidelines Tier 2 Summary Tier 3 Chapter 20. Warren B - The Ultimate Contrarian Understanding the Behavior Gap Principles and Behaviors of the 'Wise One' Success Follows Character Become a Contrarian Chapter 21. Contrarian Cash and Leverage More Effective Cash Management Investor versus Capitalist Raising $USD Cash without FX Fees Dividend Reinvestment Programs (DRIPs) Seven Steps to Effective Debt Management Chapter 22. In Search of Buried Treasures 'Sell high. Buy Low.' Selling Puts on Discounted Stocks Plan A Plan B Plan C Let the Hunt Begin Effective Management of a Portfolio of PUTs X Marks the Spot Chapter 23. It's All About the Sell Selling Protocols The Essence of Capitulation Anger Management Short Selling is Oversold Tier 3 Summary Tier 4 Chapter 24. 'Storm' Forecasting Predictions are the Ugly Side of Forecasting Three Preferred Sentiment Indicators 'The Ultimate Wisdom of the Stock Market Chapter 25. 'Rounding up the Camels' Revisiting the Asset Mix Keys to Moderating Volatility 'Storm' Prepping Getting Reinvested Post 'Storm' Evaluation Chapter 26. Portfolio Protection Portfolio Insurance 101 Why Not Hedge? Three Insurance Decisions Protection plus Two Backups Profiting from Volatility Chapter 27. The Yin of Gold Gold as an Investment Gold as a Hedge Gold for Diversification Gold as Protection Gold as the Reserve Currency Buying Gold at 20-30% Discount Tier 4 Summary Oasis 3.0 Chapter 28. Putting it all Together Chapter 29. The Financial System: Next-Gen The Metaverse Distributive Technology Digital Currencies Borderless, Frictionless, Timeless, and Fairer Chapter 30. A Case for Active Management: The Oasis Growth Fund The Vision Objectives Value Creating Processes Discounted Fee Model Our Philosophies Index
J.T. MASON, CFA, CFP, is an independent Portfolio Manager registered with Fieldhouse Capital Management, Inc. in Vancouver, Canada. Twenty-five years of progressive asset management experience working with several national firms brought him ultimately to launch the Oasis Growth Fund based on client-centric principles. He grew up on a farm where neighbors helped neighbors and a handshake was your contract. Today, these timeless elements of trust underpin both the business model and the investment model of his practice.
