The 52-Week Low Formula
A Contrarian Strategy that Lowers Risk, Beats the Market, and Overcomes Human Emotion
Published on 7. April 2014
240 pages
978-1-118-85353-5 (ISBN)
Description
A new but timeless strategy and mindset that should greatlyhelp investors lower downside risk while achieving marketoutperformance
In The 52-Week Low Formula: A Contrarian Strategy that LowersRisk, Beats the Market, and Overcomes Human Emotion, wealthmanager Luke L. Wiley, CFP examines the principles behind selectingthe outstanding companies and great investment opportunities thatare being overlooked.
Along the way, Wiley offers a melding of the strategies used bysuch investment giants as Warren Buffett, Howard Marks, MichaelPorter, Seth Klarman, and Pat Dorsey. His proven formula helpsinvestors get the upper hand by identifying solid companies thatare poised for growth but have fallen out of the spotlight.
* Shows you how to investigate companies and identifyopportunities
* Includes detailed discussions of competitive advantage,purchase value, return on invested capital, and debt levels
* Presents several case studies to examine companies that haveovercome obstacles by trading around their 52-week lows
The 52-Week Low Formula is a must-read for investors andfinancial advisors who want to break through conventionalstrategies and avoid common mistakes.
More details
Other editions
Additional editions
Luke L. Wiley
The 52-Week Low Formula
A Contrarian Strategy that Lowers Risk, Beats the Market, and Overcomes Human Emotion
Book
05/2014
Wiley
€33.00
Shipment within 15-20 days
Persons
LUKE L. WILEY, CFP®, CRPC, is the Senior VicePresident of Wiley Wealth Management at UBS Financial Services inCincinnati, Ohio. In 2012, he was among the top ten of the 7,000UBS Financial Advisors in client retention and acquisition and hasbeen called upon to provide strategic guidance for other wealthmanagers, financial planners, and investment managers by UBSmanagement. His investment strategy and approach to life wasdefined by 17th century German mathematician Carl Gustav JacobJacobi who once wrote, "Invert, always invert." By solving for theopposite of your intended result, non-traditional paths to successreveal themselves. The idea of finding attractive investmentopportunities within the 52-Week Low lists came about from Wileyreading a book that sells used for about $1,400 written by SethKlarman, Margin of Safety: Risk-Averse Value InvestingStrategies for the Thoughtful Investor.
Content
Introduction xiii
Foreword xxvii
Acknowledgments xxxi
Chapter 1 The 52-Week Formula 1
Chapter 2 Herding and the Bandwagon Effect 19
Chapter 3 Filter 1: Competitive Advantage 25
Chapter 4 Five Common Mistakes Investors Make 55
Chapter 5 Filter 2: Free Cash Flow Yield 67
Chapter 6 The Power of Fear and Decision Fatigue 83
Chapter 7 Filter 3: Return on Invested Capital 91
Chapter 8 This Time Is Never Different 105
Chapter 9 Filter 4: Long-Term Debt to
Free Cash Flow Ratio 109
Chapter 10 The Sunk-Cost Bias and Pride and Regret 131
Chapter 11 Filter 5: The 52-Week Low Formula and My JourneyTrying to Disprove It 137
Chapter 12 The Importance of Embracing a Trailing 12-MonthReturn of -25 Percent 151
Chapter 13 The Problem with Selective Perception andConfirmation Basis 163
Chapter 14 Putting It All Together 169
Afterword 179
About the Companion Website 183
About the Author 185
Index 189
