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THE BIG MONEY by FREDERICK R. KOBRICK
In The Big Money veteran stock picker and mutual fund manager Fred Kobrick draws on his decades of success to explain his Seven Steps to financial security in any investing climate. Kobrick shows investors how to find the high-quality stocks that will make them wealthy. A stock portfolio needs only a few stocks that appreciate in value ten or twenty times, or one or two stocks that appreciate in value a hundred times or more. Kobrick describes how he found some of his most successful stocks simply by looking carefully at the products and services that customers and investors love, and recognizing great business models that create repeatability, the ability to keep producing success. This is a timeless approach, so what works with Microsoft, Dell, or even Home Depot will work with Google or even newer companies. Kobrick explains that the average investor should not try to emulate a stock analyst or a technician to find great stocks that will generate great wealth. Instead investors must recognize great companies early--by understanding their business model, identifying their assumptions, recognizing their business strategy, and evaluating their management. Kobrick calls those four factors BASM, and they are the cornerstone of his investing philosophy. Great managements grow companies and earnings, driving stock prices higher. Kobrick also offers some tried-and-tested ways to know when you have a winner you should hold, and when you should sell. Throughout the book Kobrick describes some of his biggest successes--as well as a few stocks he missed. His stories about these companies are insightful and frequently entertaining. In bull and bear markets, from retail to high tech, Kobrick has prospered. His stories and his Seven Steps to financial success will show investors what they need to know to do the same thing--prosper in any investing climate. No serious investor can afford to be without this book.
Reviews:
"One of the best stock
pickers I have ever met.
. . .This book breaks
new ground and will help
investors improve their
skills."
--
Peter Lynch
"One of the great
masters of the market,
Fred Kobrick, offers up
the lessons of a
lifetime."
--
Henry Scammell,
Equities
"In The Big Money,
Frederick Kobrick's
confidence and insight,
honed from more than
three decades as a
leading mutual fund
manager and investor,
make his stories worth a
good listen. . . . His
results speak for
themselves."
--
Kerry Hannon, USA
Today
About the Author:
FRED KOBRICK
graduated from
Boston University's
College of Arts and
Sciences in 1969,
close to the top of
his class and first
in economics. He
went on to Harvard
Business School.
There, he earned his
MBA in 1971 and
graduated first in
the investments
course, and began
his professional invesment
career.
Kobrick started
his career as a
profesisonal
investor as a
security analyst at
Wellington Managment
Company and
distiguished himself
with analysis and
stock picks, and
soon was given
stock portfolios to
manage.
Over his
career, he invested
to create one of the
best public and
documented
investment records
in the United States
His top
investment results
came from techniques
that he began with
and then refined
over years and
decades, learning
more and more from
those great
companies and
managements that he
successfully
invested in. Those
are the techniques
described in The Big
Money.
He developed and
used his techniques
of looking at
business models and
managements as he
met with small
companies then going
public, and larger
growth companies, as
well. Over the
years, he met with
Bill Gates when Bill
brought Microsoft
public, Bernie
Marcus when he
brought Home Depot
public, Michael
Dell, Dell, Phil
Knight, founder of
Nike, and countless
more companies,
spending more and
more time with the
managements of those
companies that would
become the great
ones. This all
became the
foundation for Fred
Kobrick's investment
results and the
instructive and
interesting
stories in the book.
RECORD
HIGHLIGHTS:
-
Has run
mutual funds as
well as hedge
funds for high
net worth
individuals
-
Included in
Money
Magazine
cover story “Our
Six Funds of the
Decade”,
1996
-
One of the top 5
funds in America
for entire bull
market, 15
years, USA Today
ranking, 1997
-
Boston
Globe, “Best
Investors of the
‘90’s”
ranking and
article.
-
KOBRICK
CAPITAL FUND:
Included in USA
Today ALL-STAR
Mutual FUNDS,
and won
All-Star Fund of
the Year, 1998
and 1999,
ONLY mutual
fund to ever win
twice.
-
Style of
understanding
managements and
corporate
strategies
frequently cited
in publications
-
Expertise in
technology and
tech
strategies—has
visited tech
managements for
over 3 decades
-
Has appeared
on Wall Street
Week with Louis
Rukeyser, CNNfn,
and has been a
frequent guest
on CNBC
Visit Fred's Website
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