Published by FT Publishing International (December 27, 2012) © 2013

Anthony Bolton
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    ISBN-13: 9780273747079

    Investing Against the Tide ,1st edition

    Language: British English

    This authoritative and accessible investment classic promises rare insight into what it really takes to run money in a top-performing investment fund.

    Anthony Bolton, the UK’s most successful stock market investor, tells the story of his contrarian approach to managing money. He provides invaluable lessons on the factors that really matter in picking a stock: the need to identify good managers, how to run a portfolio, the importance of value investing, reading charts and how to trade successfully.

    It’s not easy to continually buy low and sell high. This book gives clear directions for doing well in the stock market, and doing well consistently. Investing Against the Tide shows you how to make the right decisions at the right time.

     

    Anthony Bolton is considered the UK’s most successful stock market investor and fund manager. Over twenty five years he delivered a market-beating return of 20% in his Fidelity Special Situations Fund. How did he do it, and what can you learn from him?

     

    In Investing Against the Tide, Anthony Bolton tells the story of his contrarian approach to managing money. He provides invaluable lessons on the factors that really matter when investing: how to pick a stock, the need to identify good managers, how to run a portfolio, the importance of value investing, reading charts and how to trade successfully.

     

    In this account of financial accomplishment, Bolton reveals the secrets of his success. It’s not easy constantly to buy low and sell high and this book gives clear directions for doing well in the stock market, and doing well consistently. Chapter by chapter Investing Against the Tide shows you how to make the right decisions at the right time and featured key lessons show you how you really can learn from a life running money.

     

     

    Investing Against the Tideis an authoritative guide for investment professionals, offering them a rare insight into what it really takes to run money in a top-performing fund, as well as providing amateur investors the chance to learn the stock-picking strategies from a leading money-manager.

     

      

     

    About the author

     

     

    Anthony Bolton left Cambridge University with a degree in engineering to begin a career in the City. He started as a graduate trainee working for Keyser Ullmann in 1971 before taking up a full time position as an assistant in their investment department. In 1976 he moved to Schlesingers where he became, for the first time, an investment manager. In 1979, aged 29, he was recruited by Fidelity, the international fund management group, as one of its first London-based investment managers, a move that proved to be the launch of a long and successful career. In surveys of professional investors, he is regularly voted the fund manager most respected by his peers. He retired from full-time investment management at the end of 2007, but continues to work at Fidelity as a mentor of the analysts and younger fund managers as well as being involved in overseeing Fidelity’s investment process. His hobby is composing classical music. Anthony Bolton is married with three children and lives in West Sussex.

    Contents

               

                Acknowledgements

     

                Letter about Mr Johnson – (Fidelity’s Founder)

     

                Anthony Bolton’s Portfolio Management Assignments

     

     

    Part 1  - Principles and practices from a life running money

     

    1.         Companies – what makes a good one, and how to work with them

     

    2.         Management – integrity and openness

     

    3.         Shares – looking at them and buying them

     

    4.         How to behave as an investor

     

    5.         How to hold and develop a portfolio

     

    6.         Finance, risks and balance sheets

     

    7.         Valuations, value growth, recovery and other favourite

     

     

     

    8.         Mergers, acquisitions and why it’s good to have your shares bought out

     

    9.         Trading and how to do it

     

    10.       Technical information and the importance of charts

     

    11.       Information and where to find it

     

    12.       The importance of brokers

     

    13.       How the markets really work

     

    14.       Some Observations on Performance

     

    15.              What makes a Good Fund Manager

     

    Part 2 – Experiences and reflections from a life running money

     

    16.       Some memorable company meetings

     

    17.       Some of my best and worst investments

     

    18.       How the industry has changes

     

    19.       Some thoughts on the future of investment management