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The Warren Buffetts Next Door Profiles 10 Ordinary People Who Consistently Achieve Extraordinary Returns

The Warren Buffetts Next Door Profiles 10 Ordinary People Who Consistently Achieve Extraordinary Returns












Learn about and from those successful investors you’ve never heard of.


Hoboken, NJ (PRWEB) November 10, 2010

Warren Buffett, John Bogle, George Soros, Peter Lynch, and John Templeton–they are famous investors whose names you know. And then there are the Warren Buffetts next door, those successful investors you have never heard of. According to Forbes Editor Matt Schifrin and author of THE WARREN BUFFETTS NEXT DOOR: The World’s Greatest Investors You’ve Never Heard Of and What You Can Learn From Them (Wiley; November 2010; $ 29.95; 9780-470-57378-5, Hardcover), the Internet has truly been a game-changer for individual investors. Armed with technology and tools, previously only available to professionals, amateurs are now achieving professional results without professional commissions or fancy degrees from places like Wharton or Harvard. But not only are these outstanding self-directed investors trouncing market indexes, they are also taking control of their own capital in order to repair cracked nest-eggs and improve their lot in life. They don’t seek the riches of Wall Street, but rather have more modest goals – being able to afford a family vacation every year, sending their kids to a good college, and having enough income to last them through retirement.

In his book, Schifrin provides case studies of 10 regular people who can pick stocks better than the vast majority of all professional advisors and money managers employed by firms like Merrill Lynch and Fidelity. Schifrin details their personal stories, along with their investment strategies, trading philosophies, and rules for investing.

Though Mike Koza lives about 1,350 miles away from Warren Buffett’s Omaha, Nebraska, headquarters, the 51-year-old-civil engineer for the Sacramento County Department of Waste Management applies many of the same Graham & Dodd value principles in selecting stocks for his personal portfolio. Since February 2001, he has been able to achieve an average annual return of 34 percent per year. An investment in Berkshire Hathaway’s stock would have netted 6 percent per year over the same time period. An investment in a well-run index fund like Vanguard Total Stock Market garnered less than 2 percent average annual return.

Koza is not alone. Another Warren Buffett wannabe named Chris Rees practices concentrated deep value investing from his ocean-view home on the north coast of the Dominican Republic. He has a verifiable 10-year average annual portfolio return of 25 percent. Former truck driver Jack Weyland of Reno, Nevada, has developed an expertise in health care and biotech stocks. He has had an average annual return of 36 percent since July 2002. Neither he nor Rees ever completed college, and Weyland spent much of his time picking stocks while on the road driving a tractor-trailer.

Another Warren Buffett Next Door, Alan Hill was able to secure a golden retirement with a single smart stock pick that created a windfall allowing him to build an adobe-style dream home in Placitas, New Mexico. But that was just the beginning, since his retirement in 2005, Hill is making more money investing than he ever did during his career as an executive in educational technology.

All the people profiled in THE WARREN BUFFETTS NEXT DOOR are risk takers but they are also supersensitive to losing their own hard-earned capital so their risks are carefully calculated. They come from all walks of life, but they demonstrate that the only real prerequisite to becoming a good investor is committing the time to educate themselves. They are out to make enough money to enjoy the lifestyle of their choosing. And that’s exactly what they are doing.

THE WARREN BUFFETTS NEXT DOOR offers timeless advice and inspiration for any investor hoping to profit by investing in themselves.

ABOUT THE AUTHOR

Matthew Schifrin is Vice President and Investing Editor at Forbes Media LLC. He oversees money, investing, and personal finance content in Forbes magazine and on Forbes.com, including its Intelligent Investing and Financial Adviser Network. Schifrin also manages Forbes Newsletter Group and Forbes iConferences, and was the founding editor of Forbes.com’s Best of the Web. As an investigative reporter, his articles have been featured on the cover of Forbes magazine dozens of times and he has been a finalist for an American Society of Magazine Editors National Magazine Award. Schifrin is a frequent speaker at investor conferences and has appeared numerous times on radio and television.

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Related Warren Buffett Press Releases

Byd: 2009 To Achieve A Net Profit Of 3.8 Billion, Up 2.7 Times Year On Year Is Expected To Win

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   According to Hong Kong media reports, Warren Buffett turned out well-deserved reputation, its love of shares of BYD (1211) yesterday reported earnings above market expectations in 2009 as more than an annualized growth of more than 2.7-fold, to 3.794 billion yuan (renminbi. Under the same). In the strong domestic demand driven by strong growth in automotive business during the period BYD in total turnover accounted for a substantial increase to 53%, rechargeable battery and cell phone business is decreased in proportion. Has proposed final dividend per share were 0.33 yuan.

3 months receivables increased drastically Jiucheng

BYD in 2009 recorded a total turnover of 39.47 billion yuan, according to an increase of 47.3%, while its profit has even 37.9 billion, compared with market expectations for 32.6 billion yuan, higher than 16%. However, with the amount of coarse rising sales, as well as the company’s Trade receivables and bills, at the end of the year, a total of 9.79 billion yuan, representing more than 2008 liters of Qi Cheng, especially within 3 months of accounts receivable, up to 9.33 billion yuan, an increase of nearly Jiucheng, there is some risk.

Motor Vehicle business accounted for 53% of the first super-cell phone

To benefit from the low-emission passenger car purchase tax by half policies, China’s vehicle sales last year, showed explosive growth, for the first time overtaking the United States as the world’s automotive production and sales superpower.

To domestic-oriented BYD total car sales last year, about 45 million units, an increase of super-1.7 times, have boarded the mainland sales of own-brand car manufacturer first place, while its full-year sales of F3 car around 29 million units, become of the national car sales charts in a single model.

In the sales volume is climbing, driven by sales of BYD Auto business in 2009 recorded 20.99 billion yuan, the annual jump by nearly 1.5 times gross profit has increased substantially. At the same time, the global mobile phone market remained in the doldrums, the company, including its rechargeable battery and cell phone components assembled parts, including IT services, recorded a profit decline during the period. This also make the company’s business division accounted for a major adjustment in place, including automotive business accounted for the proportion of total sales in 2008 compared with an increase of 21 percentage points, to about 53%.

BYD rechargeable batteries last year, revenue decreased by about 34.2% year on year to 40.8 million by the global economic downturn affected cell phones and power tools, lithium-ion batteries and nickel-ion battery sales both fell into the super-3.

In addition, global handset shipments declined, but also to make price reduction pressure from customers and even more to make mobile phone components and assembly services to profit pressures, a decline year on year.

Cooling-off period is less than expected performance this year, last year’s

In addition, the market is widely expected, the mainland market for vehicle sales experienced in 2009, after blow-style development, this year will mark the cooling-off period, major automotive manufacturers revenue will be difficult to maintain last year’s rapid growth, when the BYD’s performance will inevitably be affected by impact.

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You Can Achieve Almost Anything, by Mastering This One Important Skill

Bill Gates and Warren Buffett have it. Bill Clinton is a master; so was Ronald Reagan. Dr. Martin Luther King, Mahatma Gandhi and Mother Theresa used it to inspire millions of people.

In fact, I believe that this single skill is so critical, it is virtually impossible to succeed at anything without it, at least not in any meaningful way.

I’m not talking about positive thinking; assertiveness; negotiating skills; an improved vocabulary, appearance or education; or even the “secret” law of attraction. All of these things are great, and might even contribute to success. But they’re of little value without the skill I’m referring to.

So just what is this super power, used every day by the world’s most successful people to achieve greatness?

Very simply, it is the ability to put yourself in the place of another.

Can it really be that simple? Just walking a mile in someone’s shoes? Well, there’s a bit more to it than that. But if you can truly understand and appreciate a given situation from the other person’s point-of-view, there is almost nothing you can’t accomplish.

Let me explain. Close your eyes and imagine yourself being super successful at whatever it is you want to achieve. Business or career achievement, financial abundance, public acclaim, positive relationships. Don’t just envision the final results – all that money, the big house, the yacht, the respect, the fun. Think about what you would actually have to do to make it all happen.

What kinds of actions, interactions, transactions, conversations, activities are you engaged in? What do you look like in your picture? Are you happy, confident, self-assured? Are there other people in your scene? What do they look like? Are they working against you, struggling or fighting with you, disagreeing with your opinions, trying to make you fail? Or are they cooperating, accepting what you say and do, contributing to your success. Are they buying what you’re selling, showing you respect, supporting your efforts, doing what you ask of them?

In fact, in order to achieve almost any type of success — or in other words, in order to get something you want that you don’t have now ‘ you must have the involvement of others.

That’s right, in just about every area of life, the one thing you absolutely need to succeed is the cooperation, acceptance, approval, buy-in, support or agreement of at least one other person, and probably many more. You might like you believe you can do it all on your own – but in almost every case, you simply cannot. Somebody, somewhere has to respond to your efforts in a favorable manner, one that supports your goals.

For example, if you’re in sales and want to achieve greater selling success, it is necessary for customers or clients to buy more from you.

If you are interested in fast-tracking your career, you’ll need the acknowledgment and recognition of the person or people you report to.

You will never land your dream job unless the person doing the hiring offers it to you.

Negotiating a sweetheart business deal is only going to happen if the person on the other side of the table says, “yes” to your offer.

The list of examples goes on and on. In the sixteenth century, John Donne wrote, “No man is an island, entire of itself,” and it seems he was absolutely correct. When you really think about it, almost nothing ever happens without the participation of others. And by developing the ability to view your interactions with others, whether across a conference room table or the dinner table, from their position, you will be better able to negotiate an outcome that is beneficial to both of you.

In other words, win-win solutions.

Corporate leaders take their businesses to new heights by understanding the needs of their customers, employees and shareholders ‘ and providing the value they demand.

Politicians must speak to the desires and hopes of voters in order to get elected.

Spiritual leaders touch the hearts of entire populations, inspiring great acts of sacrifice, responsibility and charity.

Why not give it a try, and see what kind of results you begin to achieve. Here are some simple steps to get you started.

1. Learn as much as you can about the people you deal with. Who are they really? What matters to them? What do they like? What do they fear? What kind of background do they come from? Advertisers know this; so do politicians. The more information you have about the people you interact with, and what makes them “tick,” the better able you will be to connect.

2. Try to pretend you are the other person or people. How do you feel? What gets you excited? What makes you angry? And most important, what would it require to make you feel good about taking the next step toward an mutually beneficial agreement?

3. Look for the common connection. Consider what really matters to the other person, and also what matters to you. Is there some common thread, some place to find mutual agreement? Search for a way to share a common goal or desired outcome, and build on that.

4. Communicate with them in their language. If the person you’re dealing with spoke only Japanese, it would be difficult for you to make headway (assuming you didn’t speak the language). It’s not just what they need to hear, it’s how they need to hear it that counts. Learn their unique language, and speak it to them. Is it simple or technical? Warm and friendly or businesslike? Quiet or excited? Think about the great communicators of our time, and how they deliver their messages, and you’ll see how important it is to use the right style of communication.

Note: There is an added benefit to approaching your dealings with others in this way. Not only will you start getting more of what you want ‘ you’ll enjoy greater respect in the process.

Go ahead — put yourself in their place. And see what happens. I can’t promise you’ll be the next Gates, Buffett or Clinton. Then again, you never know…

Keith Harmeyer is a marketing, communication and presentation skills expert, author, speaker and creator of The SuperSkill (sm), a proven method for using traditional marketing techniques to achieve personal and professional success. Keith is currently EVP of Marketing & Creative Services at C2 Creative in New York City. You can email Keith at kaharmeyer@gmail.com, or visit his website at http://www.thesuperskill.com .