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How to Retire Rich [Paperback]

James O'Shaughnessy
4.0 out of 5 stars  See all reviews (28 customer reviews)

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Book Description

Dec 29 1998
Now in paperback--the groundbreaking investment guide by bestselling author James O'Shaughnessy that shows you the simple way to create the fully funded retirement you deserve.

Even if you think you're in great financial shape and can afford two cars and several vacations a year, the numbers in your savings and retirement plan don't always add up to a wealthy--or financially secure--future.  In How to Retire Rich, investment wizard James O'Shaughnessy uses his revolutionary analysis of the Standard & Poor's CompuStat Database and stock market history to identify exactly which strategies have consistently beaten almost all active stock pickers over the past four decades--and to show regular folks like you how to apply these proven formulas to your 401(k) and your savings plan, and, over time, grow as little as $2,000 into more than $4 million.

By adopting O'Shaughnessy's logical, proven approach and by avoiding hunches, hot tips, and trendy advice from high-profile gurus, you, too, can master the basics of investing, dramatically increase your net worth, and fund the retirement of your dreams.

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From Amazon

Some investment books claim only one true path to stock-market riches. Fund manager James O'Shaughnessy has five, and he has the data to back them up. He was the first independent researcher to be granted full access to a Standard & Poor's database containing computerized information on almost 10,000 stocks going back to 1951. From the data, O'Shaughnessy derived five portfolio-building strategies that, over the past 45 years, have consistently beaten the market average. How to Retire Rich also contains a wealth of useful information on mutual funds, online trading, and using the Internet to research stocks.

From Library Journal

The author, a statistical analyst and founder and president of O'Shaughnessy Capital Management, Inc., builds on his previous What Works on Wall Street (McGraw-Hill, 1996) to demonstrate how investing in the stock market can lead to wealth and security in one's later years: "The path to achieving investment success is in studying long-term results and finding a strategy or group of strategies that make sense." O'Shaughnessy offers strategies based on historical perspective that should beat the Standard & Poor 500 because they involve aggressive investing in not-so-well-known smaller companies. In addition to strategies, he covers good and bad points of mutual funds, making the most of 401k plans, market fluctuations, portfolio management, and a timely chapter on where to find information. This often-quoted author's opinions are presented in a readable style, with several family scenarios providing perspective.
-?Steven J. Mayover, Free Lib. of Philadelphia
Copyright 1998 Reed Business Information, Inc. --This text refers to the Hardcover edition.

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Customer Reviews

Most helpful customer reviews
1 of 1 people found the following review helpful
5.0 out of 5 stars Recommended Aug. 5 2003
Format:Paperback
In Edward Lear´¿fs satirical poem, ´¿gThe Blind Men and the Elephant´¿h, a group of blind men who are completely unfamiliar with elephants happen upon one by chance. They try to describe its shape by standing around it and blindly groping one body part each-- one man feels the animal´¿fs leg, another the trunk, another the tusk, and so on. None of the men comes close to describing the complete elephant, and each man argues with the others over what an elephant really looks like.
I have been investing for nearly a decade, have read a couple dozen books on the subject, and have found the authors to be a lot like Lear´¿fs blind men. Each author manages to accurately describe one particular aspect of investing, or makes one or two good points, but no one gets the whole picture.
The lone exception is James O´¿fShaughnessy writing in _How to Retire Rich_. HTRR not only perfectly describes the entire elephant, it tells you how to ride it, and why you should be riding it. Unlike almost every other book on investing, the instructions are clear, simple and specific. There are no generalities such as ´¿gBuy what you know´¿h. (This suggestion comes from authors such as Peter Lynch, and frankly I find it ridiculous-- if the reader of an investment book _knew_ anything, they wouldn´¿ft need the book.) O´¿fShaughnessy guides you step-by-step through his strategies (you can choose from among five), telling you exactly how to find the individual stocks to buy, how many to buy, and how long to hold them for. There is no fancy footwork involved. Working any of his strategies requires about 90 seconds´¿f worth of effort per year and a grade-school education.
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2.0 out of 5 stars Read What Works on Wall Street instead March 6 2004
Format:Hardcover
In this book Mr. O'Shaughnessy takes four different (fictional) characters and shows them how to use his investing methods to beat the market based on his exhaustive study on what really beats the market. Basically this book takes his knowledge from What Works on Wall Street and makes up stories for these couples.
Mr. O'Shaughnessy thinks we should buy 50 stocks and rebalance those 50 stocks at the beginning of each year. In fact I am surprised that I haven't seen FolioFN giving away his books to their members since his methodology seems to be meant for those of us who have folios.
One of the major things that I didn't like about this book was in his descriptions of how these couples could retire rich he basically cut and paste each one and changed the ending result, in my opinion he made this book very boring and is a waste of paper. The only part of this book I liked was pages 139 and 140 these pages have various "doom and gloom" headlines from 1951-1997 and show that the market always has recovered.
Since now the strategies in this book are out in the public they probably won't even work right, so I would advise the majority of investors to put their money in an S&P 500 index fund since you'd be beating 80% of fund manages without having to do any research.
Reed Floren
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5.0 out of 5 stars Reasonable Runaways performance update... Dec 25 2003
Format:Paperback
A truly amazing strategy. I recently concluded tracking a 25-stock Reasonable Runaways strategy and the results are eye-popping. The portfolio turned in a 77.81% return dating from November 8th, 2002 thru November 7th, 2003. I will be putting real money to work now that I was able to see it with my own eyes...
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5.0 out of 5 stars Reasonable Runaways is a winner! June 12 2003
Format:Paperback
I purchased this book in November of 2002 and subsequently have been tracking a 25-stock reasonable runaways portfolio since November 8th. To date, the portfolio is up 28.65 percent before commissions! Utilizing a Scottrade account at $7 per trade, you would subtract 1.75 percent from that current return. Still 26.90 percent is nothing to sneeze about. If you are under 40, this should constitute a core holding at a minimum in your tax-deferred or Roth IRA account. Good luck to all!
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By A Customer
Format:Hardcover
Jim O'Shaughnessey founded the Cornerstone Growth mutual fund. Subsequently, it was sold to Hennessey Funds and is going strong under new manager Neil Hennessey. The fund is strictly managed according to the "reasonable runaway" formula set forth in the book. For 2001, it gained over 12%, beating the S&P by more than 24%. It is now up approximately 8% for 2002. Morningstar now rates the fund 5-star. (I have no connection with O'Shaughnessy or Hennessey other than investing with them.) It is also easy to run the formulas, and buy the stocks online yourself. It just makes sense--buying value stocks which have appreciated over the past year. Jim's research shows that these stocks will continue to appreciate. Value + momentum = profits. The formula predicts 17% average gains over time and in fact the strategy has earned about 16.9% over the last 5 years, with no significant help from the tech runup. Run the numbers for yourself--17% will make you rich pretty darn fast. Highly recommended reading, and unique among the stock market books I've read for actually making sense and working.
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1.0 out of 5 stars The unwritten chapter Feb. 14 2002
By A Customer
Format:Paperback
The one thing that Mr. O'Shaughnessy omits is that he comes from a very wealthy family and received a large trust fund at age 25. That is the best way to retire rich!
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Most recent customer reviews
5.0 out of 5 stars This is a must read if you ever plan on retiring.
This is an excellent book for anyone that is worried about their retirement and lack of Social Security dependability. Read more
Published on Jan. 5 2002
5.0 out of 5 stars You Can't Do Without This One
O'Shaughnessy's retirement plan is an easy read for any beginner. The strategy is simple, and the author backs up his savings advice with reliable numbers. Read more
Published on Nov. 7 2001
4.0 out of 5 stars Good, but...
I first read this book about 2 years ago and decided to put the Rational Runaways strategy to the test. Read more
Published on March 2 2000
1.0 out of 5 stars This is nothing but a prospectus for O'Shaughnessy's funds
This book does nothing but tell you the formulas O'Shaugnessy uses to run his funds. The book did not teach me how to retire rich, merely some investment techniques. Read more
Published on July 25 1999
3.0 out of 5 stars His research is good-his mutual funds are not
The book made a lot of sense in terms of sticking to a plan and not letting greed and emotions get in the way of a good idea. Read more
Published on March 3 1999
5.0 out of 5 stars Very Informative
If the facts stated in this book work the way the author says then I am in for a great retirement. I am twenty-three years old and already on my way!
Published on March 1 1999
4.0 out of 5 stars Good for beginners. Overall, a well written book.
This is a well written book on the basics of investing and how it can help you retire not only rich, but sooner. Read more
Published on Feb. 25 1999
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