Dimensions
162 x 236 x 35mm
The Dick Davis Dividend posits that investors need to abide by certain basic truths if they are to succeed. These underlying truths, though powerful influences on investment success or failure, are seldom brought to the investor’s attention – much less discussed with clarity and candor. They are the eternal “hot tips” waiting to be discovered and utilized.
The book focuses on the big picture. In an affable and engaging style that immediately connects with the individual reader, Davis opens the doors to his insider understanding of Wall Street. The wide range of subjects includes taboo topics like the fallibility of advisors and the irrelevance of news, explanations about the symmetry of the market and durability of major trends, and conversely, the seldom acknowledged role of pure luck. The author offers a workable investing approach based on an informed overview of the market, not a fairyland formula few can follow with success. Neither over-complicating nor over simplifying, it is obvious on every page that Davis’ real concern is for the reader’s success.
But the author does not restrict his discussion to broad concepts. In the portion of the book, “OK, So What Do You Do With Your Money?” The Dick Davis Dividend provides practical advice on how to create a portfolio. Shunning the short-term, get-rich-quick approach, Davis makes a compelling case for combining both passive investing via index funds and active management. On the active side, he highlights a host of elite advisors and managers, all with outstanding, long-term track records. It’s an easy-to-implement strategy that exposes the investor to the best of both worlds.
