It takes only a few high-quality stocks for a stock portfolio to make the big money. Finding winning stocks is a skill that any serious investor can learn, says Fred Kobrick, veteran stock picker and legendary mutual-fund manager. In The Big Money, Kobrick draws on a lifetime of investing experience to show how he identified four qualities that reliably predict which companies will thrive and grow, producing outsize stock returns.
Kobrick explains how the four qualities of winning companies -- business model, assumptions, strategy, and management (known collectively as BASM) -- are a touchstone for successful investors. They are the key to repeatability, the ability to keep producing success. BASM is important for blue-chip and young companies alike.
Once investors have identified companies with great potential, Kobrick shows them how to use his Seven Steps to financial success to manage their portfolios. All of these principles are embedded in Kobrick's insightful and often entertaining anecdotes.
The Big Money is a book no serious investor can afford to be without.
Frederick R. Kobrick has managed money for more than thirty years. He spent fourteen years as an investment analyst at Wellington Management Company, then joined State Street Research & Management in 1985. He managed the State Street Research Capital Fund, which was one of the five best-performing funds in the country for fifteen years, according to USA Today. Kobrick's Capital Appreciation Fund was included in Money magazine's "Six Funds of the Decade" in 1996, and cited in USA Today as among the five best funds for the entire bull market.
Kobrick left State Street in 1997 to start his own firm, managing three public mutual funds as well as Kobrick Capital, a hedge fund for wealthy individuals and institutions. He was cited by The Boston Globe as one of the top three investors of the 1990s. Kobrick Capital was named USA Today's All-Star Fund of the Year in 1998 and 1999, the only mutual fund ever to win twice.
A frequent guest on financial programs on television, Kobrick currently advises institutions on a pro bono basis and also lectures. He teaches investment management part-time at Boston University, where he has served as a trustee.
"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