BASM is where your investing fortune lies!
In this great BOS interview Alan speaks with Frederick R. Kobrick, "Master" stock picker, mutual fund manager and author of The Big Money: Seven Steps to Picking Great Stocks and Finding Financial Security . Kobrick shares with us his time proven techniques on how to pick the high performance stocks that can appreciate in value a hundred times plus. Indeed Kobrick (whose friend and competitor Peter Lynch calls him one of the best stock pickers he has ever met), tells us his success formula and explains that by owning just a few "wealth" stocks and following his basic principles you can ultimately become truly rich.
If you find that the technical aspects of investing and information overload have blurred your vision when it comes to picking great stocks, then fear not. In this packed interview Kobrick unleashes his magic formula; B.A.M.S. and the critical Seven Steps that will help you pick the great stocks before everyone else discovers they're great.
This is a gem of an interview; so listen and learn!
Click Here to Listen
In his wonderfully written book Kobrick describes how he found some of his most
successful stocks
simply by looking carefully at the products and services that customers
and investors love, and recognizing the great business models that
create repeatability, the ability to keep producing success. He explains that
the average investor should not try to emulate a stock analyst or a
technician to find great stocks that will generate great wealth.
Instead investors must recognize great companies early -- by
understanding their business model, identifying their assumptions,
recognizing their business strategy, and evaluating their management.
Kobrick calls those four factors BASM, and they are the cornerstone of
his investing philosophy. Great managements grow companies and
earnings, driving stock prices higher. Kobrick also offers some
tried-and-tested ways to know when you have a winner you should hold,
and when you should sell.
The Big Money is a "must read" and according to Peter Lynch, breaks new ground and will help investors improve their skills.
Bio: 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 All-Star Fund of the Year in 1998 and 1999, the only mutual fund ever to win twice.
Every day thousands of salespeople
and business owners spend hours making cold calls, even though they can’t turn
more than 3 percent of cold prospects into customers. If they used referral
selling instead, their prospects would become customers between 50 and 90
percent of the time.
prospecting techniques persist even though most sales reps know they don’t
work. You will learn how to harness the
power of referral selling to boost sales, reduce stress and bring in your ideal
customers.
