Value Investing, and the "Fat Pitch"
It was exactly 13 years ago this summer...
Summer camp had ended, and he was bored.
My wife suggested that I take him to work with me.
She thought it would be a good idea for our 15-year-old son to hang out with his pop.
It made more sense to her than him sitting on the porch all day and playing his guitar.
After some struggle, he agreed to drive into the office with me the following day.
On our drive, he asked me what I did for a living exactly.
He'd known I was involved in managing money.
But he wanted to know more, like how I actually researched stocks and what made me buy or sell them.
So, for the rest of the drive in, I explained what I did as best as I could.
I told him that my approach was to find dollar bills that the market was selling for $0.70.
In other words, I wanted to buy into a business that was worth $50 per share but with a stock trading for $35.
We spoke about Mr. Market and how, some days, he's very happy and bids prices up, and other days, he offers them at low prices. My son liked what he heard and couldn't understand why everyone didn’t invest this way.
The best thing that you can do as an investor is to ignore Mr. Market unless it's to your advantage.
Because that's the secret to making real money in the stock market.
But there was one other thing I told him that really knocked his socks off...
I told him that the key to making money is to "only swing at the 'fat pitch.'"
In other words, you should only make a purchase when everything lines up. Otherwise, you should sit on the bench and wait.
My son asked if he could read something about what I'd just told him.
So, I opened up my filing cabinet and pulled out yellowing articles, news clippings, and notes with faded ink.
It was the fruits of a lifetime of collecting investing wisdom.
He took one look at it and said, "Pop, you've gotta be kidding. I'm not reading all this."
He wanted a book to breeze through that would give him all the highlights, instead of sifting through a five-inch-thick folder.
I looked through my bookshelf, but I couldn't find anything that fit the bill.
He then said, "Why don't you write a book and get rid of all this mess?" I thought it was a great idea.
A little more than a year later, the first draft of my book was on its way to my publisher...
Getting Started in Value Investing contains my approach, boiled down to easy and simple terms.
I wrote the book with my son and my mom in mind. I wanted to write a book that could be read in one sitting and that gave investors the lowdown on how to be a smarter investor...
The Reviews Are In
The book came out at the worst possible time: right at the market peak in 2007.
Over the next two years, the economy and the stock market went through the worst financial crisis since the Great Depression.
But surprisingly, my book still sold very well.
I'm so proud that my book received such great reviews — it has a five-star rating. The comments alone made my year.
Some readers said the book was "a great investment in time and money," "highly educational," and that everyone should "buy several and keep them everywhere as a reference."
And after a decade, I thought it was time to write another book.
I started to write it at the beginning of this past year...
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I wanted this book to be shorter and easier to read. My goal was to take what I'd learned over the past several decades and condense it even more.
And after several months of waking up before dawn to write, I finished my book.
The reason I wrote it was because I've been seeing too many investors losing money by doing stupid things. And that really eats me up inside.
At the end of last year, Bitcoin mania was in full swing. People were borrowing money to invest in something that they didn't understand.
Since then, cryptocurrencies are down by more than 50% on average. Some cryptos are even down by more than 90%.
I find it troubling to read about investors who've thrown their life savings into the toilet.
Today, I read about a 45-year-old teacher and mother who borrowed from her life insurance policy to buy cryptos. Her investments are now down by about 90% —gh!
Hitting Wall Street's "Fat Pitch"
My new book is titled, Hitting Wall Street's "Fat Pitch": Secrets from a 35 Year Stock Market Insider.
In it, I share secrets straight from the backrooms of Wall Street.
For example, in Chapter 3, I discuss a simple strategy...
Just following this strategy could allow you to join the group of folks who make outsized returns instead of hoping and praying to eke out a few percentage points for the year.
And when I say outsized gains, I mean it.
This strategy alone has yielded some of the biggest gains over the past few years:
- 230% on General Dynamics Corporation.
- 243% on Raytheon Company.
- 421% on Microsoft Corporation.
- 491% on The TJX Companies.
- 461% on Atrion Corporation.
But by far the most important thing that I reveal is the single stock market strategy that no broker will tell you about. Yet it's proven to deliver massive returns again and again.
Within the next few days, my office will send you an email about how to claim your own copy of my new book.
I can't promise for how long supplies will last. So, I urge you to keep an eye out for your personal email.
All my best,
Founder, Park Avenue Digest
Charles cut his chops on the trading floor of the New York Futures Exchange before he moved on to become a wildly successful money manager on Wall Street.
And with more than 35 years of recommending stocks under his belt, Charles has knocked the cover off the ball. He's compiled an amazing record of success and posted gain after gain for his loyal readers. He's the founder of Park Avenue Investment Club and Insider Alert newsletters.
Charles is also the author of the highly acclaimed book Getting Started in Value Investing.