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Najwięksi inwestorzy

Najwięksi inwestorzy

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John (Jack) Bogle

John (Jack) Bogle



Born:Montclair, New Jersey in 1929Employer:Founder and Chairman of

The Vanguard Group

Most Famous For:Often referred to as the father of

index fund

investing, he's the creator of the first S&P 500 index fund.

Less Celebrated For:Admits that

mutual funds

"haven't been up front

with investors - top fund performance has always been followed by

mediocre returns". Quote:"If you have trouble imagining a 20% loss in

the stock market, you shouldn't be in stocks."

Background:

Bogle is considered a pioneer in the mutual fund industry. He introduced

the first

S&P 500

index fund ever - the Vanguard 500 Index - which

debuted in 1976. On countless occasions, he has stated that investors

shouldn't be so worried about trying to beat the markets and should join

the markets instead. His index funds were characterized as low cost and

low maintenance and allowed several millions of investors to participate

in the greatest bull market ever.

He rejects "today's emphasis on witchcraft and mystery" in investing,

and supports a "back to basics" strategy. In his opinion, these are the

investment principles which have proven to be successful for over 75

years.

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Warren Buffett

Warren Buffett



  Born:Omaha, Nebraska in 1930Employer:

Berkshire Hathaway

ChairmanMost Famous For:A

$10,000 investment into Berkshire Hathaway when Buffett took control in 1965 would be worth over

$50 million today. By comparison, $10,000 in the

S&P 500

would have grown to only $500,000.Less

Celebrated For:Buffett is considered by many to be a real Scrooge. This is mainly because he has not

been particularly charitable, despite his $36 billion net worth.Quote:"If past history was all there was to

the game, the richest people would be librarians."

Background:

Also known as "The Oracle of Omaha," many people consider Buffett the greatest investor ever. Even

with all the success and accolades, he still lives in the house he bought for $31,500 over 40 years ago.

What's most intriguing about Buffett is that he is one of the few extremely rich people who has

amassed wealth solely through investing in stocks. His investment strategy of discipline, patience and

value

consistently outperforms the market and his moves are followed by thousands of investors

worldwide.

He is also famous for not joining the infamous tech/Internet stock rally in the late 1990s, stating that he

refuses to invest in companies that he can't visualize 10 years down the road.

Great Buffet Quotes

"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1."

"Someone's sitting in the shade today because someone planted a tree a long time ago."

"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the

subway."

"Risk comes from not knowing what you're doing."

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Peter Lynch

Peter Lynch



  Born:United States in 1944Employer:Former

Fidelity

fund manager,

today he is vice-chairman of FidelityMost Famous For:When he started

managing the Fidelity Magellan Fund in 1978, it had assets of $20 million.

When he retired in 1990, it had assets of $14 billion. Less Celebrated

For:Some people were none too pleased when Lynch, one of the greatest,

retired at the tender age of 46. Quote:"Go for a business that any idiot can

run - because sooner or later, any idiot probably is going to run it."

Background:

Lynch is arguably the world's most famous mutual fund manager. Often

described as a chameleon, he adapted to whatever investment style

worked at the time (

growth

vs.

value

). He was one of the first to uncover

hidden gems such as Dunkin' Donuts, Pier 1 Imports and Taco Bell. People

began to criticize Lynch once his fund surpassed $1 billion in assets in the

early 1980s, but the fund rose to $13 billion less than seven years later. He

admits to taking plenty of risks while managing the Magellan Fund, but he

never suffered a losing year.

According to Valueline, "a $10,000 investment into Magellan in 1978 and

then adding $100 per month, would add up to over $1 million, in 20 years!"

While at the helm of Magellan, Lynch achieved an average annual return of

29% a year.

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Julian Robertson

Julian Robertson



  Born:Salisbury, NC in 1933Employer:Founder/Chairman, Tiger Management

Corp.Most Famous For:A titan of hedge fund investing, his funds today require

a minimum investment of $5 million per person. He turned $8 million in 1980

into over $8 billion in the late 1990s.Less Celebrated For:Remembered for

losing $200 million in 1996 when a "bet" on U.S. Treasuries went wrong.

Quote:"[O]ur mandate is to find the 200 best companies in the world and invest

in them, and find the 200 worst companies in the world and go

short

on them. If

the 200 best don't do better than the 200 worst, you probably should get in

another business."

Background:

At his peak, no one could beat him for sheer stock-picking acumen. Robertson

was the "Wizard of Wall Street" and was paid well for it. In 1993, his

compensation and share of Tiger's mammoth gain reportedly exceeded $300

million. His current estimated net worth is over $400 million.

Robertson had the best hedge fund record throughout the 1980s and early '90s.

The compound rate of return to his investors was 32%.

Because of the "irrational" technology stock craze, Robertson suffered large

losses in the late 1990s. This ultimately led him to close his investment

company and liquidate its $6 billion in investments - investments which had

once reached a high of $26 billion.

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Michael Steinhardt

Michael Steinhardt

 

 



Born:1941Employer:Founder, Steinhardt PartnersMost Famous For:$1

invested with Steinhardt when he founded his firm in 1967 would be worth

$462 today. Less Celebrated For:Steinhardt didn't exactly go out with a

bang. He ended his illustrious hedge fund career in 1995, a year after

suffering big losses.Quote:"In the 1950s and 1960s, the heroes were the

long-term investors; today the heroes are the wise guys."

Background:

Like George Soros, Steinhardt made most of his fortune managing a

hedge

fund

. Hedge funds tend to be risky propositions, especially because they

are usually limited to about 100 investors with minimum stakes of $1

million. This is unlike a mutual fund, which accepts any investor, large or

small. Hedge fund is synonymous with high risk and Steinhardt once

stated: "our fund's risk factor can, at least in theory, vary from plus 200%

to minus 200%." Steinhardt's fund produced an average annual return of

24%, netting him a personal fortune reportedly worth over $500 million.

Lately, Steinhardt has become a prominent philanthropist, giving away

millions of dollars each year to various charities. He is also founder of the

Jewish Life Network, which sponsors a number of major Jewish outreach

initiatives and organizations.

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George Soros

George Soros

 

 



Born:Budapest in 1930Employer:Founder of Soros Fund

Management Most Famous For:A highly respected currency

speculator, he once shorted the British Pound for a one day gain in

excess of $1 billion.Less Celebrated For:Although not entirely

responsible, Soros' comments on the Russian economy contributed

to its stocks plunging 12% in the first hour of trading. Five days later,

the currency had devalued 25%.Quote:"It's not whether you're right

or wrong that's important, but how much money you make when

you're right and how much you lose when you're wrong."

Background:

Known as a hedge fund guru, Soros' expertise is mainly in currency

speculation. He is principal investment advisor for the Quantum

Fund, which is recognized for having the best performance record of

any investment fund in the world over its 26-year history. If you

invested $100,000 in 1969 when Soros established the Quantum

Fund and reinvested all dividends, your investment would have been

worth over $150 million by the spring of 1994. At one point, analysts

estimated Soros was earning over $4000 a minute.

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John Templeton

John Templeton



  Born:Winchester, Tennessee in 1912Employer:Founder of the Templeton GroupMost Famous

For:Created some of the world's largest and most successful global investment funds using his

independent investment strategy. Less Celebrated For:More recently, his funds have failed to

provide the astounding gains his followers were used to, partly due to the recent Asian

recession.Quote:"The time of maximum pessimism is the best time to buy and the time of

maximum optimism is the best time to sell."

Background:

Templeton is a true pioneer of the global mutual fund industry. He has led the charge for teaching

investors to explore the world for great investments. Investing overseas was virtually unheard of

until investors caught on to Templeton's strategy. Today, the Templeton Group's combined assets

exceed $25 billion.

Besides pioneering global investing, a great example of his independent investment strategy

occurred in 1939. With the outbreak of war looming, a twentysomething Templeton bought every

stock selling for under $1 per share on the major exchanges. Within four years, he had

quadrupled his money.

Templeton is one of the strongest proponents of diversification. He once stated that "the only

investors who shouldn't diversify are those who are right 100% of the time."

Another one of Templeton's success stories is a man by the name of Leroy Paslay. He was one of

Templeton's earliest investors, giving him $65,500 to invest in 1954. 40 years later, Paslay was

worth over $37 million.

After making billions through his innovative approach to investing, he has now become one of the

world's greatest philanthropists. In 1987, he founded the $1/4 billion John Templeton Foundation.