The Duly Diligent Stock Investor is about investing in stocks as if you were buying a business that you intend to own for a very long time and plan to participate in its profits forever. Investing with that time frame provides the individual investor with insulation from the manic gyrations of Wall Street that usually have little to do with a company’s fundamental value. Long‑term investing in fine companies is not the only way to make money but it happens to be the way famous and very rich investor Warren Buffett has made his billions. Market timing and frequent technical trading work for some people and there are plenty of books available that cover those strategies in depth. This isn’t one of them.
Drawing on what he has learned over his 25‑year career in financing private companies and over 15 years in successfully investing in public companies since his retirement at age 50, Paul Wagner lays out practical principles for selectively building your own personal portfolio of safe and profitable, long‑term investments. Emphasis is on the due diligence process of learning about and understanding the business you contemplate investing in. He skillfully walks you through the process step‑by‑step, helping you to arrive at an informed understanding of your company, its strategies, its financial strength and its value.
While there is some work in being a Duly Diligent Stock Investor, it’s not hard work. Certainly not as hard as completing a difficult New York Times crossword puzzle if you’ve never done one. And while the work involves some numbers, it doesn’t require more than simple arithmetic that can be done on a $2.99 calculator. Importantly, thanks to the internet, all the information you need is available free online.
The Duly Diligent Stock Investor is a welcome contribution to individuals who want to take responsibility for their financial well‑being by investing some of their money in companies which have meaning to them, which they understand and find worthy of their investment dollars.
About the Author
Paul Wagner grew up in Hastings, Nebraska and graduated from North Park College in Chicago with a degree in history. He served three years in the U.S. Army.
In 1997, at the age of 50 and after a 25‑year career in commercial finance and factoring, he retired as a senior vice president of Heller Financial, Inc.
He and his wife Nancy currently enjoy country life in the rolling hills and hidden valleys of southwestern Wisconsin.
Page Count: 116
Binding Type: US Trade Paper
Trim Size: 7″ x 10″
Color: Black and White
Related Categories: Business & Economics / Personal Finance / Investing
Authored by Paul Wagner
Designed by Greg Wagner
Edited by Lisa Bezella