Check here for a list of the investment Gurus selected by the Guru Roulette wheel on each podcast. If you missed the podcast, you can find it here to learn more about that guru and their investment philosophy.
MMM-121: David M. Walker
MMM-120: Jason Zweig
MMM-114: Barton Biggs
MMM-109: Eric D. Beinhocker
MMM-103: Kenneth French says active investors spend $100 Billion per year trying to beat the market.
MMM-102: Alan Greenspan advocated the gold standard.
MMM-101: Bill Bonner, author of Empire of Debt: The Rise of an Epic Financial Crisis and blogger at DailyReckoning.com
MMM-098: The rather anonymous FSK gives us a guide to reality, especially for the Remnant.
MMM-097: Jim Rogers says pick individual commodities and Chinese stocks. I say just buy VGPMX or DBC for commodities and then VWO, EEM, DEMSX, or a little FXI for China exposure.
MMM-096: Peter Schiff (named as Ron Paul’s economic advisor the day AFTER I released my podcast) is the author of Crash Proof: How to Profit From the Coming Economic Collapse.
MMM-095: Tobin Smith “knows” that a recession is coming, so sell. He does the ChangeWave investing.
MMM-094: GURUS gone GA GA: Henry Hazlitt, Eugene Fama, Jonathan Clements
MMM-093: Milton Friedman talks about the causes of inflation and how to tame it.
MMM-092: Louis Navellier. Has a book, a website, and a video. Makes money off of telling you how to make money in stocks.
MMM-090: Bill Gross says watch out!
MMM-089: Michael J. Panzer writes a unorganized look at four impending catastrophes.
MMM-088: Steve Forbes wants a flat tax.
MMM-084: Scott Burns has six lazy portfolios.
MMM-083: Tim Harford, the Undercover Economist.
MMM-078: Charles D. Ellis wrote Winning the Loser’s Game. He says active trading is a sucker’s game.
MMM-076: Daniel Kahneman and Amos Tversky developed Prospect Theory. Wiki it.
MMM-074: Pierre-Simon, Marquis de Laplace (March 23, 1749 â€“ March 5, 1827) thought if we could know everything about everything, then we could predict the future.
MMM-071: William Bernstein talks about Uncle Fred’s retirement plan in his book The Intelligent Asset Allocator.
MMM-065: Bill Schultheis is the author of The Coffeehouse Investor and it is all about simplicity in investing.
MMM-064: Russian Guru Roulette winner: David Slothower writes On the Money. He says China may buy US stocks.
MMM-062: Jason Calacanis thinks $2.80 for eight ounces of drip coffee is too much. Do you have any examples of abusive pricing? Call me at 206-734-4763.
MMM-060: Larry Swedroe helps us figure out if we should sell our actively managed fund and pay the taxes in order to get into a better index fund.
MMM-059: Michael Mauboussin has written an interesting book called “More Than You Know: Finding Financial Wisdom in Unconventional Places.” I’m really interested in Power Laws now. Here are some other essays he’s written.
MMM-057: Don McDonald is the host of the Don McDonald show and also a co-host of Sound Investing. He is also the inventor of the Tackamap(tm). You absolutely MUST watch his video workshop on investing. It takes about an hour, so you’ll have to miss one of your TV shows.
MMM-053: Charles Schwab, when asked, “If you could give one bit of financial advice to someone who’s just starting out, what would you say?” His answer, “Buy index funds and ETFs. That might not seem like enough action to a 25-year-old, but it’s the smartest thing to do. Put most of your energy into your work and learn to communicate. I think the people who become really successful are those who sense what others are feeling and how to make them comfortable.”
MMM-052: Paul Samuelson, 91 years old. His wisdom on stocks can be summed up as follows: Market prices are the best estimates of value. Price changes follow random patterns. And future stock prices are unpredictable. “I tell people (investing) should be dull. It shouldn’t be exciting. Investing should be more like watching paint dry or watching grass grow,” Samuelson says. “If you want excitement, take $800 and go to Las Vegas.”
MMM-051: Ken Fisher has written a very different book about investing. The only way to make money is to know something that others don’t. Very interesting, if wordy, read. His website: onlythreequestions.com
MMM-050: Daniel R. Solin has a new book out. Also check out his website, smartestinvestmentbook.com
MMM-049: Henry Blodget has a new book out. Check out his website at http://www.wallstreetselfdefense.com, get his book at
MMM-047: Ray Kurzweil now apparently runs a hedge fund (subscription required), which I can only assume he is trying to leverage his future-predicting powers to stocks. I have a pretty powerful snowglobe that can do the same thing.
MMM-046: John P. Scordo, Esq. does us a great service by aggregating financial research at research-finance.com.
MMM-044: Aaron Brown has written a fascinating book, The Poker Face of Wall Street.
MMM-042: William F. Sharpe gave us the Capital Asset Pricing Model and the Sharpe Ratio. Listen to Pro Money Talk podcast from 28 June and 12 July for an interview with William Sharpe. It is a good one.
MMM-039: Wall Street Week with Fortune Karen Gibbs said, “Jean-Marie Eveillard [is] a bottoms-up value investor and possibly the best fund manager on the planet.”
MMM-038: Burton Malkiel, author of A Random Walk Down Wall Street. This one is a classic. Note, new edition comes out in January 2007.
MMM-037: Frank who?
MMM-036: Bill Miller of the Legg Mason Value Trust (LMVTX) mutual fund. Is the ONLY mutual fund manager to beat the S&P 500 for ten years in a row. He is in grave danger of not making it in 2006. See page 53 of Index Funds: The 12-Step Program for Active Investors for a quote from him.
MMM-034: John “Jack” Bogle founded the Vanguard Group and introduced the Vanguard 500 Index fund, now the largest mutual fund in the world. Read his two books:
MMM-033: Mark Hulbert is the editor of the Hulbert Financial Digest. Why didn’t I think of doing this 26 years ago? It is something I would love to do. Hey, I’m kinda doing it. Oh well, Mark, if you need a replacement gimme a call! Hulbert Financial Digest sample newsletter then click View Sample Issue
MMM-032: Particularly if you are or are thinking about being a stock-picker, read Nassim Nicholas Taleb’s Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life.
MMM-031: David Swensen has beaten 99% of mutual fund managers out there. He got 16% per year annualized return running the Yale endowment fund. Check out his book Unconventional Success: A Fundamental Approach to Personal Investment.
MMM-030: Harry Markowitz, the father of Modern Portfolio Theory, decided that folks were too focused on returns and weren’t looking at risk. Read more about him
MMM-029: Got a question about investing? Don’t ask me, Ask Matt! Matt Krantz of the USA Today answers your investing questions every day of the week.
MMM-027: John Rothchild, author of A Fool and His Money: The Odyssey of an Average Investor. Also co-authored both of Peter Lynch’s books.
MMM-025: William Bernstein the author of The Intelligent Asset Allocator, The Four Pillars of Investing, and The Birth of Plenty. I recommend the 2nd book. Check out his website at efficientfrontier.com
MMM-021: My Investment Idol: Louis Rukeyser. I will (and have) miss you Lou. You have inspired me to try to make investing fun for others.
MMM-019: Andy Beyer the premier horse-racing columnist and author of Picking Winners.
… and … Doyle Brunson!
MMM-017: You should know who our Guru is this time. Here is a link to his New York magazine article. Get rid not only the stock pages, but the WHOLE PAPER.
How about an eBay copy of Trading with the Enemy? You could buy it for $150, read it, then sell it back on eBay!
The other James J. Cramer books:
Confessions of a Street Addict
MMM-016: the Guru Smackdown pitted Joel Greenblatt vs. Robert Haugen
MMM-015: Forgot to remove Phil Town and wouldn’t you know, he got picked again. Like his book!
MMM-014: Phil Town has a book called Rule #1 and also a website called ruleoneinvestor.com. Based upon the principles of value investing taught by Benjamin Graham and Warren Buffet. Don’t Lose Money!
MMM-010: Robert and Sam Stovall, the father-son two-fer this time. Sam writes Sam Stovall Sector Watch for Business Week Online.
MMM-009: Robert Kiyosaki, author of the Rich Dad, Poor Dad books. Read his column at finance.yahoo.com
MMM-008: Jesse Livermore. Noted stock trader from the early 20th century.
MMM-007: Jim Dines writes the Dines Letter and also takes photographs. See them at PhotoCyclips.com. Check out the transcript of his appearance on the Nightly Business Report last October where he talks about uranium stocks and Whole Foods.
MMM-006: Trapper John! Wayne Rogers appears on Fox News Channel’s Saturday morning show called Cashin’ In.
MMM-005: Harry S. Dent the original Age Wave guy predicts a great BOOOM until the great CRASH in 2010.
MMM-004: Prolific author and a diversified portfolio in his own right, our Guru this week is Ben Stein. Read his column at Yahoo! Finance.
MMM-003: Popped right out of Warren Buffet and onto Peter Lynch the former fund manager of the massive Fidelity Magellan Fund. You gotta read his first book Beating the Street. The second one… ehhhh.
MMM-002: Joel Greenblatt is the founder and managing partner of Gotham Capital, a private investment partnership that has achieved 40-percent annualized returns since its inception in 1985.
MMM-001: Jeremy Siegel has two great books about stocks. Pay attention to the Age Wave threat to your retirement savings and the one solution: the Global Scenario.