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<p>Foreword ix</p> <p>Preface xi</p> <p>Acknowledgments xv</p> <p>Chapter 1 Ten Traits of The World’s Greatest Bargain Hunters 1</p> <p>Chapter 2 Fallen, Not Falling (An Important Distinction) 15</p> <p>Chapter 3 Great Moments in Bottom Fishing: The Fallen Angels Hall of Fame 29</p> <p>Chapter 4 Buy CATS (Cheap and Timely Securities), Avoid Dogs 35</p> <p>Chapter 5 Cycles and Wall Street’s Wheel of Fortune 45</p> <p>Chapter 6 Who Wants to Be a Billionaire? 57</p> <p>Chapter 7 Time Arbitrage, The Rational Investor’s Ally 69</p> <p>Chapter 8 The Pilot’s Checklist For Safe and Effective Investing 77</p> <p>Chapter 9 The Science of Demographics: A Glimpse into the Future 87</p> <p>Chapter 10 How to Pick Stocks: The Fallen Angels Formula 95</p> <p>Chapter 11 Profit from Panic, Corrections, and Volatility 107</p> <p>Chapter 12 The Little Chapter that Makes You a Better Investor 119</p> <p>Chapter 13 Will You Know When to Sell? 131</p> <p>Chapter 14 Real Estate: The Other Fallen Angel Opportunity 145</p> <p>Chapter 15 Ten Fallen Angels for the Next Five Years 155</p> <p>Chapter 16 Stocks and Bonds and Rock and Roll: My Story 163</p> <p>Appendix: Recommended Books, Web Sites, and Helpful Sources 169</p> <p>About the Authors 173</p> <p>Index 175</p>

“If you are looking for a book that explains how to screen stocks for a long-term investment, then start with Wisdom on Value Investing. You'll find it as entertaining as it is informative. His tips just might make you a bundle of money, or protect you from costly mistakes.”<br /> —<i>Thomas Bulkowski,</i> thepatternsite.com, October 2009 <p>“ … I liked this book because it presented value investing in a way that wasn’t intimidating. It touched on a lot of investing topics, such as portfolio management and categorizing Fallen Angels, and subjects I haven’t even mentioned and does so in a very casual and conversational way.”<br /> — <i>Jim Wang</i>, bargaineering.com, January 2010</p> <p>"You really can become a better investor if you pay attention to fundamentals, and look for investments that are underpriced but have good upside potential. You may not score big in a year or two, but you are more likely to see steady gains over the years if you employ some of the techniques in Wisdom's book." ”<br /> — <i>Miranda Marquit</i>, AllBusiness.com, February 2010</p>

<p><b>GABRIEL WISDOM</b> is a co-founder of American Money Management, LLC, and one of the nation's enduring radio personalities. Beginning in 1968 as an underground FM disc jockey, his financial commentaries have appeared in syndication, on CBS Radio, and on NPR. He's managed more than a billion dollars for wealthy investors since 1983, is comanager of two public mutual funds, and hosts a daily program carried on affiliates of the Business Talk Radio Network. Wisdom serves on several boards, including the Harvard Business School Alumni Club of San Diego, and is a licensed private pilot. <p><b>JOE TASH'S</b> earliest recollection of asset gathering occurred on a trip to Florida with his parents when he was five or six years old, with his triumphant victory in a sea shell–collecting contest. Currently, Tash is a popular writer for several newspapers and publications.

<p>Like sheep, we tend to follow a herd mentality—we flock to box office hits, buy the latest in fashion and gadgets—and buy and sell stocks based on the ebb and flow of financial pundits and mainstream investors. <p>Investing in the stock market is one place, though, where it pays to be a lone wolf. Turn on the TV or pick up a newspaper during times of market turbulence, and watch investors act like lemmings marching to sea. Unfortunately, they are also setting themselves up for failure—and devastating losses. <p>In <i>Wisdom on Value Investing: How to Profit on Fallen Angels</i>, seasoned investment adviser and popular broadcaster Gabriel Wisdom lays out a different kind of vision for investing in the stock market, or any other market—one that promises to put <i>you</i> on a unique path to success, far from the anguished cries of the investing masses. Wisdom makes the argument that, rather than following fashion, the smart investor stays calm and waits patiently for the incredible deals—the Fallen Angels—that are certain to come along. <p>Based on Wisdom's professional experience and his popular Fallen Angels investment strategy—which is part classic value investing and part behavioral finance—this wise, easy-to-follow guide reveals: <ul> <li>How to maximize earnings and minimize losses in <i>any</i> type of market</li> <li>The habits of successful investors</li> <li>Why you should buy when everyone is complaining and sell when they are celebrating</li> <li>The importance of having an exit strategy</li> <li>Why we need to learn to live with stock market volatility</li> </ul> <p>Preparing you to take advantage of others' mistakes, <i>Wisdom on Value Investing</i> clearly discusses how stocks with the most promise are ones that Wall Street has temporarily marked down without regard to their underlying value, and explains how this type of value discount provides a margin of safety during difficult times and substantial upside rewards for those who find them early enough. <p>With this tool for investors of all stripes—whether you have been at the game for a while or are just dipping your toes in the market for the first time—Gabriel Wisdom offers his time-tested, popular strategy to getting a leg up on the complex and difficult art of investing.

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