Book Review - Money Masters of Our Time by John Train

I recently finished reading Money Masters of Our Time by John Train. I read The New Money Masters a few years ago and loved it, so I decided to give this one a try as well. In Money Masters of Our Time, Train looks at the investment strategies of 17 of the world’s most successful investors. He interviews each of them and documents their strategies, great achievements, great failures, and a little bit about their personal lives as well.

I can’t say enough about Train’s writing style when it comes to this series, he manages to keep the reading light and fun while providing a lot of very detailed content on how the Masters manage money.

Money Master of Our Time outlines the investment approach of the following investors:

• T. Rowe Price
• Warren Buffett
• John Templeton
• Richard Rainwater
• Paul Cabot
• Philip Fisher
• Benjamin Graham
• Mark Lightbown
• John Neff
• Julian Robertson
• Jim Rogers
• George Soros
• Philip Carret
• Michael Steinhardt
• Ralph Wanger
• Robert Wilson
• Peter Lynch

As you can see, its a great mix of different personalities. Where Benjamin Graham focused nearly completely on fundamental analysis of a stock and held for the long term, Michael Steinhardt was much more of a speculator looking to make profits off short term moves in a stock, bond, or currency.

Reading books like these excite me about the financial markets. Seventeen different investors were profiled, seventeen different investment strategies were described, and all seventeen of them have been very successful over the long run in the financial markets.

The paperback version is available on Amazon for less than $12.

Link to the book on Amazon