“The Dick Davis
Dividend” - Description of the Book
on Making Money from 40 Years on Wall Street
Widely known and highly regarded investment commentator Dick
Davis offers readers “timeless wisdom” on how to win on Wall Street.
What can you say about successful investing that hasn’t been said
before? Especially a basic book that’s aimed at all 95 million
American investors. How many different ways can you say buy good
stocks cheap, diversify and control your emotions?
“The Dick Davis Dividend” doesn’t avoid these truisms but it
adds others not often discussed:
acknowledged role of pure luck · The irrelevance of news
under-appreciated durability of major trends
over-exaggerated value of homework
predisposition of investors to fail
of being totally and instantly informed
These are just a
few of the strongly held, often unconventional views of a savvy 40
year veteran who speaks from a unique vantage point. Dick Davis is a
pioneer in the financial media. He was the nation’s only employee of
a member firm of the N.Y.S.E. to work full time broadcasting “in
depth” market reports. He did so via radio, TV, a syndicated
newspaper column and a newsletter (“The Dick Davis Digest”-no longer
affiliated). He has been talking to investors since 1965.
Davis is passionate in his belief that certain truths must be seared
into the consciousness of investors to put the odds in their favor.
He has taken 3 1/2 years of his retirement (Davis lives in Boca
Raton, Florida) to write them down in his first book.
The first half of the book is titled, “Deepest Convictions About
Successful Investing After 40 Years On Wall Street”. A few
chapter headings include “Absolutely Nobody Knows The Answers”,
“There’s Always An Exact Opposite Opinion”, “The Market Is Always
King & Final Arbiter” and “After You Buy It’ll Always Go Lower”.
The second half of the book is titled, ”OK, So What Do I Do With
Davis makes a compelling case for combining both passive investing
via index funds, and active investing via stocks and mutual funds.
He focuses on 28 model, buy-and-hold, index fund portfolios, each
one recommended by a leading authority in the world of indexing.
Included are the favorite index portfolios of Burton Malkiel, John
Bogle, Ben Stein, Jonathan Clements, Andrew Tobias and 23 others.
With advice described as “timeless wisdom” by best-selling author
Andrew Tobias, “The Dick Davis Dividend” details what the investor
is up against and how he can deal with it successfully. It’s both
easy to read and profound--- a bluntly honest, heartfelt message
written with clarity, directness and empathy that resonates with