“The Dick Davis Dividend” - Description of the Book

Straight Talk on Making Money from 40 Years on Wall Street

Dick Davis

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:

• The seldom acknowledged role of pure luck · The irrelevance of news

• The under-appreciated durability of major trends

• The over-exaggerated value of homework

• The predisposition of investors to fail

• The curse 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 My Money?”
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 readers.