Product Description

Who is the most successful investment manager in Britain? Arguments could rage forever, but no professional would dispute that Anthony Bolton of Fidelity is among the very best. GBP1,000 invested in his Special Situations fund at its launch in 1979, would today be worth more than GBP80,000. No other mainstream UK fund manager has put together such a consistently impressive performance over such a long period. The 80-fold increase represents an average compound growth rate of 19.9 per cent per annum, or 6 per cent per annum more than the FTSE All-Share Index over the same period. This track record is every bit as good as that recorded by American investment superstars such as Warren Buffett and Peter Lynch. Fidelity Special Situations fund is now the largest and most popular fund in the UK, with more than GBP3.6 billion of assets. What are the secrets of Bolton's success? In this important new book, published to coincide with the 25th anniversary of its launch, Jonathan Davis, investment columnist of "The Independent", takes an in-depth look at the way that Bolton goes about his business and analyses in detail the performance of the fund over the past 25 years. In a separate 12,000 word section, Anthony Bolton gives his own personal account of the history of the fund, explains why he believes his contrarian stockpicking methods have worked so well for so long and discloses how he handles the pressures of being the best-known fund manager in London. This book will be required reading for anyone with a personal or professional interest in investment.

Product Details

• Amazon Sales Rank: #139868 in Books
• Published on: 2006-11-01
• Original language: English
• Number of items: 1
• Binding: Paperback
• 216 pages

About the Author
Jonathan Davis has been analysing and writing about financial markets for 25 years. After graduating from Cambridge, his early career was spent a a business journalist on national newspapers, including The Sunday Telegraph, The Times and The Economist. Following a year at MIT's Sloan School of Management, where he wrote a thesis on the investment philosophy of Warren Buffett, he set up his own specialist publishing and consultancy business. He has been writing a popular column about investment in The Independent since 1995. His books include Money Makers, a study of successful professional investors, and a primer on the game of bridge. He is chairman of Investor Publishing, which specialises in publishing high quality material on money and investment, and the founding editor of the specialist newsletter Intelligent Investor.

Customer Reviews

Interesting as far as it goes
Interesting reading for those who have invested in Anthony Bolton's Fidelity funds this book gives a brief career history and attempts to explain his success. He's a contrarian, does not follow the latest fads, relys on hard work and exhaustive research, and... er thats' it.
Despite being a slim volume there is a lot of padding. In one chapter Anthony Bolton tells his story in his own words thus repeating information given by the author in a preceding chapter. I would have liked more stories about the companies he invested in. The ITV controversy is analyzed but surely in such a long and distinguished career there are more such stories that would interest the reader.
As it is full of praise for Fidelity I think they should give it away free to their investors. Although it kept me absorbed for an hour or so, if you follow Anthony Boltons principle of 'searching for value', you can't really rate this one a buy.

Compulsory Reading for All Investment professionals
Worth the price for the chapter written by Anthony Bolton. The rest of the book (written by the author) is interesting but not particularly educational. Would thoroughly recommend though.