Publisher's Synopsis
Note that this is an introduction to special situations investing as I disclose in the title. This book outlines the reasons why I choose this style of investing for financial independence. You will discover how this approach achieved returns of circa 18% per annum for the 6 years to mid 2024. I regularly write on my blog at https: //valueinvestingforaliving.com. Don't expect the book to be too US centric. I invest mainly on the Australian Stock Exchange (ASX), including many closed end funds there (known as Listed Investment Companies - LICs). However the themes of the book are relevant for investors across the globe.
WHAT THE BOOK IS ABOUT It is a description of the thinking behind the investment strategies that have worked for me. My strategies have helped me achieve financial independence earlier in life. They have outperformed major equity benchmarks with much lower drawdowns. Please understand this is just my experience. For some investors trying these methods they could potentially work out terribly. You must think about whether the style suits you or not and do plenty of your own research. I certainly believe the majority of investors should stick to a simpler strategy. The book just offers food for thought for some investors who may want to pick their own stocks. It may suit those who do not have a high degree of confidence that the major equity indexes will produce returns similar to historic levels. It might also suit those who prefer a strategy that may see lower drawdowns than the benchmark's experience in major bear markets. E.g., the 2008 bear market.
