John Neff has proven time and again over the past three decades that bucking the system can pay off big. During his illustrious career as a money manager, Neff flew in the face of conventional wisdom by consistently passing over the big growth stocks of the moment in favor of inexpensive, underperforming ones-and he usually won. During his thirty-one years as portfolio manager for Vanguard's Windsor and Gemini Funds, he beat the market twenty-two times, through every imaginable stock market climate, while posting a fifty-seven-fold increase in an initial stake. When Windsor closed its doors to new investors in 1985, it was the largest mutual fund in the United States.
* Now retired from mutual fund management, Neff is ready to share the investment strategies thatearned him international recognition as the 'investor's investor.' In John Neff on Investing, Neff delineates, for the first time, the principles of his phenomenally successful low p/e approach to investing, and describes the strategies, techniques, and investment decisions that earned him a place alongside Warren Buffett and Peter Lynch in the pantheon of modern investment wizards.
* Packed with solid advice and guidance for anyone who aspires to using Neff's unique brand of value investing, John Neff on Investing offers invaluable lessons on using price-earnings ratios as a yardstick, zeroing in on undervalued stocks, interpreting earnings histories, and anticipating new market climates. A narrative of Neff's early days-'My Road to Windsor'-reveals the extraordinary mindset and humble circumstances that shaped hiswinning investment philosophy.
* John Neff on Investing offers a unique opportunity to watch Neff in action over the years through excerpts from his personal investing journals. A faithful quarter-in-quarter-out chronicle of a life on Wall Street, the journals provide unprecedented insight into the thinking behind some of Neff's best (and worst) investment decisions, while tracing the evolution of his innovative investment style.
* The first book to reveal fully the long-heralded investment strategies of a Wall Street genius, John Neff on Investing is must reading for investors of every stripe.

Advance Praise for JOHN NEFF ON INVESTING

'You can count on your fingers the number of investment managers that have been able to beat the market over long periods of time. John Neff is one of those extraordinary professionals. Written with grace, humor, and irrepressible Neffian style, this book offers important insights into the methods and long-term rewards of 'value' investing. The serious investor will not want to miss this clear exposition of the successful Neff technique.' - Burton G. Malkiel
Author, A Random Walk Down Wall Street,7th edition

'This book is a must read for anyone who is serious about investing. John Neff's record is well known, and these pages make clear how and why he accomplished what he did. I also recomme