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Investing with Anthony Bolton
Sunday 25 March 2007 08:39PM
A new and updated paperback edition of this in-depth study of the career and investment methods of the most successful UK fund manager of his generation is now available at a special price for visitors to this site.
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Description of the book
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. £1,000 invested in his Special Situations fund at its launch in 1979 was worth more than £140,000 twenty seven years later. No other mainstream UK fund manager has put together such a consistently impressive performance over such a long period.
The 140-fold increase represents an average compound growth rate of more than 20% per annum, or 7% per annum greater than the FTSE All-Share Index over the same period. This track record of sustained outperformance stands comparison with that of the greatest American investment superstars such as Warren Buffett and Peter Lynch.
For many years, until the fund was voluntarily split in 2006, Fidelity Special Situations was easily the largest and most popular fund in the UK. What are the secrets of Anthony Bolton's success? This important book, now fully revised and updated, takes an in-depth look at the way that Bolton goes about his business and analyses in detail the fund's outstanding performance.
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 summarises the lessons he has learnt from his long and succesful career. The book is required reading for anyone with a personal or professional interest in investment.
Key Features
** Fully revised and updated second edition with 25 pages of new material and graphics.
** The only full-length book to analyse in detail the strategies and techniques used by the UK's number one professional investor.
** Detailed analysis of the performance of his funds and the lessons that investors can draw from its exceptional track record.
** Written jointly by Anthony Bolton and one of the UK's best known financial authors, a leading authority on the fund management business.
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Table of Contents
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Chapter 1
Daring to be different:
Three decades as a contrarian investor
By Anthony Bolton
Chapter 2
The professional's professional:
The man and his funds
By Jonathan Davis
Chapter 3
Assessing Anthony Bolton's performance:
How good has it been: and why?
By Jonathan Davis
Chapter 4
Implications for investors
(1) The lessons I have learnt
By Anthony Bolton
(2) Finding the next Anthony Bolton
By Jonathan Davis
Appendices
1. Fidelity Special Situations: the performance record
2. How fund analysts see Anthony Bolton
3. Anthony Bolton's 10 largest holdings year by year 1980-2006
4. Fidelity's relationship with companies it invests in
5. An example of Fidelity's in-house research: William Hill
6. Slides from Fidelity Special Values presentation: July 2006
7. A lifetime of music: eight records Anthony Bolton would take to a desert island
8. The first Fidelity Special Situations report to unitholders (October 1980)
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How to order
Email books@independent-investor.comand I will offer you a special discounted price by return.
Call Independent Investor's publishing partners Harriman House on 01730 233870 and quote the Independent Investor website.
Jonathan Davis
Email Jonathan Davis
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