The Art of Execution

How the World's Best Investors Get It Wrong and Still Make Millions

By: Lee Freeman-Shor

Narrated by: RJ Malyk

Length: 3 hrs and 9 mins

Publisher's Summary

Over seven years, 45 of the world's top investors were given between $25 million and $150 million to invest by fund manager Lee Freeman-Shor. His instructions were simple. There was only one rule. They could invest in only their 10 best ideas to make money.

It seemed like a foolproof plan to make a lot of money. What could possibly go wrong? These were some of the greatest minds at work in the markets today - from top European hedge fund managers to Wall Street legends.

But most of the investors' great ideas actually lost money. Shockingly, a toss of a coin would have been a better method of choosing whether or not to invest in a stock.

Nevertheless, despite being wrong most of the time, many of these investors still ended up making a lot of money.

How could they be wrong most of the time and still be profitable?

The answer lay in their hidden habits of execution, which until now have only been guessed at from the outside world.

This audiobook lays bare those secret habits for the first time, explaining them with real-life data, case studies, and stories taken from Freeman-Shor's unique position of managing these investors on a day-to-day basis.

A riveting listen for investors of every level, this audiobook shows you exactly what to do and what not to do when your big idea is losing or winning - and demonstrates conclusively why the most important thing about investing is always the art of execution.

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2015 Harriman House (P)2019 Harriman House

Horrible Read - Do not recommend

From an Equity Analyst perspective it was apparent in the first few minutes of listening to this book that the Author did not "get it." Not sure his background but sounded like he came from the world of pension funds (I have worked on this side as well). Overall, did not get anything out of this book and do not recommend. Lee if you read this - your generalizations do not have any application in the real world, but I'm sure they look good on paper. On top of this AMZN would not let me return.

A bit simplicistic in my opinion

In my opinion this book tries to take few concepts putting them together in a very simplistic way. The problem with that is that the result could be more damaging than good. Would have been better to make a longer book instead and go deeper on some topics.

One of the best books on investing

Very important topic for each investor that is not usually discussed in classic investment books

A superior trading book.

I enjoyed this very much. It's smart, to the point, and explains its thesis well. The basic premis is that being right or wrong on an investment is basically a coin toss, and what actually makes the difference between winners and losers is how the investor reacts to subsequent events. He illustrates this using a number of different archetypes, "Rabbits", "Raiders", "Connoisseurs" etc: and explains how each compounds success or failure. I found the archetypes slightly forced, but they do convey the points he is trying to make in a memorable way.

I also appreciated that the author did not feel the need to pad the book out to be longer than it needs to be, as some trading books do.

I would add one small caveat, that the book is concerned with long equities only, held for the long term. This needs to be born in mind when Freeman-Shor suggests buying more of a falling stock, he is talking about a controlled amount of exposure to something priced below what is considered intrinsic value.

The narrator is fine. Although it was an odd choice to select an American voice for a book written by a British author, and where all the examples are British companies, and priced in sterling.

Short and Sweet

The concepts are simple and the book is short. Well worth a few hours.

Good book shame about narrator

Excellent insightful book, it's a shame the narration wasn't better. Annoying voice with dubious pronunciation skills. But if you can get over that then well worth a listen.

Excellent content, but I had better audio before

Excellent content, pronunciation could be sometimes better... But don't take me wrong here, it's excellent anyway.

A very useful audio book let down by a poor PDF

Very interesting and useful.This is a short audio book that I will listen to again.
It is a shame that the PDF has hardly anything in it, so you will have to create your own notes,

A clearly stated strategy for investing.

The content is excellent, well set out and easy to understand. Hopefully it is easy to implement too, with a little self discipline. I found the performance a little flat and wondered if the narrator was really interested in the subject.
I have also bought the hard copy book as I think it will be useful to have as a ready desk top reminder of the issues, and because I think the charts and tables referred to will be interesting and helpful.