Joshua Pearl - The Little Book of Professional Investing

In the Little Book series, the brightest icons in the financial world write on topics that range from tried-and-true investment strategies to tomorrow's new trends. Each book offers a unique perspective on investing, allowing the reader to pick and choose from the very best in investment advice today.

Books in the Little Book series include:

The Little Book of Investing Like the Pros by Pearl and Rosenbaum

The Little Book That Still Beats the Market by Joel Greenblatt

The Little Book That Saves Your Assets by David M. Darst

The Little Book That Builds Wealth by Pat Dorsey

The Little Book That Makes You Rich by Louis Navellier

The Little Book of Common Sense Investing by John C. Bogle

The Little Book of Value Investing by Christopher Browne

The Little Book of Big Dividends by Charles B. Carlson

The Little Book of Main Street Money by Jonathan Clements

The Little Book of Trading by Michael W. Covel

The Little Book of Valuation by Aswath Damodaran

The Little Book of Economics by Greg Ip

The Little Book of Sideways Markets by Vitaliy N. Katsenelson

The Little Book of Big Profits from Small Stocks by Hilary Kramer

The Little Book of Currency Trading by Kathy Lien

The Little Book of Bull's Eye Investing by John Mauldin

The Little Book of Emerging Markets by Mark Mobius

The Little Book of Behavioral Investing by James Montier

The Little Book of Hedge Funds by Anthony Scaramucci

The Little Book of Bull Moves by Peter D. Schiff

The Little Book of Alternative Investments by Stein and DeMuth

The Little Book of Bulletproof Investing by Ben Stein and Phil DeMuth

The Little Book of Commodity Investing by John R. Stephenson

The Little Book of the Shrinking Dollar by Addison Wiggin

The Little Book of Stock Market Profits by Mitch Zacks

The Little Book of Safe Money by Jason Zweig

Copyright 2020 by Joshua Pearl and Joshua Rosenbaum. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

Published simultaneously in Canada.

Cover image: banner. Michael M Schwab/Getty Images

Cover design: Wiley

Author portraits: Noli Novak

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Library of Congress Cataloging-in-Publication Data:

ISBN 978-1-118-28140-6 (cloth)

ISBN 978-1-119-38826-5 (ePDF)

ISBN 978-1-119-38810-4 (ePub)

To the memory of my grandfather, Joseph Pearl, a Holocaust survivor, for his inspiration to persevere and succeed.

J.P.

In loving memory of Ronie Rosenbaum, an inspiration for strength and selflessness.

J.R.

Please feel free to contact JOSHUA PEARL and JOSHUA ROSENBAUM with any questions, comments, or suggestions for future editions at:

JOSHUA PEARL, AUTHOR

JOSHUA PEARL has served as a Managing Director at Brahman Capital, a long/short equity asset manager. He focuses on public equity investments and special situations utilizing a fundamentals-based approach. Previously, he structured high yield financings, leveraged buyouts, and restructurings as a Director at UBS Investment Bank. Prior to UBS, he worked at Moelis & Company and Deutsche Bank. He received his BS in Business from Indiana University's Kelley School of Business. He is also the co-author of Investment Banking: Valuation, LBOs, M&A, and IPOs.

JOSHUA ROSENBAUM, AUTHOR

JOSHUA ROSENBAUM is a Managing Director and Head of the Industrials & Diversified Services Group at RBC Capital Markets. He originates, structures, and advises on M&A, corporate finance, and capital markets transactions. Previously, he worked at UBS Investment Bank and the International Finance Corporation, the direct investment division of the World Bank. He received his AB from Harvard and his MBA with Baker Scholar honors from Harvard Business School. He is also the co-author of Investment Banking: Valuation, LBOs, M&A, and IPOs.

RAYMOND AZIZI, EDITOR

RAYMOND AZIZI is a Portfolio Manager at Weiss Multi-Strategy Advisers where he manages a long/short equity portfolio. Previously, he was an investment professional at Lehman Brothers Merchant Banking where he focused on leveraged buyouts and growth capital investments. Prior to his private equity role, he worked in the Investment Banking Division at Lehman Brothers. He received his BS in Business from Rutgers University and his MBA from The Wharton School of the University of Pennsylvania. He is also a contributor to