The Doug Kass name needs no introduction. A longtime student of the
markets, Kass is known to bring keen insight, contrarian ideas, and
humor to any financial conversation. With the release of his new book, Doug
Kass on the Market: A Life on TheStreet (978-1-118-89298-5,
Wiley, November 17, 2014), Kass, President of Seabreeze
PartnersManagement Inc., TheStreet and Real Money Pro contributor,
distills years of knowledge as a hedge fund manager and infamous
short-seller for savvy investors. Sharing anecdotes on his interactions
with Wall Street's most famous names, from Buffett to Cramer to
Cooperman, Kass highlights tricks of the trade, essential value investor
insight, and the secret to being a “smart short.”
Asked about current stock valuation and what in particular will pressure
the markets, Kass says, “Our stock market has obviously
benefited from the liquidity provided by unprecedented monetary easing.
But in the U.S., each progressive quantitative easing has had a more
restrained impact on economic growth, and there is growing evidence that
policy has now become a blunt tool. The Federal Reserve has built a
bridge to growth, but it can't deliver the destination on its own. The
flattening of the yield curve tells a story of slowing domestic
growth. So, if our economy fails to reach "escape velocity" in the
months ahead, we'll see an a-ha moment in which investors, to quote the
singer Peggy Lee, will say, "Is that all there is?"
As one of the most essential voices on Wall Street with a variant view
on stocks, no one can claim to know the tactics and strategies of
successful short-selling better than Kass. His insights can quickly turn
into actionable ideas that make for very profitable trades and
investments, and with the release of this book, Kass aims to equip
readers with:
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The most important things an investor needs to know when evaluating a
prospective company
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The questions fund managers ask in meetings with the C-Suite that the
lay shareholder won't ever learn
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Shorting like a pro
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Data versus instinct
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Interest rates, inflation, and the Fed
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Valuation, bubbles, and momentum
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Ways to right your wrongs
With a profile and a career history that can’t be matched, Kass was
handpicked by Warren Buffett to join him in a roundtable discussion as a
“credentialed” bear at the 2013 annual meeting for shareholders of
Berkshire Hathaway. The book includes an entire section dedicated to the
“Oracle of Omaha” and a recap of Kass’s gentle yet withering
face-to-face riposte against Warren Buffett. Kass recalls this moment as
“one of the most memorable weekends” in his career history.
Doug Kass on the Market: A Life on TheStreet is filled with
insights culled from four decades of experience is all about
contributing to the bottom line, aka, making smarter investment
decisions.
Contact the publicist:
Sadhika Salariya
Publicist
ssalariya@wiley.com
201-748-6782