The Sleuth Investor Book Review

The Sleuth Investor Book Review

The Sleuth Investor by Avner Mandelman is a different kind of investment book than most other financial books which cover more traditional aspects of investing.  This book focuses squarely on what a small investor (or firm) should be doing in order to gain an advantage against the rest of the market.  As the title depicts, the advantage investors with a smaller capital base can gain is by physically “sleuthing” the target investment company.  Because many analysts and larger investment firms do not do much physical investigation, one can theoretically gain an advantage by doing the more difficult work. The author runs an investment firm called Giraffe Capital , and claims to have used the techniques he presents in the book to build great wealth over time.  The Sleuthing technique focuses on three major areas – People, Product and Place/Periphery.  Each area has at least one chapter dedicated to it, and examples that use fictitious names as to not call out any firms.  In essence, people are individuals inside and outside of the company that may be important to talk to or even watch what they do.  The book rides a slippery slope between what is legal and not legal, and…

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