Independently minded publishing
Menu

Free Capital

How 12 private investors made millions in the stock market

By Guy Thomas

Paperback £19.99 / $29.99
eBook £17.99 / $24.99
Buy now

Free Capital

How 12 private investors made millions in the stock market

By Guy Thomas

Jacket text

3rd edition with new foreword by Ian Cassel

Wouldn’t life be better if you were free of the daily grind – the conventional job and boss – and instead succeeded or failed purely on the merits of your own investment choices? Free Capital is a window into this world.

Based on a series of interviews, it outlines the investing strategies, wisdom and lifestyles of 12 highly successful private investors. Each of them has accumulated £1m or more – in most cases considerably more – mainly from stock market investment. Six are ‘ISA millionaires’ who have £1m or more in a tax-free ISA, a result which is arithmetically impossible without exceptional investment returns.

Some have several academic degrees or strong City backgrounds; others left school with few qualifications and are entirely self-taught as investors. Some invest most of their money in very few shares and hold them for years at a time; others make dozens of trades every day, and hold them for at most a few hours. Some are inveterate networkers, who spend their day talking to managers at companies in which they invest; for others a share is just a symbol on a screen, and a price chart shows most of what they need to know to make their trading decisions.

Free capital – money surplus to immediate living expenses – is the raw material with which these investors work. It can also be thought of as their psychological habitat, free from the petty tribulations of office politics. Lastly, free capital describes the footloose nature of their assets, which can be quickly redirected towards any type of investment anywhere in the world, without the constraints which institutional investors often face.

Although it presents many advanced insights and valuable investment hints, this is not an overly technical book. It offers practical ideas and inspiration, with revealing detail and minimal jargon, making it an indispensable read for novice and experienced investors alike.

About the author

Guy Thomas has been an independent investor since 1999. In his previous life as an employee, he was a research actuary with a firm of pension consultants, and then a university lecturer. He has published papers in academic journals covering insurance economics, actuarial mathematics, and taxation and investment. He is an honorary lecturer at the University of Kent.

www.guythomas.org.uk

Contents

A Note on Names and Details
Foreword by Ian Cassel
Preface

Introduction

I - Geographers

1. Luke: The Big Picture
2. Nigel: Catching the Swings

II - Surveyors

3. Bill: Just the Facts
4. John Lee: Defensive Value and Dividends
5. Sushil: The Apostate Economist
6. Taylor: The Autodidact
7. Vernon: Buying the Glitch

III - Activists

8. Eric: The Networker
9. Owen: Efficiency and Opportunism
10. Peter Gyllenhammar: The Corporate Engineer

IV - Eclectics

11. Khalid: The Day Trader
12. Vince: The Tax Exile

Conclusion




Published: 13/10/2020
Edition: 3rd
Pages: 312
Formats: paperback - ISBN 9780857198822
ebook - ISBN 9780857198839
Media enquiries

If you’d like to get in touch with the author for interview or comment, or you’d like a review copy of this book, please contact us at pr@harriman-house.com or call +44 (0)1730 233870.

Rights

For information on available rights, please contact rights@harriman-house.com

Bulk purchases

We offer discounts for bulk purchases. Please contact specialsales@harriman-house.com for a quote.