Doug Kass on the Market

Build a bulletproof portfolio with advice from a top market expert

Doug Kass on the Market: A Life on TheStreet™  provides investment advice and guidance from one of the most renowned traders in the world. Author Doug Kass distills his years of experience as a hedge fund manager and infamous short seller to share the theory, technique, and intuition that built his reputation and his portfolio. Anecdotes about interactions with Wall Street's most famous names, including Buffett, Cramer, and Cooperman, highlight tricks of the trade, essential value investor insight, and the secrets to being a smart short.

Doug Kass's reputation as a savvy investor is well-earned and widely recognized. His work on Wall Street gained him heavyweight status, and the friendship, the respect, and the ear of some of the biggest names in finance. As a CNBC regular and 2013 Buffet Bear, Kass is widely known as a trusted source of wisdom and profitable insight. In Doug Kass on the Market, readers learn valuable lessons that that will help them make smarter investment decisions. Kass lists the most important things to know when evaluating a possible long or short investment, and explains the things you're not doing to optimize your portfolio. Topics include:

• Going against the grain
• Data versus instinct
• Valuation, bubbles, and momentum
• Interest rates, inflation, and the Fed

The book also describes how to short a stock properly without losing out and discusses the C-suite conversations that fund managers would never tell a lay shareholder. Kass's record proves the value of his acumen, and this book contains a comprehensive account of his talent and techniques. All investors deserve a chance at a more robust portfolio, and Doug Kass on the Market provides the information and guidance that can make that happen.

DOUG KASS is the president of Seabreeze Partners Management Inc. From 1994 to 1996, he was a senior portfolio manager at Omega Advisors, a $10 billion investment partnership. Formerly, he was executive senior vice president and director of institutional equities of First Albany Corporation and JW Charles/CSG. He was a General Partner of Glickenhaus & Co., and held various positions with Putnam Management and Kidder, Peabody. Doug is the coauthor of Citibank: The Ralph Nader Report with Nader and the Center for the Study of Responsive Law, and since 2003 he has been a guest host on CNBC's Squawk Box. He has an MBA from The Wharton School of the University of Pennsylvania.

DOUG KASS ON THE MARKET Doug Kass on the Market: A Life on TheStreet(tm) is filled with invaluable investment advice and guidance from one of the most renowned traders in the world. Doug Kass distills his years of experience as a hedge fund manager and infamous short seller to share the theory, technique, and intuition that built his sterling reputation and his giant-sized portfolio. To top it off, Kass reveals captivating, behind-the-scenes anecdotes about his interactions with Wall Street luminaries, including Warren Buffett, Jim Cramer, and Lee Cooperman. Doug Kass has a contrarian approach to investing that provides differentiated and hard-hitting analysis that is captured in his thoroughly enjoyable writing style. As a CNBC regular and 2013 Buffett Bear, Kass is widely known as a trusted source of profitable knowledge. Designed to help traders and investors make smarter investment decisions, Doug Kass on the Market offers a wealth of valuable lessons, lists the most important things to know when evaluating a possible long or short investment, and explains the things you're not doing to optimize your portfolio. There are no sacred cows in Doug Kass's investment world, and he tackles even the most taboo of topics including: What to Do When You're Wrong; Shaking Off the Credit Nightmare; Hedge Funds' Dirty Little Debt Secret; and Wall Street Has Sold Out America. He offers solid advice for building your portfolio and shows how to short a stock without losing out. Kass also discusses the C-suite conversations that fund managers would never tell a lay shareholder. With Doug Kass on the Market you will discover the tricks of the trade, tap into Kass's essential value investor insights, and uncover the secrets to being a savvy short investor.

Praise for DOUG KASS ON THE MARKET "Dougie Kass tells it like it is as he navigates the capital markets during one of the most volatile periods in history. The ultimate contrarian, Dougie made the call heard 'round the investment world when he predicted 'A Generation Market Bottom' on The Kudlow Report during the first week of March in 2009 amazingly within 24 hours of the U.S. stock market's actual low." Lawrence Kudlow, CNBC senior contributor and radio host of The Larry Kudlow Show "A must-read for any serious stock market investor. Doug gives the reader invaluable insights garnered over a 40-plus-year investment career. You will be a better investor after learning from Doug's experiences." Leon G. Cooperman, Founder and CEO, Omega Advisors, Inc. "Doug Kass demonstrates profound awareness of financial history, cycles and their extremes, and the need for a value-conscious, unemotional, contrarian approach. These are essential elements in investment success. By reflecting them, Doug helps his readers negotiate the extremes of euphoria and depression and overvaluation and undervaluation that victimize so many investors." Howard Marks, Chairman, Oaktree Capital Management "From longs to shorts to Buffett to Ben Stein and, of course, poker, Doug Kass shares decades of common-sense wisdom on the markets, investing, and life. It is a real treat to read this selection of writings from one of the most levelheaded practitioners of a generation." David Einhorn, Founder and President, Greenlight Capital "Doug Kass has been a serious student of the financial markets and popular culture for decades. He has combined this passion with his exceptional intelligence and common sense to write daily commentaries which I read carefully. Some of his best work is in this book. Over the years he has helped me become a better investor." Byron R. Wien, Vice Chairman, Blackstone Advisory Partners LP "Doug provides both a theoretical and, more importantly, a practical approach to the unfolding dynamics of the U.S. capital market with emphasis on understanding equities and investigating behavior. He provides a good motion picture of what has occurred in the world in the last two decades." Mario J. Gabelli, Founder and Chairman of GAMCO Investors

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