Tuesday, June 17, 2008

Jim Slater: Return To Go

Yesterday, in our discussion on entrepreneurship, we posted a link to entrepreneur Luke Johnson's recommended reading list.

While glancing at the list again, I was interested to see a book called, "Return To Go", an autobiography by British investor Jim Slater.

I actually happened to be reading about James Slater the night before. Although he is a very famous investor in his native England (and was later known to US investors through his writing and his popularization of the PEG ratio), I had never heard of him until I stumbled upon his Investopedia "Greatest Investors" profile.

Apparently, Slater obtained his knowledge of the markets
while bedridden from illness and searching for an alternate source of income.

After his investment banking career went south and he found himself in debt to the tune of a million pounds, Slater used his business and investing acumen to claw his way back to prosperity, doing private investment deals and establishing himself as a popular financial columnist and stock advisory letter writer.

Although the book seems to have been published before Slater fully reclaimed his place at the top (1978), there are probably some very interesting stories and valuable life lessons included here. So Luke Johnson's recommendation of, "Return To Go", is one more item on my list of future reads.

I wonder how many other great stories there are to uncover in the fields of business and investments. Do you have a favorite book which highlights the life and trials of a talented businessman or investor?