In this article, we will take a look at the 15 most famous investment gurus of all time. If you want to see more of the most famous investment gurus of all time, go directly to 5 Most Famous Investment Gurus of All Time.
Investment gurus do not have a monopoly on wisdom. The markets have changed over time and investment gurus who have done well in one period may not do as well in another period.
With that said, investment gurus do have a lot of experience in the market. Many have invested in the markets for decades and some are successful to a point that they have become billionaires.
Different Types of Investment Gurus
There are different types of investment gurus ranging from value investors to quantitative traders.
Billionaire Warren Buffett is arguably the most famous value investor guru. Buffett’s style is to buy high quality companies with competitive advantages and hold on to them preferably forever. Buffett tends to only buy things he understands and he would prefer to buy stocks at fair to attractive prices.
Billionaire Jim Simons is arguably the most famous quantitative guru. Simons style is to use computers and algorithms to buy and sell thousands of companies with holding periods ranging from very short to forever.
Many of the most famous investment gurus in history have done more than invest well.
Some investment gurus like Benjamin Graham have written books that have inspired other investors. Others like David Tepper have created firms that manage substantial amounts of capital. Another investment guru, John (Jack) Bogle of The Vanguard Group, has helped pioneer a form of investing with The Vanguard 500 Index Fund Admiral Shares (VFIAX) that has saved tens of millions of people substantial fees.
In terms of the most famous investment gurus of all time, each one has invested in the American stock market. One reason for this is that the United States has been the largest economy in the past eight decades. With the American capitalistic system, the United States stock market as a whole has done well in the long term given the growth in the American economy. Even today, the United States is the largest economy by nominal GDP and its stock market is worth more than any other country’s stock market.
Many of the investment gurus on our list have also been long term investors who buy quality companies with competitive advantages and hold them for a long period. Given the growth over time in the United States economy, some of the leading companies that the gurus owned have done really well as a result. With their wealth, many investment gurus have become leading philanthropists.
In terms of the future, it is likely that many of the future investment gurus will also be American given the continued strength in the American economy. The United States continues to lead the world in innovation and its financial system remains the world’s best given the status of the U.S. dollar as the global reserve currency.
2022
2022 has been a challenging year for the markets as high inflation has caused the Federal Reserve to raise interest rates six times. Although inflation has shown signs of potentially peaking, the Federal Reserve has signaled it will raise interest rates further albeit at a slower pace than before.
Given the substantial rise in interest rates, the broader markets have declined and the investing climate in 2022 is different from the investing climate during the low inflation and low interest rate period before this year. Given the changes, it is important to realize that the markets can change.
Methodology
For our list of 15 Most Famous Investment Gurus of All Time, we picked 15 investors that several other websites also rank as investment gurus. We then aggregated the picks.
15 Most Famous Investment Gurus of All Time
15. Michael Steinhardt
Michael Steinhardt is regarded as one of Wall Street’s greatest traders in history whose firm, Steinhardt Partners, averaged an annual return of 24.5% between 1967 and 1995. As a result of his successes, Michael Steinhardt has a net worth of $1.2 billion according to Forbes. Michael Steinhardt is also regarded as a pioneer of the modern hedge fund.
14. David Swensen
David Swensen was an endowment fund manager for Yale University who was known for ‘The Yale Model’ which he invented with Dean Takahashi. Under Swensen, Yale’s endowment averaged an annual return of 11.8% from 1999 to 2009 which beat the market. As a result, numerous other endowments and institutions have tried to copy the Yale Model with many realizing only mixed success given that a big reason for Swensen’s outperformance was manager selection. Swensen ranks #14 on our list of 15 Most Famous Investment Gurus of All Time.
13. Philip Fisher
Philip Fisher is most famous for being the author of the book, Common Stocks and Uncommon Profits. Fisher is also known for being an early proponent of growth investing. Like Benjamin Graham, Philip Fisher was an inspiration to famous value investor Warren Buffett.
12. Peter Lynch
Peter Lynch is a mutual fund manager famous for managing the Magellan Fund at Fidelity Investments where he averaged a 29.2% annual return between 1977 and 1990. That was more than double the performance of the S&P 500 during the time period. Peter Lynch is also the author of the book, One Up on Wall Street.
11. John Templeton
John Templeton was an investor and fund manger who created the Templeton Growth Fund which famously averaged growth of more than 15% per year for 38 years. As a student of the father of investing, Benjamin Graham, Templeton was a contrarian investor who liked value stocks that were overlooked by investors. He was also one of the first investors to invest in Japan in the 1960’s.
10. Benjamin Graham
Benjamin Graham was an economist who is known for being the father of value investing. Graham wrote the book entitled The Intelligent Investor and is famous for being an inspiration to value investors Warren Buffett and John Templeton. Benjamin Graham was also a fund manager who averaged annual returns of around 20% from 1936 to 1956.
9. Charlie Munger
Billionaire Charlie Munger is the vice chairman of Berkshire Hathaway which is also a giant conglomerate in addition to being an investing fund. Like Warren Buffett, Charlie Munger is a value investor who believes in buying quality companies below their intrinsic value and holding them forever if possible. Berkshire Hathaway’s largest holding at the end of the third quarter was Apple Inc. (NASDAQ:AAPL) with a stake value of $123.7 billion.
8. Stanley Druckenmiller
Stanley Druckenmiller is the founder of Duquesne Capital which has a 13F equity portfolio value of over $1.7 billion at the end of Q3. Although Druckenmiller technically closed Duquesne Capital to investors in 2010, it still issues quarterly 13Fs. As of the end of September, the fund’s largest position was Coupang, Inc. (NYSE:CPNG) with a stake worth almost $324 million. While he has had great success at Duquesne Capital, Stanley Druckenmiller is perhaps best known for working for George Soros at Quantum Fund where they made $1 billion shorting the British Pound in 1992. According to Forbes, Stanley Druckenmiller is worth $6.4 billion. He ranks #8 on our list of 15 Most Famous Investment Gurus of All Time.
7. David Tepper
David Tepper is the founder of Appaloosa Management and the owner of the Carolina Panthers. After having headed up Goldman Sachs’ junk bond desk, Tepper realized substantial success given his career running Appaloosa Management where he became a billionaire. David Tepper is perhaps best known for his fund buying a substantial stake in Bank of America Corporation (NYSE:BAC) during the 2009 that made him a $7 billion profit. Appaloosa Management’s largest position at the end of Q3 was a $218.8 million position in Constellation Energy Corporation (NASDAQ:CEG).
6. Carl Icahn
Carl Icahn is a billionaire activist investor who is the founder of Icahn Capital. As an activist, Icahn sometimes goes on CNBC to explain his views on the market or to try to gain more support among a company’s board for his initiatives. Given his successes, Icahn ranks as one of the wealthiest people in the world with a net worth of $17.6 billion according to Forbes. Icahn Capital’s biggest holding at the end of September was Icahn Enterprises LP (NASDAQ:IEP) which was worth over $14.3 billion. Carl Icahn ranks #6 on our list of 15 Most Famous Investment Gurus of All Time.
TORONTO – Canada’s main stock index was down more than 200 points in late-morning trading, weighed down by losses in the technology, base metal and energy sectors, while U.S. stock markets also fell.
The S&P/TSX composite index was down 239.24 points at 22,749.04.
In New York, the Dow Jones industrial average was down 312.36 points at 40,443.39. The S&P 500 index was down 80.94 points at 5,422.47, while the Nasdaq composite was down 380.17 points at 16,747.49.
The Canadian dollar traded for 73.80 cents US compared with 74.00 cents US on Thursday.
The October crude oil contract was down US$1.07 at US$68.08 per barrel and the October natural gas contract was up less than a penny at US$2.26 per mmBTU.
The December gold contract was down US$2.10 at US$2,541.00 an ounce and the December copper contract was down four cents at US$4.10 a pound.
This report by The Canadian Press was first published Sept. 6, 2024.
TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in technology, financial and energy stocks, while U.S. stock markets also pushed higher.
The S&P/TSX composite index was up 171.41 points at 23,298.39.
In New York, the Dow Jones industrial average was up 278.37 points at 41,369.79. The S&P 500 index was up 38.17 points at 5,630.35, while the Nasdaq composite was up 177.15 points at 17,733.18.
The Canadian dollar traded for 74.19 cents US compared with 74.23 cents US on Wednesday.
The October crude oil contract was up US$1.75 at US$76.27 per barrel and the October natural gas contract was up less than a penny at US$2.10 per mmBTU.
The December gold contract was up US$18.70 at US$2,556.50 an ounce and the December copper contract was down less than a penny at US$4.22 a pound.
This report by The Canadian Press was first published Aug. 29, 2024.
The crypto market has recently experienced a significant downturn, mirroring broader risk asset sell-offs. Over the past week, Bitcoin’s price dropped by 24%, reaching $53,000, while Ethereum plummeted nearly a third to $2,340. Major altcoins also suffered, with Cardano down 27.7%, Solana 36.2%, Dogecoin 34.6%, XRP 23.1%, Shiba Inu 30.1%, and BNB 25.7%.
The severe downturn in the crypto market appears to be part of a broader flight to safety, triggered by disappointing economic data. A worse-than-expected unemployment report on Friday marked the beginning of a technical recession, as defined by the Sahm Rule. This rule identifies a recession when the three-month average unemployment rate rises by at least half a percentage point from its lowest point in the past year.
Friday’s figures met this threshold, signaling an abrupt economic downshift. Consequently, investors sought safer assets, leading to declines in major stock indices: the S&P 500 dropped 2%, the Nasdaq 2.5%, and the Dow 1.5%. This trend continued into Monday with further sell-offs overseas.
The crypto market’s rapid decline raises questions about its role as either a speculative asset or a hedge against inflation and recession. Despite hopes that crypto could act as a risk hedge, the recent crash suggests it remains a speculative investment.
Since the downturn, the crypto market has seen its largest three-day sell-off in nearly a year, losing over $500 billion in market value. According to CoinGlass data, this bloodbath wiped out more than $1 billion in leveraged positions within the last 24 hours, including $365 million in Bitcoin and $348 million in Ether.
Khushboo Khullar of Lightning Ventures, speaking to Bloomberg, argued that the crypto sell-off is part of a broader liquidity panic as traders rush to cover margin calls. Khullar views this as a temporary sell-off, presenting a potential buying opportunity.
Josh Gilbert, an eToro market analyst, supports Khullar’s perspective, suggesting that the expected Federal Reserve rate cuts could benefit crypto assets. “Crypto assets have sold off, but many investors will see an opportunity. We see Federal Reserve rate cuts, which are now likely to come sharper than expected, as hugely positive for crypto assets,” Gilbert told Coindesk.
Despite the recent volatility, crypto continues to make strides toward mainstream acceptance. Notably, Morgan Stanley will allow its advisors to offer Bitcoin ETFs starting Wednesday. This follows more than half a year after the introduction of the first Bitcoin ETF. The investment bank will enable over 15,000 of its financial advisors to sell BlackRock’s IBIT and Fidelity’s FBTC. This move is seen as a significant step toward the “mainstreamization” of crypto, given the lengthy regulatory and company processes in major investment banks.
The recent crypto market downturn highlights its volatility and the broader economic concerns affecting all risk assets. While some analysts see the current situation as a temporary sell-off and a buying opportunity, others caution against the speculative nature of crypto. As the market evolves, its role as a mainstream alternative asset continues to grow, marked by increasing institutional acceptance and new investment opportunities.
