From the Back Cover
"Professor Philip Cheng is familiar with both the academic theory of investment and the real world of decision making. His book Taming the Money Sharks comprises a wealth of do's and don'ts for the individual investor to follow. Not even Professor Cheng can guarantee unlimited investment success, but the reader who follows the advice in this book will surely avoid making fundamental errors in managing his own investments. Taming the Money Sharks should be compulsory reading for all those who wish to invest rather than merely save money."
--STUART LECKIE, OBE, JP, Chairman, Stirling Finance
"Philip Cheng provides a valuable service. Taming the Money Sharks does not condescend or tell people to leave investments to a 'professional.' Instead, he teaches people how to build on their own knowledge to trade stocks successfully, providing plenty of tips and real-life examples along the way. This is a useful book for people determined to take charge of their own investments."
--JAME DiBIASIO, Editorial Director, AsianInvestor
"In the aftermath of the global financial crisis, it is essential that investors become better educated. In fact, this is one of the goals set by the G20 in terms of 'investor education and protection.' Sadly, not much progress seems to have been made so far. Taming the Money Sharks uses simple language and simple examples to explain how the markets work and makes them accessible to all. Philip's book can equip investors with some commonsense notions that seem to be so sorely lacking."
--VERONIQUE A. LAFON-VINAIS, Associate Director, Center for Asian Financial Markets; Adjunct Associate Professor, Department of Finance, HKUST
Down-to-earth strategies guaranteed to make you "shark-proof" while optimizing your investment returns
There are lots of books out there offering sure-fire formulas, fool-proof systems, and can't-lose schemes for making a killing in the stock market. What makes this book different is that it was written by a top investment professional with no interest other than to give the "little guy" a chance to realize his or her financial goals over time through prudent stock investing.
A Chief Investment Officer who, over the course of his long and distinguished career, has had as much as US$2 billion under management, author Philip Cheng knows all the tricks and games that the Big Boys play. In Taming the Money Sharks he distils a lifetime's experience into a set of 8 simple rules of the road that will help you steer clear of potential investing hazards (and the money sharks).
Prof. Philip Cheng was the Chief Investment Officer at MetLife Taiwan, a wholly owned subsidiary of MetLife Inc., New York, the largest Life Insurance Company in the US, with approximately US$800 Billion in total assets under management (AUM).
Beginning in 1996, and during his 11 years as Chief Investment Officer, he was managing a diversified portfolio with total assets under management of approximately US$2 billion. He provided the leadership in setting up of investment policies and strategies to enhance portfolio yield; implementation of asset allocation strategies to increase return on equity; and the oversight and the implementation of risk management tools to achieve optimal return on capital.
Prior to joining MetLife, beginning in 1974, he was with JPMorgan-Chase for 21 years in international banking and investment. He was Vice-Presidents in areas of corporate lending, institutional investment banking and property lending activities in New York and major Asian cities.
He has taught at the Graduate School of City University of New York (Management Science) and Beijing University (Portfolio Management).
In the last few years, he has been an active conference speaker in Sydney, Hong Kong, Beijing, Seoul, Taipei, Bangkok, Kuala Lumpur and Singapore on global financial topics: Portfolio risk analysis, Diversification and global investments; Credit risk management; Trade financing;Fixed income investments and markets, among others.
He received his undergraduate engineering degree from the University of Minnesota, Minneapolis, Minn. USA and his MBA in Finance (Cum Laude) from St. Louis University, St. Louis, Mo., USA.
Since 2007, he has also been appointed Adjunct Associate Professor of Finance at the University of Science and Technology in Hong Kong.
