Dean LeBaron

Dean LeBaron

Dean LeBaron, founder of Batterymarch Financial Management in 1969, pioneered the application of computer technology and modelling techniques, first in the US market and then in international and emerging markets. Batterymarch is recognized as one of the first foreign entrants in the nascent securities markets of Brazil, India, Russia and China.

Books

Mao, Marx and the Market , Wiley, 2001

Dean LeBaron's Treasury of Investment Wisdom , Wiley, 2001

Dean LeBaron's Book of Investment Quotations , Wiley, 2001

The Ultimate Book of Investment Quotations , Capstone, 1999

The Ultimate Investor , Capstone, 1999

Habits

Sole Rule : Don't have rules - it's too hard to break them. My guiding precepts are habits, which others might call rules or addictions, but, like all addictions, I might try to break them when circumstances warrant . . . with varying success.

1. Observe the views of others, especially the most prestigious and widely recognized, but do not follow their prescriptions.

2. Ignore earnings and follow the cash.

3. Recognize that corporate control is worth everything or nothing; there is no point in between.

4. Learn more about enterprises from competitors than from the enterprises themselves .

5. Avoid company visits , since they are usually successful promotions.

6. Observe commercial bankers, who usually know the inside story and are a source of hints.

7. Ignore investment bankers and their advice.

8. Recognize that prestige is inversely related to future investment success.

www.deanlebaron.com

'Investors frequently expose themselves to great risk by seeking superior cash returns in emerging markets debt and distressed sectors. Often the risk-return trade off for these sectors is pitifully inadequate.'

”David DeRosa