New Book Reveals How to Buy $1 of Assets for 50 Cents—and Beat the Market
Timed to the 50th anniversary of Warren Buffett’s first shareholder letter, this guide uncovers proven strategies using closed-end funds to help investors outperform the market.
WILKES-BARRE, Pa. – April 10, 2025 – In honor of the 50th anniversary of Warren Buffett’s first shareholder letter for Berkshire Hathaway, portfolio manager and financial expert Michael Joseph, CFA is releasing his new book, A Dollar for Fifty Cents: Proven Strategies to Outperform the Market with Closed-End Funds.
This title marks the first release from IW$ Press, a new imprint of Kallisti Publishing Inc. dedicated to delivering bold, practical wealth-building books for serious investors and entrepreneurs.
A Dollar for Fifty Cents offers a timely and practical guide to an often-overlooked area of the financial world: closed-end funds (CEFs). In a market saturated with ETFs, mutual funds, and passive strategies, Joseph reveals how informed investors can take advantage of deep, persistent discounts to buy assets well below their true value.
“Warren Buffett’s principles of value investing are as relevant today as they were fifty years ago,” said Joseph. “This book explores one of the last places where those principles can still be applied with consistent success—closed-
In A Dollar for Fifty Cents, readers will learn:
- Why closed-end funds often trade at discounts to their net asset value—and how to benefit
- The five key metrics that separate smart CEF investments from traps
- How activist investors create profit opportunities in the CEF space
- Strategies for income investors seeking high yield without excessive risk
- Common mistakes new CEF investors make and how to avoid them
Michael Joseph, CFA, is the Deputy Chief Investment Officer and a portfolio manager at Stansberry Asset Management. He serves on the CFA Institute’s Practice Analysis Working Body and the advisory board of the Arizona Council on Economic Education. His investment insights have been featured in Fortune, Kiplinger,and Advisor Perspectives.
“This book is a masterclass in recognizing overlooked value,” said James Falbe, CFA, Managing Principal at Saguaro Capital Management. “Michael Joseph lays out a clear, actionable roadmap for investors who want to outperform without speculation.”
A Dollar for Fifty Cents will be released on April 24, 2025, and is available now for preorder.
To learn more, visit: https://ADollarForFiftyCents.com. Preorder the book now: https://ADollarForFiftyCents.com/
