This book is just one of the absolute treasures for investors. Learning from the mishaps of LTCM's geniuses teaches you the valuable lessons for the average investor: Never take the future for granted, always stay humble, and don't get greedy.
Incredible book, dispelling common economic myths. I always say "Don't dare to talk to me about economics before reading this book!" And if you don't have time to read the whole book, the first two pages (see below) almost say it all.
For beginning investors, this is a great second book (after reading Peter Lynch).
As I recall, Faber does a good job discussing the history of markets, including mention of the Austrian bust in the 1870's (one of my favorite examples of a boom/bust). He details the stages of an emerging market and how to identify them. He discusses more recent booms/busts in Russia and Argentina, for example.
Jim Rogers is a great guy, a great writer, and a great mind. This book is an easy and interesting read, and Jim explains the reasons behind the decade-long alternating cycles of commodities and stocks.
This is a very entertaining book, comfortable to listen to. It is really amazing through how many countries Jim Rogers has traveled, and the experience he has gathered. All this is very relevant to any investor who considers to invest abroad. It is not the short summaries about every country that are important, but the thinking process one has to go through. Jim Rogers gives a good idea of
The first chapters of this book are especially relevant to understanding what led up to the early 1920's boom and bust.
The book's author, Benjamin Anderson, was a highly regarded banker and author of the Chase Economic Bulletin. Since Anderson was a contemporary expert on the banking system, the information presented in the book is certainly world class. The book is not an easy read, though, and requires serious dedication to study the full 570 pages. Our rating would be 100% if it were not for the dedication required to appreciate the contents.
From the Euro Pacific Capital website:
"...A provocative and insightful examination of our difficult economic future and what investors can do to protect their wealth.
I only listened to the audio book version but thought it was quite interesting. George Soros and Jim Rogers were running the Quantum Fund, which returned several hundred times investors' money
