Great historical research but suspect prognosis
The thesis of this book is simple. Starting from 1971, when defence manufacturing company Lockheed was rescued for $250 million, the US government has been consistently bailing out US companies. From loan guarantees for Penn Central in 1974 ($676.3 million), to the $1.5 billion rescue of Chrysler in 1980 and then Continental Illinois Bank in...
Read this story and see if you can find any parallels with investing. Zhuge Liang led an army to Qi Mountain six times. Eventually, he fell sick from exhaustion and passed away at an army base. Before he died, Zhuge Liang told his deputy, Jiang Wei to keep the news of his death a secret. He also wanted his artisans to carve a life-size wooden statue of him, for his soldiers to dress up in his...
A fine new book that synthesises the latest market theories and offers practical solutions
It is rare to come across a new book on markets with fresh ideas. This book does not pretend to be one. But this is one of the best recent books that synthesise the cutting-edge theories of how markets work, and show, how to navigate them. For instance, it is increasingly clear that as an arena where...
