 | The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down (Little Books. Big Profits)
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 2008-11-30 - Makes you think about your own portfolio
This book will make self investors think about how to allocate their own investments. Markets have really fallen apart since the book went to press. Of course commodity sectors, international and emerging markets have fallen as much or further and the dollar has risen. I think Peter Schiff's analysis deserves a lot of merit and the selloffs in the overbought commodities and emerging markets areas gives investors a great opportunity to reanalyze their own portfolios. Great read!
 2008-11-24 - Essential for the new economic paradigms
If you believe that there will be a significant change in global economic paradigms over the next 10 years, consider this book as part of developing an applicable investment strategy. Basically the author is focusing on commodities as they will do well in an inflationary period and, reading between the lines, commodities never go to zero (unless one is so leveraged up that one is forced to sell when commodities sell). Fortunately for us small investors the author does provide a road map to utilize his strategy by way of ETFs. With the government rolling the printing presses to shore up and stimulate our economy, inflation will result. This book examines the issues with inflation and how to invest in response.
2008-11-23 - A must read
This book will scare your pants off. It may also save your pocket book. Read it quick.
2008-11-23 - Quickly, Cling to your Guns and Religion!
[Alternative titles to my book review]
Chicken Little writes Little Book for Big Investors (or)
United States Economy Implodes Permanently Degrading Standard of Living and Quality of Life of Everybody You Know And Send Christmas Cards To and All I Got was this Lousy Tee Shirt (or)
Hey Buddy, Thanks a $Million (But in 2008 dollars that's only 25 cents)!
So my wife woke up this morning and told me about her dream, "We were at the movie theater, and we ordered: popcorn, chicken strips, a hot dog, and two drinks; and it costs $340. I thought that was a lot of money, but we were hungry, so I paid it." Then I involuntarily spit out my mouthwash and laughed. The funny part is that she hasn't read Peter Schiff's book yet. The sad part is that some dreams might come true.
When I read The Little Book That Beats The Market (Joel Greenblatt), I learned how to assemble a stock portfolio using a long-term winning formula. Now Schiff's book's title suggests that I will learn some great investor kung-fu moves to counteract a crummy market (when I finally do get a portfolio). Nope. No point in reading any of the other Little Books, because the little people like me are in for some big hurt.
That dream of getting rich by reading those other Little Books evaporated with reality's intrusion as presented in Bull Moves in Bear Markets. As we've heard in the movie Aliens, "Game over man, game over." At least, I'll know what hit me.
In all fairness to Mr. Schiff, I sought his book out after his numerous TV appearances. I respect his opinion. It's just that I didn't expect him to actually tell me the truth about the undergoing transformation of the United States from the globe's pre-eminent economic colossus to a floundering turd world backwater. So just because I call Peter a Chicken Little, doesn't mean that the sky isn't falling.
Question (Mr. Schiff or any or you smart people): We learn in money economics classes that a dollar deposited in the bank can multiply to 5 dollars. Well, that was so '80's. Now what with financial derivatives that same dollar can multiply from 10 to 20 dollars. With this $ collapse: 1) aren't those type of lending days over?; and 2) with credit barely being able to pass through the eye of a needle won't this factor into a shrinking of the money supply even as gabillions of paper dollars are rolling off the presses? If so, can this factor offset inflationary pressure?
Even though there aren't that many shopping days left until Armageddon, I still recommend Peter Schiff's Little Book. Here are some other book recommendations to see you through these challenging times.
When Technology Fails (Matthew Stein): I haven't read this book yet, but having it in my closet helps me to sleep better at night.
The Boy Scout Handbook (Boy Scouts of America): tells you how to: identify forest vegetables and cook them with a stick, rappel, tie knots, and treat frostbite.
The Art of Doing Nothing (Vienne): What with no job and no money, doing nothing might just be the new doing something. The American way is to take nothing to a higher level.
2008-11-22 - An antidote to delusions..
Peter's book(s) is/are a must read for these simple reasons..
a. discusses most important metrics that are used to measure productivity, prosperity, wealth (in a contrary fashion) in a way novices like myself can understand and learn to question them in our investment decisions
b. provides practical advice that lines up with his arguments
c. assumes risk by stating positions and offering advice, this is perhaps the most admirable thing. Peter is sticking is head out to unveil some of the delusions we have been under... that somehow we can have something for nothing.. i.e. get into debt and somehow renege on it with impunity.
Wait till Peter's prediction about the next bubble in US bonds to burst... you are going to appreciate him even more.
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