This book contained solid, long-term investment advice. I have readjusted my retirement accounts to match the strategies described in this book.
My only complaint is that the author spent too much time convincing the reader about the benefits of index funds. A few chapters into the book I kept saying to myself, "ok, I get it, low cost index funds are better than actively managed mutual funds, now move on".
Investors who passively manage their money could see their entire portfolio evaporate into money heaven. This book describes the causes and effects of a major economic collapse. It also describes several methods for protecting investments; moving money into gold, bonds, foreign currencies, and bear funds. It also gives economic indicators to watch for trouble: inflation rate and interest rate.
There is some pretty deep economics in this book but the author explains it in terms that non-economists can understand. I would've given the book a 5 star if it wasn't for the bragging and self-plugging that is found throughout the book.
An interesting book that is enlivened by stories of various traders and insults targeted at journalists, economists, MBAs, and philistines in general. He comes off as kind of arrogant and condesending but since I'm too thick to understand that he's talking about me, I find the irreverent tone rather enjoyable. He does a great job on a difficult topic.