©2003 William Bonner and Addison Wiggin; (P)2006 Recorded Books, LLC
"[A] worthwhile, well-organized book." (Library Journal)
I am a Certified Financial Planner Practitioner in the South Florida area. Most of my reading (listening) revolves around financial/business issues, by necessity. However, when I get the opportunity, I browse for good fiction and personal growth titles, usually relying on the reviews of audible listeners.
As a finacial professional, I chose this piece in an attempt to glean some financial insight into what I agree to be a financial turmoil upcoming in the near future. I agree with the authors that the current "bulbles" of Real Estate and the derivatives market will likely unwind, and therefore have a drastic effect on the equity markets and the economy in general. The title of the book might imply that it is a strategy to handle the possible pending collapse, however, it is a more aptly described as a detailed look into the past - recent and distant - with respect to the various bubbles that have occured throughout history. The authors make their points through painstaking detail of this history, noting that these bubbles have never been deflated effectively. They have little, if any, confidence that this time will be any different. I found the history lesson informative and entertaining, but felt the book fell a bit short on actual strategy looking forward. With that aside, I found this book to be worth my time, even though it is a quite lenthy unabridged narration.
The narrator was very effective in keeping the pace and tone of the book interesting, and I would listen to any other pieces he presents in the future. Those who have a professional or serious personal interest in the financial markets will most likely find this book worth their time with regards to the detailed (informative) history lesson.
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