An intriguing look at how past market wisdom can help you survive and thrive during uncertain times
In Wealth, War & Wisdom, legendary Wall Street investor Barton Biggs reveals how the turning points of World War II intersected with market performance, and shows how these lessons can help the twenty-first-century investor comprehend our own perilous times as well as ...
An intriguing look at how past market wisdom can help you survive and thrive during uncertain times
In Wealth, War & Wisdom, legendary Wall Street investor Barton Biggs reveals how the turning points of World War II intersected with market performance, and shows how these lessons can help the twenty-first-century investor comprehend our own perilous times as well as choose the best strategies for the modern market economy.
Through these pages, Biggs skillfully discusses the performance of equities in both victorious and defeated countries, examines how individuals preserved their wealth despite the ongoing battles, and explores whether or not public equities were able to increase in value and serve as a wealth preserver. Biggs also looks at how other assets, including real estate and gold, fared during this dynamic and devastating period, and offers valuable insights on preserving one's wealth for future generations. With clear, concise prose, Biggs
Reveals how the investment insights of truly trying times can be profitably applied to modern day investment endeavors Follows the performance of global markets against the backdrop of World War II Offers many relevant lessons-about life, politics, financial markets, wealth, and survival-that can help you thrive in the face of adversity
Wealth, War & Wisdom contains essential insights that will help you navigate modern financial markets during the uncertain times that will increasingly define this new century.
However, Andrew Smithers argues that using 1900 as a starting date is misleading because the years immediately before 1900 were very lean. From 1871 to 1900 in the U.S. the real return for equities was only 3.02% per annum. Inflation for those years was minus 1.57 %, which means equity had a nominal return of a mere 1.45 % annually. As a result, as calculated by Smithers the linked real return from 1871 to 2004 was 5.75% real and 7.81% nominal. (查看原文)
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巴顿·比格斯 作者
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1 有用 xhxyfd 2018-06-07 08:47:47
不错的一本书。可以看成是一本二战历史书（作者写得很Vividly），但也是一本个人资产配置的指南。按照作者最后一章的总结，70-80%的资产放在股票上，剩下的20%，分散放在土地、外汇等资产上，对富人来说是比较稳妥的配置。
0 有用 大毛光光头 2012-09-03 08:51:40
战争总是来得比预想得快。财富分散配置的思路要开阔，资产种类，地理位置，逃逸便利性，无可辩驳的归属权，在有事发生前都要安排好，一旦事发，就来不及了。
0 有用 佑扯 2013-04-15 13:33:55
股市、商业地产、衣物是日本战败后保留财富最好的地方。战胜国股市收益高、物价稳定。商业地产容易被没收，而农场通常得以幸免
0 有用 蛋吉吉 2022-03-28 22:49:16
very fun read. Dalio is probably more structured tho
0 有用 宝宝TWO 2017-12-25 10:03:01
这样的深度，的确是发人深思的，但还是有个问题，从一次大战总结出的，是否是普适的？