The author argues that there are small and mid-sized companies that are affected very much by the Federal Reserve Bank's decisions pertaining to the availability of money and credit. While larger companies are not affected as much, these smaller companies rely on credit availability more while operating their businesses. Therefore, investors can profit handsomely by investing in these companies while following the Fed's decisions.
The author takes the readers through a journey of how he developed his unique investment philosophy. He used to have his money invested in Berkshire Hathaway, which is run by Warren Buffett. But in the 1990s, value investing was extremely hard to practice due to the overpriced stock market. I would recommend this book to readers looking to think outside of the box.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market