The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down (Little Books. Big Profits) Hardcover – 26 Sep 2008
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"Certainly a savvy buy in the current climate...timely advice on how to survive the bear′s bite." (CEO Middle East, November 2008) ‘ It is all written in Schiff′s usual brisk style… he has dived into the practicalities of portfolio construction .’ (FT.com, October 2010).
From the Inside Flap
"Peter Schiff is one of the few financial analysts who understands the Federal Reserve′s responsibility for the boom–and–bust cycle plaguing the American economy. Anyone wishing to know why the American economy is in trouble should add this book to their reading list."
Ron Paul, United States Congressman
"Schiff was warning us about our fragile economic foundation long before the first cracks started to appear. There are plenty of market cheerleaders out there, but if you want advice from a market realist who has been proven right again and again, read this book."
Glenn Beck, host, The Glenn Beck Program
"Peter Schiff understands the big financial picture better than most Wall Street professionals. Investorswith or without experiencewill benefit from his insights, making this book a must–read."
Jim Rogers, international investor and author of A Gift to My Children
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Top Customer Reviews
The reason I have only given it 3 stars is that it does not actually take it on to provide a definite game plan beyond the near(ish) future.
The book starts out with a very good piece on the issues we now face and how we got here, including some proof that the author called this back in 2007 amidst much derision. This is all pretty informative and well written.
Where I feel this book falls down is that the other books in the series I have read have given back tested styles of investing. Although these all suffer the intermittent glitches, as any style will, they can be applied in the future and used to develop your own style of investing.
This book simply gives an overview of the recent past and what you should do now, but nothing too much about future economic cycles. More importantly there is lots of subjective advice, but very little concrete back-testing beyond retelling of how he called this right.
Now I am not arguing with Mr Schiff's reasoning or intellect, but that this is great for now, but what happens when things move on as they invariably will? You will need to find someone else that 'gets' it then and tell you what to do again at that point.
So to sum up, if you want to get a better understanding of the economic mess we are in in the latter part of 2008 and some suggestions about what to do now, this book is pretty good.
However, if you are looking for something that could be the basis of an investing approach for the long term or if you are looking at this during some future economic cycle, then it's probably not going to be so useful.
Since reading this book I've gone on to read "How an economy goes and how it crashes", which I actually prefer as a book to read but it doesn't say much from a practical point of view. That title is the theory and this book is closer to the practise. I haven't read Crashproof so I couldn't make a comparison there. Anyone that has watched his youtube videos may already be familiar with everything mentioned in this book.
And how and why, Also what you can look forward to in the future.
So there you have it - futures in corn through cornflakes and in metal through guns + bullets - thank goodness for Amazon's returns policy.