Wealth, War and Wisdom

Informationen zum Autor Barton Biggs spent thirty years at Morgan Stanley. In that time, he formed the firm's number one-ranked research department, was chairman of the investment management firm, and then became the firm's leading global strategist. He was often ranked as the number-one U.S. investment strategist by the Institutional Investor magazine poll and then, from 1996 to 2003, as the top global strategist. In 2003, Biggs left Morgan Stanley and, with two other colleagues, formed Traxis Partners. Traxis now has well over a billion dollars under its management. Biggs's previous book, Hedgehogging, is an international success. Klappentext An intriguing look at how past market wisdom can help you survive and thrive during uncertain timesIn 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 adversityWealth, War & Wisdom contains essential insights that will help you navigate modern financial markets during the uncertain times that will increasingly define this new century. Zusammenfassung 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. Inhaltsverzeichnis Foreword.Introduction.Chapter 1. Listen to the Market Crowd.Chapter 2. A World Darkened by Fear.Chapter 3. Stock Markets Struggle.Chapter 4. "1940: The Most Splendid, Most Deadly Year".Chapter 5. Besieged and Alone: England in 1941.Chapter 6. Operation Barbarossa: Germany Attacks Russia.Chapter 7. Miracles at the Coral Sea and Midway: Japan and America.Chapter 8. Stock Markets Understood: Nobody Else Did.Chapter 9. The Four Horsemen of the Apocalypse Ride Again.Chapter 10. France Declines Financially, Economically, and Socially.Chapter 11. Gone with the Wind: Preserving Wealth in Italy and Germany.Chapter 12. Stalingrad: The Battle of the Century.Chapter 13. Defeats and then Victories in Asia and North Africa.Chapter 14. The Test in Korea: The Last Battle of WWII.Chapter 15. Preserving Wealth in a Time of Cholera.Chapter 16. Barbarians at the Gates.Notes.Bibliography.Index....

Autorentext

BARTON BIGGS spent thirty years at Morgan Stanley. In that time, he formed the firm's number one?ranked research department, was chairman of the investment management firm, and then became the firm's leading global strategist. He was often ranked as the number-one U.S. investment strategist by the Institutional Investor magazine poll and then, from 1996 to 2003, as the top global strategist. In 2003, Biggs left Morgan Stanley and, with two other colleagues, formed Traxis Partners. Traxis now has well over a billion dollars under its management. Biggs's previous book, Hedgehogging, is an international success.

Klappentext

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.

Zusammenfassung
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.

Inhalt

Foreword v

Introduction 1

Chapter 1 Listen to the Market Crowd 7

Chapter 2 A World Darkened by Fear: An Overview of Soviet, German, and Japanese Aggression from 1929-1945 19

Chapter 3 Stock Markets Struggle: From the Great Depression to the Start of WWII 35

Chapter 4 "1940: The Most Splendid, Most Deadly Year": The Time of England's Greatest Peril 55

Chapter 5 Besieged and Alone: England in 1941 91

Chapter 6 Operation Barbarossa: Germany Attacks Russia 109

Chapter 7 Miracles at the Coral Sea and Midway: Japan and America 131

Chapter 8 Stock Markets Understood: Nobody Else Did 153

Chapter 9 The Four Horsemen of the Apocalypse Ride Again 173

Chapter 10 France Declines Financially, Economically, and Socially 187

Chapter 11 Gone with the Wind: Preserving Wealth in Italy and Germany 203

Chapter 12 Stalingrad: The Battle of the Century 231

Chapter 13 Defeats and Then Victories in Asia and North Africa 251

Chapter 14 The Test in Korea: The Last Battle of WWII 275

Chapter 15 Preserving Wealth in a Time of Cholera 303

Chapter 16 Barbarians at the Gate 321

Notes 335

Bibliography 347

Index 353