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Wealth, War, and Wisdom
- Narrated by: Erik Synnestvedt
- Length: 11 hrs and 49 mins
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Summary
"The wisdom of the markets" prevails, even in the most turbulent of eras: the British stock market bottomed out just before the Battle of Britain; the U.S. market turned at the epic Battle of Midway; and the German market peaked at the high-water mark of Germany's attack on Russia. Those events turned out to be the three great turning points of World War II - although at the time, no one and no instrument except the stock markets recognized them.
Biggs skillfully discusses the performance of equities in both victorious and defeated countries, reveals 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.
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Overall
- Paul
- 01-06-11
It's a history book - no real market analysis
It's a history book. The analysis of the interaction between the markets and the political developments is very siplistc and analytically suspect. An intelligent reader can guess what the conclusions will be here (eg do you think it is good or bad to own stocks in a country that loses a great war?).
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