In this no-nonsense book, British master analyst and self-made multi-millionaire Mark Shipman has three distinct goals: to alert the reader to the perils of handing over their hard earned cash to professional advisers; to describe specific investment strategies he has used successfully over the last 20 years and to identify a major investment opportunity that could last well over a decade and affect everyone--commodities.
Mark Shipman highlights the overlooked potential of commodities, arguing that they have been historically underappreciated as an asset class. With global wealth shifting toward emerging economies like China and India, demand for raw materials is soaring. These nations are consuming commodities at a pace faster than they can produce, driving prices higher. Shipman makes a compelling case for investors to capitalize on this trend, emphasizing that commodities could be the key beneficiaries of this economic shift.
This book is a few years old, so I would need to research where his insights stand now. However, it was a good read on commodities, their importance, and their potential as a valuable addition to an investment portfolio.
This is a book worth reading. It gives insight into working of stock market, and how to recognize bubble and bust. It covers the story of some of the biggest bubbles and economic slowdowns. Starting with the "Tulip mania" of 1619 to 1622, to the wall street crash of 1929, and finally the ".com" boom of 1994. The basic process of bubble growth, the public sentiment towards the market, and rapidity of crash, all followed the same pattern 400 years a go, 90 years ago, and 20 years ago. Time changes but humans and psychology are same. Two lessons to take home:- 1) 'privilege of the few' if copied by all, can turn into 'tragedy of the masses'. 2) Follow crowd till you grow, then pull out.