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Big Mistakes: The Best Investors and Their Worst Investments (Bloomberg) | Wall Street Potholes | The Hedge Fund Mirage
Interweaving compelling, and often amusing, anecdotes fromauthor Simon Lack's distinguished thirty-year career as aprofessional investor with hard economic data, this engaging bookskillfully reveals why Bonds Are Not Forever. Along the way,it provides investors with a coherent framework for understandingthe future of the fixed income markets and, more importantly,answering the question, "Where should I invest tomorrow?"
Bonds Are Not Forever chronicles the steady decline ininterest rates from their peak in the 1980s and the concurrent dropin inflation during that period. Lack explains how those twofactors spurred a dramatic growth in borrowing among bothgovernments and individuals. Along the way, Lack describes how afinancial industry meant to provide capital needed to driveproductivity and economic growth became disconnected from MainStreet and explores the grave economic, social, and politicalconsequences of that disconnect.
- Provides practical solutions for avoiding the risk of fallingbond markets and guaranteed negative real returns on savings
- Explains how the bursting of the real estate bubble in2007–2008 led to massive borrowing by governments as theyattempted to offset a sharp fall in economic activity
- Details how the trends of exploding debt and a financial sectorthat has grown much bigger than it needs to be have dramaticallychanged the game for savers
Offering a uniquely intimate, yet analytically thorough look atthe coming fixed income crisis, Bonds Are Not Forever ismust reading for investment professionals, as well as retailinvestors and their advisors.
About: An up-close look at the fixed income market and what liesahead Interweaving compelling, and often amusing, anecdotes fromauthor Simon Lack's distinguished thirty-year career as aprofessional investor with hard economic data, this engaging bookskillfully reveals why Bonds Are Not Forever.
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