Investing in the New Normal: Beyond the Keynesian Endpoint

WordBridge Publishing
Free sample

It is easy to be a liberal or a conservative. One's daily life does not change much one way or the other. In modern democracies, political philosophy often seems to be more of a fashion item than a practical matter. How much do one's views affect one's routine? But when it comes to investing, world-view suddenly becomes crucial. How one appraises capitalism, socialism, and democracy affects the way one views the future, how one views opportunity, how one decides to apply the "mammon of unrighteousness" he or she has been fortunate enough to accumulate. Unfortunately, political philosophy and economic doctrine, whether of the right or of the left, leave one in the lurch precisely at the point where it is needed: in determining how to invest. The Left's dedication to government spending seems to dictate apathy on the part of the investor - Keynes's "euthanasia of the rentier" - while the Right's incessant doomsaying seems to dictate abdication from productive investment, the flight to gold and guns, the ultimate retreat: behind the walls of a fortress. Investing in the New Normal provides an alternative vision. Building upon foundational, indeed groundbreaking, economic theory, it offers a view of the world based on hard facts and reality on the ground, rather than the simplified versions proffered by ideological agendas. The real-world functioning of assets, credit, money, and banking are brought to bear, rather than scare stories intended to frighten one into various forms of political action. For, truth be told, even today economic opportunities abound. It is just a matter of refocusing. One needs to see the world as it is, not as this or that theory says it is. Investing in the New Normal enables one to do that. The benefit of this is to see more clearly which of the myriad alternatives out there actually makes sense. Investment strategy then becomes an affair of settled conviction rather than unsettled emotion. So, if you're tired of the doomsaying and the lack of vision regarding investment alternatives - if you simply don't know which way to go in this "New Normal" marketplace - then consider Investing in the New Normal. It will pay handsomely for you to do so - literally and figuratively.
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Additional Information

Publisher
WordBridge Publishing
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Published on
Sep 30, 2010
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Pages
132
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ISBN
9789076660134
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Language
English
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Genres
Business & Economics / Investments & Securities / General
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Content Protection
This content is DRM protected.
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Available on Android devices
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Eligible for Family Library

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An accessible look at the art of investing and how to adopt the practices of top professionals

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In The Little Book of Market Wizards, Jack Schwager seeks to distill what he considers the essential lessons he learned in conducting nearly four dozen interviews with some of the world's best traders. The book delves into the mindset and processes of highly successful traders, providing insights that all traders should find helpful in improving their trading skills and results.

Each chapter focuses on a specific theme essential to market success Describes how all market participants can benefit by incorporating the related traits, behaviors, and philosophies of the Market Wizards in their own trading Filled with compelling anecdotes that bring the trading messages to life, and direct quotes from the market greats that resonate with the wisdom born of experience and skill

Stepping clearly outside the narrow confines of most investment books, The Little Book of Market Wizards focuses on the value of understanding one's self within the context of successful investing.

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Two figures engaged in this debate, acting as signposts at the crossroads which materialized in the late 16th and early 17th centuries, when a decision loomed and a path had not yet irrevocably been embarked upon. They functioned at the time and place destined to be the stage upon which this decision would become apparent: in and around the Dutch Republic in its struggle for freedom from the Spanish monarchy. They shared the same inheritance, constraints, and influences; the one fashioned it in a way that proved a resounding success which would be received as orthodoxy, the framework of right-thinking people for centuries to come; the other in a way that, although offering a coherent and constructive alternative, languished in obscurity, only in our day receiving renewed interest from the scattered flock of academics and churchmen (and women) who either make the knowledge of such things their business, or share a wistfulness for and inkling of this world we have lost.

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