Publisher Description
In WEALTH, WAR and WISDOM, Legendary Wall Street investor Barton Biggs reveals how the turning points of World War II intersected with market performance. Biggs will help the twenty-first century investor comprehend our own perilous times as well as choose the best strategies for the modern market economy.
"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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About the Author
Barton Biggs (1932–2012) spent thirty years as a senior partner at Morgan Stanley, during which time he formed Morgan Stanley's #1-ranked research department, built its investment management business, was chairman of the investment management firm, and became the firm’s leading global strategist. Biggs formed Traxis Partners, a multibillion-dollar hedge fund, in 2003. Biggs was named by Institutional Investor magazine to its “All-America Research Team” ten times, spoke frequently at forums around the globe, and appeared on numerous television programs throughout his career.
About the Narrator
Erik Synnestvedt has recorded nearly two hundred audiobooks for trade publishers as well as for the Library of Congress Talking Books for the Blind program. They include The Day We Found the Universe by Marcia Bartusiak, A Game as Old as Empire edited by Steven Hiatt, and Twitter Power by Joel Comm.