
Aftermath
Seven Secrets of Wealth Preservation in the Coming Chaos
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Narrateur(s):
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James Rickards
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Auteur(s):
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James Rickards
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A Wall Street Journal best seller
Financial expert, investment advisor and New York Times best-selling author James Rickards shows why and how global financial markets are being artificially inflated - and what smart investors can do to protect their assets
What goes up, must come down. As any student of financial history knows, the dizzying heights of the stock market can't continue indefinitely - especially since asset prices have been artificially inflated by investor optimism around the Trump administration, ruinously low interest rates, and the infiltration of behavioral economics into our financial lives. The elites are prepared, but what's the average investor to do?
James Rickards, the author of the prescient books Currency Wars, The Death of Money, and The Road to Ruin, lays out the true risks to our financial system, and offers invaluable advice on how best to weather the storm. You'll learn, for instance:
- How behavioral economists prop up the market: funds that administer 401(k)s use all kinds of tricks to make you invest more, inflating asset prices to unsustainable levels.
- Why digital currencies like Bitcoin and Ethereum are best avoided.
- Why passive investing has been overhyped: The average investor has been scolded into passively managed index funds. But active investors will soon have a big advantage.
- What the financial landscape will look like after the next crisis: It will not be an apocalypse, but it will be radically different. Those who forsee this landscape can prepare now to preserve wealth.
Provocative, stirring, and full of counterintuitive advice, Aftermath is the book every smart investor will want to get their hands on - as soon as possible.
©2019 James Rickards (P)2019 Penguin AudioGreat listen.
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A wake-up call from an insider
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I have a deep appreciation for Jim and his work.
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Nice but
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very informative with lots of supportive data
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As for this book, most is ideological ranting (ex. he spent dozens of pages criticizing "nudging theory" and the pseudo academics in the social sciences/arts... I agree, but why was this chapter added to the book? We get it that you are a libertarian, all us gold guys are, but this has nothing to do with investing.) I wanted an investing book, not a libertarian ideological book talking about how divided our society is.
A lot of this was just doomsday talk that all gold bugs already know. And if you don't know about QE, ZIRP, and bubble creation, there are better educational books out there as he doesn't get into the details that much.
He also makes the mistake that Schiff and other gold bugs make: instead of talking about probabilities, Rickards talks about certainties such as the dollar is certain to go to zero, US economy will crash before any other markets, and it will happen right now. JR never acknowledges that dollar could go higher (Brent Johnson Dollar milkshake argument), which could cause the price of gold to tank just like it did at $1900. Why not assign probabilities and talk about the opposing arguments? We investors need to do this.
I also think Rickards should have got a professional narrator as his voice is kind of monotone and "mumbly". The start when he talked about his career in the intelligence community was interesting.
All in all, I do not recommend this book. Instead, watch Rickards macrovoices, realvision, and other interviews.
Mostly an ideological rant, very little investing
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