Re: Books about investing during bear markets/crashes...
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I like reading Jim Rogers' books (Hot Commodities, Investment Biker, Adventure Capitalist). FWIW, he and George Soros guided the Quantum Fund to 4000% returns during the 1970s while the US stock markets were tanking. Dan Denning and Marc Faber also maybe. To be honest, there really aren't a lot of good books out there. You have to be willing to go against the grain.
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Jim Rogers is a brilliant investor. But I never bought his recent foray into commodities, he sounded just like oil bulls in 1978. And unfortunately, it appears he might have been crippled by it. His clients commodity accounts at Refco were (allegedly) not held separate from Refcos accounts, and he can no longer gain access to them.
Following the advice of market commentators, esp. permabears like Marc Faber, an exercise in futility. These guys have predicted thirty of the last five bear markets. No-one can time the market, there is no macro forecastor who is better than flipping a coin. Bad predictions that keep you out of rising markets for a few years to await a bear market will hurt your returns worse than just riding out most bear markets.
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