Re: Books about investing during bear markets/crashes...
No offense to you or your value investing friend, but I will take my cue from the greatest value investor of all time, Warren Buffett.
He had the foresight to liquidate his funds and return all the money to his investors in the late 60's, avoiding the bear market of the early 70's. He had the foresight to warn us from investing in speculative technology stocks in the late 90's while hotshot analysts were calling him a washed up has-been. And right now he is sitting on $43B in cash, $20B in foreign currency, and investing in undervalued Korean stocks.
"We can't find any attractive securities right now."
Warren E. Buffett, 2005
|