Peter D. Schiff

Interesting to go back to this book on my bookshelf and to throw it out the window. In one respect the author previsages the financial crisis around real estate, in another he misses the mark completely in his framing of what is to come and the mechanics of systemic shocks we have seen over the years.

At its core there are some good points but they could be condensed to a few pages. The bulk of the book is fluff and predictions that are unhelpful and inaccurate.

One should regularly read these sort of books to avoid overly framing reality in the current space, with the current problems.

His core advice: invest in good companies outside the US and in gold. And then more in detail suggestions like mining companies which actually suffered greatly.… (mehr)