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Austrian School for Investors: Austrian Investing between Inflation and Deflation Hardcover – December 1, 2015
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Top Customer Reviews
This book disabuses the reader of their economic indoctrination.
Under the influence of fascist and communistic policies, price-discovery has become extremely difficult. How would you decide on the worth of an asset when interest rates are zero or worse when negative? The financial industry has earned a bad name, for easy money polices and the kind of people it has attracted have mostly been a burden on the society. Austrians through their very action enable flow of money to the most productive uses, which maximises the value to the society. Of course, lack of sound money, has made the process of investing extremely complicated and has forced a normal citizen to speculate on assets he does not understand.
Governments have destroyed the monetary system. What we have today is a fake system that seems to do the job while slowly stealing people’s savings. Moreover, fiat currency being extremely centralised is prone to systemic shocks. This shock must come someday, sooner rather than later. It is time to prepare.Read more ›
The book is also well-organised and structured so that the novice to Austrian economics can gain sufficient theoretical background in the subject before delving into the more practical applications. This is important, because the Austrian School is much misunderstood today as one that looks at a modern economy in a somewhat old-fashioned way. This is grossly unfair, most probably the result of two generations of systematic smearing of the Austrians' general eschewal of modern quantitative techniques, such as DSGE models. In fact, it was the Austrians' early appreciation of the fundamental nature of complex systems that they anticipated, long before the arrival of computers and 'big data', the tenets of modern complex systems theory and the methodological impossibility of being able to observe a complex modern economy in real time within ANY rigid quantitative framework. Indeed, Austrians hold that such models are dangerously misleading. Monetary and other economic officials wielding equations can thus contribute to financial crises, such as that which occurred in 2008, and that which may well occur again in the near future.
Forewarned is thus forearmed. Investors reading this book will find they are both. I highly recommend it.
While not directly addressing to the topic of acceleration of existence, this book however puts a different perspective on capitalism, and on investing in particular. The calm and easy-going spirit of traditional Viennese coffee bars seems to resonate while reading the book that presents another kind of capitalism: a capitalism that is in correspondence with human values and preferences, that allows them to live freely according to their wishes, that regards the developments of the world nowadays as excessive and not at all as capitalistic. The Austrian School evolved during the prime of old Vienna in the 19th century, when Vienna was basically the cultural and scientific place to be in the world. As a liberal approach, it was strictly distinguished itself from the totalitarian ideologies that arose powerfully in that time and strongly influenced also social sciences. The Viennese researchers instead followed an independent approach by seeing individual human beings and their valuations as the core of all economic activity that they studied in a value-free approach.Read more ›
Most Recent Customer Reviews
Meh... I'm an Austrian investor (or at least I try to be). I have formed my own investing rules after reading countless books on Austrian investing, value investing, trading,... Read morePublished 7 days ago by Ryan
This book has finally filled a hole that sits at the cross section of sound, logic-based and deductive economics (Austrian), and practical investing advice that is applicable to... Read morePublished 2 months ago by Amazon Customer
If you are reading this comment, there is a high probability that you are familiar with the works of Ludwig von Mises and you are on the other hand familiar with the modern world... Read morePublished 2 months ago by Vera Steitz
This should be the first book anyone reads about money, finance and investment. Not only does it provide the reader with a strong foundation of knowledge, it also provides a useful... Read morePublished 3 months ago by MR HEINI BERETTA
In what appears to be a very confusing and confused world, 'Austrian School for investors' provides clarity and a depth of understanding that serve as an important foundation for... Read morePublished 3 months ago by Mr Bil Cannie
More than ever, investors need a framework to help understand what is happening within the global economy, within financial markets, and within the monetary system itself. Read morePublished 3 months ago by Amazon Customer
An easy to read presentation of a valuable way to look at investing and your investing philosophy. Well worth your time to read and underline passages in this book for future... Read morePublished 4 months ago by knowledge seeker
A readable profit for any investor interested in a long-term commitment. The deep going presentation provides the necessary basis for understanding our economic system. Read morePublished 4 months ago by Henning Lindhoff