6 of 6 people found the following review helpful:
5.0 out of 5 stars
I Waited YEARS To Get This..., November 18, 2006
This review is from: Blood in the Streets: Investment Profits in a World Gone Mad (Hardcover)
I first learned about this book in 1993 - when it was out of print. I had become acquainted with James Dale Davidson and his sequel to this book, The Great Reckoning. It took nearly a decade before I found a copy...and I am very glad I did.
This isn't light reading...so be forewarned.
The wisdom was true back then...only those in the know were aware of these tactics for amassing wealth by paying attention to whether there truly is VALUE in an industry, in spite of the prices, in spite of the headlines...and preferably buy low, VERY low.
One of the most fundamental teachings...when an industry is fundamentally sound, if everyone is throwing away their share because of some sort of governmental calamity, new article or reporting, does the value of that industry or commodity go away?
No!
So when does it make sense to pick up share?
When there's blood in the streets. Yes...when everyone else is getting rid of their shares/ownership, then you can pick up REAL ASSETS for pennies to dimes on the dollar.
And then wait til they rebound - when the situation that made them "risky" turns around.
Has this strategy worked? Yes, many and many a time. Just look back a decade or so ago when Argentina was having its problems. The inflation was rampant. However other currencies were HARD MONEY to theirs - and you could pick up good investments cheap - then hold them for the ride back to stabilization.
Again...these strategies usually have some holding period for the undervalued asset to rebound. But rebound many of them do.
Examples: junior gold stocks bought for pennies and sold for dollars. Yacht clubs bought, upgraded and resold to upscale international patrons for very big profits.
Pick this book up...and gain insight into how real wealth is made and accumulated. This one key insight works.
With all the economic turmoil going around, I think I need to read this book again!
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7 of 8 people found the following review helpful:
5.0 out of 5 stars
A Now Book, February 22, 2004
This review is from: Blood in the Streets: Investment Profits in a World Gone Mad (Hardcover)
Davidson and Rees-Moog team up to tell us that when things seem the worse may be the time to take advantage of opportunity. The Chinese symbol for crisis also means opportunity.
This book shows that throughout history, some of the greatest became that way because they had the forethought, and sadly, sometimes the foreknowledge, of events that they took advantage of them and won in a big way.
The title of the book comes from Lord Rothshild's statement about when blood is running in the streets, invest in a future. Of course, what to invest in is really the question. This book will give you a look to see and evaluate the opportunities that are out there.
Although the book was written in 1987, it is a now book, filled with facts of how to take advantage of a market. Hey, did Warren Buffett read this? Or did he understand the concept of "Blood in the Streets."
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1 of 1 people found the following review helpful:
4.0 out of 5 stars
An insightful and comprehensive study on worldwide market trends, March 28, 2008
Blood in the Streets presents an articulate and comprehensive study into the countless variables that are required to assess market trends. If you have ever encountered instances where an analysis, possibly even a very convincing one, appears to only encompass localized fundamentals, and you questioned the strength of such a forecast, this book will unmistakably assist you in defining the failing of such an outlook.
Blood in the Streets presents a very convincing case for considering worldwide fundaments in addition to localized trends. The book further incorporates the steps encouraged to undertake such a comprehensive analysis, backed fully by an abundance of examples.
By now, this book is somewhat outdated in terms of its relevance related to current events; however, its means of study and course of action to seek out opportunities among the trends is absolute. I would recommend this book to anyone seeking insight into any market.
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