Research shows that the rate of technological progress is actually slowing as we near the new millennium and this will have a profound effect on the investment picture. In Defying the Market, the influential editor of Personal Finance newsletter (180,000-circulation) reveals his investment strategies for profiting in the next market wave. Packed with specific stock and mutual fund selections that any investor can implement quickly and easily, it features a model stock portfolio poised for growth in the post tech world. The book also shows investors which global factors will be most important to their financial future, and analyzes the four key investment plays likely to explode in the post technology boom.
Defying The Market
and over one million other books are available for Amazon Kindle.
Learn more
| ||||||||||||||||||||
Book Description
Editorial Reviews
Amazon.com Review
In the world of technology, one of the best-known maxims is Moore's Law, a 1965 prediction by the cofounder of Intel, which states that computer chips will double in speed and power every 18 months. For many, Moore's Law has come to symbolize the idea that all aspects of technology--from medicine to weather prediction--will continue to move forward at the startling rates we've grown used to. In Defying the Market, investment guru Stephen Leeb presents a different interpretation. He notes that people back in the 1960s continued smoking, even when they knew it would make them sick, because they felt sure science would find a cure for cancer by the time they got it. As we all know, the cure hasn't been found, and Deeb feels that most technological innovation has in fact ground to a halt. Science, he argues, is limited by the fact it depends on computers to make new discoveries. But we can't really make computers any smarter--only cheaper and faster.
In addition to a technological slowdown, Leeb also sees an unabating demand for worldwide economic growth. Put these two phenomena together, and you've got inflation, which is not entirely bad news for investors. He predicts that oil and gold stocks will rise from the modest positions they've held in the low-inflation '90s; that computer stocks like Dell and Gateway will falter because, as prices rise, users won't feel a need to pay for incremental improvements in speed and whiz-bangery; and that while only the largest tech companies--such as Microsoft and Cisco--will continue to profit, food companies such as Pioneer Hi-Bred and tractor maker Deere Co. are better bets.
This is one of the most contrarian, challenging books an investor can read. One can imagine the rebuttals pouring in from the scientific, economic, and investment worlds. But if he's right, those who heed Leeb's advice stand to make more money than a Deere tractor can pull. --Lou Schuler
Review
"A provocative, contrarian thesis...well-written, carefully documented...packed with thought-provoking case studies...If the Leebs turn out to be right, they'll have given investors advance notice of the changes a slowdown in technological innovation could bring, long before the warning clouds appear on the horizon."
Product Details
Would you like to update product info or give feedback on images?
|
More About the Author
Stephen Leeb is the chief investment officer of a New York-based money management firm, and the author of seven popular books on economics and investment, including the bestselling "The Coming Economic Collapse." He holds a bachelor's degree in Economics from the Wharton School of Business, and an MA and PhD from the University of Illinois. Famous for his accurate predictions (especially of the dot.com collapse and $100-a-barrel oil), he is frequently quoted in the financial media, including The Wall Street Journal. He is a regular guest on Fox News, NPR, CNN, and Bloomberg.
Customer Reviews
|
Share your thoughts with other customers:
|
||||||||||||||||||||||
|
Most Helpful Customer Reviews
6 of 6 people found the following review helpful:
5.0 out of 5 stars
A new investment paradigm is emerging--be prepared.,
By A Customer
This review is from: Defying the Market: Profiting in the Turbulent Post-Technology Market Boom (Hardcover)
The Leebs' latest treatise presents a compelling argument that technology is starting to run into physical limitations, which will slow the pace of progress going forward.Whether or not you believe the case the authors lay out, the implications are far reaching enough that they merit exploring the argument. The most serious conclusion the book makes is that without technology leading the way to a more productive economy, the mandate for faster global growth will spiral into more inflation in the next millenium. If the conclusions are correct, it will throw the growth-investing world on its head. But all is not lost. The Leebs' tome isn't merely academic; the authors go onto instruct the average investor on how he or she can capitalize on this dynamic secular shift. Most important to the reader, the authors provide specific stock recommendations and model portfolios tailored to investors with varying amounts of investment funds. The result is a well-reasoned academic construct for investing in the 21st century superimposed on a functional investment book for even the novice investor.
5 of 5 people found the following review helpful:
5.0 out of 5 stars
Profoundly provocative.,
By A Customer
This review is from: Defying the Market: Profiting in the Turbulent Post-Technology Market Boom (Hardcover)
I'm addicted to reading investment books, and I've bought and read hundreds. But I recently finished one that I think is truly special-Defying the Market by Stephen Leeb and Donna Leeb. Although I knew that Stephen Leeb is well-respected investment adviser and money manager, I was skeptical when I saw from the jacket copy that this book argues that technology is slowing down and bases its investment advice on that premise. But the book convinced me that there's a lot to what he says. This is an investment guide that contains no hype, just a lot of solid research and original analysis. As a bonus, it is so readable that even though initially I thought I might find the section on technology and science hard going. I zipped through it. The Leebs aren't trying to impress or fill up pages-they have a real message and it comes across clearly. In fact, this book is a book not just for investors but for everyone that is interested in making sense out of today's world.
3 of 3 people found the following review helpful:
4.0 out of 5 stars
Ambivalent about this book,
By A Customer
This review is from: Defying the Market: Profiting in the Turbulent Post-Technology Market Boom (Hardcover)
I am somewhat ambivalent about this book. The authors say that there has been no major scientific or technological breakthrough in the last 20 or so years, and yet, fail to pinpoint the reason why technology as an investment sector has done so well in the last decade. To present my own opinion, I think it is because of the immense progress made in *applying* science and technology to real-world problems. I don't think the authors say this anywhere in their book. All they say is that scientific and technological innovation is slowing down. However, they make a good case as to why they think the sector will slow down even more in the coming years.I am also in agreement with the authors' arguments that as far as investing is concerned, the kind of portfolio that will generate great returns in the next 15 years is going to be something that will look vastly different from the one that generated great returns in the last 15 years. Towards this end, the authors present various portfolios consisting of inflation hedges, deflation hedges, franchises and environmental plays. They also explain in great detail the reasons why an investor should diversify along those lines. All in all, a very interesting book. I think it will serve as a handy reference for every serious investor during the coming decade or two.
Share your thoughts with other customers: Create your own review
|
|
Tag this product(What's this?)Think of a tag as a keyword or label you consider is strongly related to this product.
Tags will help all customers organize and find favorite items. |
