Invest Like a Dealmaker outlines an approach to investing that is far removed from what most investors have been conditioned to believe, but which has produced consistent profits for its practitioners decade after decade. While the concepts covered are not well known by the average investor, they are well appreciated by Wall Street insiders and dealmakers—particularly those who think about stocks as whole companies, as things with real assets, and cash flows that exist in the real world.
Chris Mayer is managing editor of the Capital and Crisis and Mayer's Special Situations newsletters. He also is a contributor to the Daily Reckoning.
Graduating magna cum laude with a degree in finance and an MBA from the University of Maryland, he began his business career as a corporate banker. Mayer left the banking industry after ten years and signed on with Agora Financial. His first book, "Invest Like a Dealmaker, Secrets of a Former Banking Insider," documents his ability to analyze macro issues and micro investment opportunities to produce an exceptional long-term track record of winning ideas.
Chris's latest book "World Right Side Up" (Wiley & Sons, April 2012) is the product of eight years of travel and research that began with a trip to China in 2005...
Since the Industrial Revolution, the Western world--mainly the United States and Western Europe--has vaulted well ahead of everyone else. Traditionally wealthy economies such as China and India and parts of the Middle East were left far behind. The Western world dominated creating a gap--in manufacturing might and in military power, especially.
This gap probably reached its apex sometime in the 1950s. America's economy alone was nearly half of the world's industrial output.
But things started to change in the late twentieth century. The gaps narrowed. And these trends continue to unfold in the present. My thesis is that such narrowing of the gaps will continue for decades. This will be the most important long-term investment theme of the twenty-first century.
I call it "the world right side up" because it is, in my mind, a more natural world, more the way the world ought to be. It's a Western conceit to think that the current technical, economic and military superiority of the West is normal. When you look at the history of our planet over a longer time frame, the dominance of the West is a relatively recent affair.
"World Right Side Up" is an investment travelogue across six continents in places such as Colombia, Vietnam, South Africa and more, giving readers a chance to see this thesis up close. Along the way, many investment trends and ideas are uncovered. Readers meet experts in each of these countries and a key takeaways section included at the end of each chapter include valuable resources for further research.
Mayer's commentary has been featured by MarketWatch, Russia Today TV, the Atlanta Journal-Constitution, and the Huffington Post.
