‘…fantastic simplicity and elegance…the best explanation of "contango" and "backwardation" that I've read' (FT.com, October 2010).
From the Inside Flap
Your next, best investment opportunity isn't in stocks, bonds or real estate-it's in commodities, the basic raw materials of everyday life. Smart investors know that after a decade of decline, stocks aren't where the big money will be made. The winning bets of the future will be where global growth is going,
rather than where it's been.
A rapid re-ordering of the global economic pecking order is underway, transforming the lives of millions and setting the stage for a massive bull market in commodities. Asia, led by China, is rising, and by 2020 the developing world is expected to be responsible for a staggering two-thirds of total global economic output. As millions of people around the world join the ranks of the global middle class, they'll be snapping up consumer items such as appliances and cars and underpinning an enormous demand for commodities. The economic strides made by the developing world so far have been breathtaking, but they're only just beginning. And that's a good news story for commodities.
From cocoa to copper, the world of commodities is awash in opportunity. Yet commodities get short shrift in most investment portfolios despite the fact there are long stretches of time when commodities soar while stocks and bonds swoon. This is one of those times.
Understanding commodities is a prerequisite for future investment success and The Little Book of Commodity Investing is an indispensable guide for investors-whether they're titans on Wall Street or retirees on Main Street-to the ins and outs of this hot sector, that will only get hotter. This practical guide covers:
- why commodities figure as part of any well diversified investment portfolio
- all major commodities and what makes the tick
- why commodities often zig when other investments zag
- why commodities are the next big thing.