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The Sale of a Lifetime: How the Great Bubble Burst of 2017-2019 Can Make You Rich Hardcover – January 3, 2017
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About the Author
Harry S. Dent, Jr., is the bestselling author of The Demographic Cliff, The Great Depression Ahead, and many other books. He is the founder of Dent Research, which publishes the newsletters Economy & Markets, Boom & Bust, and The Leading Edge, among many others. He has an MBA from Harvard, was a consultant for several Fortune 100 companies while at Bain & Company, and lectures widely. He lives in San Juan, Puerto Rico.
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Dent made his name on demographics and his spending cycle, which are good tools for directionality but fail to match actual events. He tried to cover this by adding more cycles which stretches reality too far. I have a real problem with his supposed geopolitical cycle and his argument in the book is very poorly done. He has multiple pages of current negative events, but blows off the period of 1983 to 2000 by saying nothing bad happened; ignoring Beirut, Chernobyl, Columbine, Iraq invasion, Tinammen Square, etc. His innovation cycle is supported by some slight of hand that just shows the weakness of the basic argument. All he seems to have left is the sun spot cycle, with such a large time variation to negate its value and no real reason for it to have any effect. His long term cycles are even less credible.
A recession is likely coming, but this book doesn't really present anything new for discussion. I expected so much more.
I like his writing style and his level of confidence. I also like all the data he provides. I would take this book as "one more bit of data for your knowledge base" and not as the Bible as to where to put your money.
Most recent customer reviews
A must read for up coming chnges in the next few years!
I liked the chapters about demographics and urbanization!
It is impossible to read the charts in his book
So small.Read more