Synopsis
How does one spot the bottom of a bear market? What brings a bear to its end?
There are few more important questions to be answered in modern finance. Financial market history is a guide to understanding the future. Looking at the four occasions when US equities were particularly cheap – 1921, 1932, 1949 and 1982 – Russell Napier sets out to answer these questions by analysing every article in the Wall Street Journal from either side of the market bottom.
In the 70,000 articles he examines, one begins to understand the features which indicate that a great buying opportunity is emerging.
By looking at how markets really did work in these bear-market bottoms, rather than theorising how they should work, Napier offers investors a financial field guide to making the best provisions for the future.
This new edition includes a brand new preface from the author and a foreword by Merryn Somerset Webb.
Details
18 January 2016
9780857195227Reviews
Brilliant...a must-readMerryn Somerset Webb
I first read the second book on my list when it was published six or seven years ago and it is one of my favourites on investment. Russell Napier's Anatomy of the Bear is a must-read for anyone who wants to understand the great sweep of investment history and, in particular, why markets suddenly decide to stop falling and start rising again.Tom Stevenson, The Daily Telegraph
an outstanding 'must-read' for any student of financial marketsMarc Faber, author of Tomorrow's Gold
Here's a cushion for when you hit the bottom.The Financial Times
