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- - Bloomberg SHTF Article - wow, book by former Morgan Stanley Exec (http://goldismoney.info/forums/showthread.php?t=230574)

graspAU | 01-31-2008 06:57 PM
Bloomberg SHTF Article - wow, book by former Morgan Stanley Exec Telling people with money to buy a remote farm, stock up on seed, canned goods, etc. Never thought I would see an article like that on Bloomberg. I think we're getting close. Just ordered another 1000 rounds for the rifle, that makes 2000 rounds this month. Goin' in to buy 1 more rifle next week. Biggs's Tips for Rich: Expect War, Study Blitz, Mind Markets Review by James Pressley Jan. 30 (Bloomberg) -- Barton Biggs has some offbeat advice for the rich: Insure yourself against war and disaster by buying a remote farm or ranch and stocking it with ``seed, fertilizer, canned food, wine, medicine, clothes, etc.'' The ``etc.'' must mean guns. ``A few rounds over the approaching brigands' heads would probably be a compelling persuader that there are easier farms to pillage,'' he writes in his new book, ``Wealth, War and Wisdom.'' Biggs is no paranoid survivalist. He was chief global strategist at Morgan Stanley before leaving in 2003 to form hedge fund Traxis Partners. He doesn't lock and load until the last page of this smart look at how World War II warped share prices, gutted wealth and remains a warning to investors. His message: Listen to markets, learn from history and prepare for the worst. ``Wealth, War and Wisdom'' fills a void. Library shelves are packed with volumes on World War II. The history of stock markets also has been ably recorded, notably in Robert Sobel's ``The Big Board.'' Yet how many books track the intersection of the two? The ``wisdom'' in the alliterative title refers to the spooky way markets can foreshadow the future. Biggs became fascinated with this phenomenon after discovering by chance that equity markets sensed major turning points in the war. The British stock market bottomed out in late June 1940 and started rising again before the truly grim days of the Battle of Britain in July to October, when the Germans were splintering London with bombs and preparing to invade the U.K. `Epic Bottom' The Dow Jones Industrial Average plumbed ``an epic bottom'' in late April and early May of 1942, then began climbing well before the U.S. victory in the Battle of Midway in June turned the tide against the Japanese. Berlin shares ``peaked at the high-water mark of the German attack on Russia just before the advance German patrols actually saw the spires of Moscow in early December of 1941.'' ``Those were the three great momentum changes of World War II -- although at the time, no one except the stock markets recognized them as such.'' Biggs isn't suggesting that Mr. Market is infallible: He can get ``panicky and crazy in the heat of the moment,'' he says. Over the long haul, though, markets display what James Surowiecki calls ``the wisdom of crowds.'' Like giant voting machines, they aggregate the judgments of individuals acting independently into a collective assessment. Biggs stress-tests this theory against events that shook nations from the Depression through the Korean War, which he calls ``the last battle of World War II.'' Refresher Course Biggs has read widely and thought deeply. He has a pleasing conversational style, an eye for memorable anecdotes and a weakness for Winston Churchill's quips. His book works as a brisk refresher course. What really packs a wallop, though, is his combination of military history, market action, maps and charts. It's one thing to say that the London market scraped bottom before the Battle of Britain. It's another to show it. In May and June 1940, some 338,000 British and French troops had been evacuated from Dunkirk by a flotilla of fishing boats, tugs, barges, yachts and river steamers. The French and Belgian armies had collapsed; the Dutch had surrendered. Britain stood alone, as bombs shattered London and the Nazis prepared to invade. Yet stocks rallied. Mankind endures ``an episode of great wealth destruction'' at least once every century, Biggs reminds us. So the wealthy should prepare to ride out a disaster, be it a tsunami, a market meltdown or Islamic terrorists with a dirty bomb. The rich get complacent, assuming they will have time ``to extricate themselves and their wealth'' when trouble comes, Biggs says. The rich are mistaken, as the Holocaust proves. ``Events move much faster than anyone expects,'' he says, ``and the barbarians are on top of you before you can escape.'' ``Wealth, War and Wisdom'' is from Wiley (358 pages, $29.95, 15.99 pounds). (James Pressley writes for Bloomberg News. The opinions expressed are his own.) To contact the writer of this review: James Pressley in Brussels at jpressley@bloomberg.net . Last Updated: January 29, 2008 19:36 EST From: http://bloomberg.com/apps/news?pid=2...Myo&refer=home Emphasis added by me. :bear_w00t:

Twisted Avatar | 01-31-2008 07:51 PM
Re: Bloomberg SHTF Article - wow, book by former Morgan Stanley Exec DAM........... WHEN SH!T LIKE THIS IS ON BLOOMBERG.............. YOU JUST GOTTA TAKE A MINUTE TO SLOW DOWN AND REFLECT T

<SLV> | 01-31-2008 09:20 PM
Re: Bloomberg SHTF Article - wow, book by former Morgan Stanley Exec I'm going to pick it up at BN tomorrow. If it is REALLY GOOD I will pass it out like candy to all of my friends and family. I've been looking for the one book that would lay it out for them. I was hoping "Crash Proof" or "Where Have All the Leaders Gone" would be that book, but I haven't been impressed yet.

Twisted Avatar | 01-31-2008 09:36 PM
Re: Bloomberg SHTF Article - wow, book by former Morgan Stanley Exec Quote:
Originally Posted by <SLV> (Post 946554) I'm going to pick it up at BN tomorrow. If it is REALLY GOOD I will pass it out like candy to all of my friends and family. I've been looking for the one book that would lay it out for them. I was hoping "Crash Proof" or "Where Have All the Leaders Gone" would be that book, but I haven't been impressed yet.
Save the extra money for preps..most 10 out of 10 (I MEAN THAT!) wont read it............ but they will tell you that they are gonna get around to it....... people dont know sh!t stinks until there face is smeared in it!! I have alot of people I care for but I cant seem to get the point across and they border on get offended by my "help" so now I will just wait......and wait..... and wait some more... They WILL come around later rather than sooner...... But that is not your problem and not your fault You did the best you could and that is peace enough....... T

graspAU | 02-01-2008 08:50 AM
Re: Bloomberg SHTF Article - wow, book by former Morgan Stanley Exec SLV, sit down and take a look before you spend. I think it's more of a history book. The whole problem is people just don't care. I could not pay people to read the Financial Report of the United States Government or The Flow of Funds of the United States and they are free and tell most of the story.

<SLV> | 02-01-2008 09:52 AM
Re: Bloomberg SHTF Article - wow, book by former Morgan Stanley Exec Quote:
Originally Posted by scottp999 (Post 947126) SLV, sit down and take a look before you spend. I think it's more of a history book. The whole problem is people just don't care. I could not pay people to read the Financial Report of the United States Government or The Flow of Funds of the United States and they are free and tell most of the story.
Good advice. I think I'll put it on ILL order with my library first.

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