Crisis Investing for the Rest of the ’90s
Douglas Casey’s investment strategies are for neither the timid nor the casual investor. He suggests finding ten investments likely to pay off with a 1,000 percent return; if only one succeeds, the rest can be complete losses and still allow the portfolio to yield a good rate of return. Unfortunately for readers of this volume, he offers few concrete suggestions as to where these phenomenal returns might be found.
CRISIS INVESTING FOR THE REST OF THE 90’S is more about Casey’s extremely free-market ideology than about investing, though he does a good job of describing several lesser known markets. He predicts what he calls the Greater Depression as the inevitable consequence of government interference in the private market. His antitax message is strong, likening taxation to theft. Unusual in a book of this type is the final chapter, which offers Casey’s philosophical suggestion that pursuit of money is not necessarily the best way to find happiness.
Most of Casey’s ideas would be difficult to implement for anyone without a substantial stake to invest. For example, he suggests buying property in resortlike locations and buying significant numbers of shares in small companies. Before taking a large minority shareholder position, Casey suggests that the investor visit the company and investigate its operations. This clearly is not a strategy for someone investing a few thousand dollars. For smaller investors, Casey recommends buying...
(The entire section is 299 words.)
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