2006-12-23
Putin's Russia: Life in a Failing Democracy by Anna Politkovskaya (2005)
This book is a sad memento to Anna Politkovskaya, who was gunned down in Moscow in 2006. Occasionally paid and in some cases semi-starving military personnel handling atomic warheads, strategic submarines and the like? Army conscripts getting into unfortunate accidents? Corruption at all levels of government and society? Judges bought and still reappointed for further terms? You just watch all these unfold in this book. One of the chapters is a cautionary tale to any investors dabbling in securities investments in "developing" markets, detailing the "redistribution" (or to be more exact stealing) of government wealth into private hands in one of the provinces, and the coldblooded aggression and violence surrounding those events. The whole book paints a really bleak picture of the current political and economical climate of Russia.
2006-12-17
The Demise of the Dollar... and Why It's Great For Your Investments by Addison Wiggin (2005)
This short book regurgitates the obvious, starting from the discussion on "fiat" vs. gold backed currency, through the faulty policies of the (banking cartel) Federal Reserve and the trade and budget deficits, showing how the once mighty US dollar is destined to fall. And maybe it is already losing its value faster than it can be seen from the official statistics, as inflation numbers maybe underestimating the real inflation by about 2%. Basic investment options are offered to take advantage of the demise of the dollar, including purchasing foreign currency (likely Euro) or currency options, buying foreign securities, and purchasing gold and gold producers. The problem with this book is the same as with the quoted Prechter's Conquer the Crash
, while we can see how this can be applicable and partially unfolding, without exact timing this is no help to investment success. Unless timed perfectly, implementing the suggested strategies would likely be detrimental to your financial health (and this includes buying foreign securities which is the least "speculative" choice), if the dollar happens to strengthen during your holding period.
2006-12-16
Through the Children's Gate: A Home in New York by Adam Gopnik (2006)
Essays on New York, life and everything. Reflections on small events (the production details of a children's school play) and large events (the 9/11 attacks) take the writer and the reader on journeys of the mind. A pleasure.
Brief encounters with Che Guevara : stories by Fountain, Ben (2006)
A stories (mostly of Americans) set in places (third world hell holes) you likely would not want to be, exposing how humans stay human exhibiting the same old emotions, hunting for a deal, the almighty dollar and women. More the things look different at first glance, more they are the same later ...
Winning Through Intimidation by Robert J. Ringer (1973)
This is a somewhat different book from the later books of Mr. Ringer. Read this as a ready-made recipe on becoming a top-end real estate (or maybe even other kind of) broker. After taking classes at and graduating from the Screw U(niversity), it is established that there are three kinds of business people you interact with, the first is out for your blood and does not hide it, the second is out for your blood and hides it well, and the third says that he is not out for your blood and gets you at the end when lulled into relaxing, but all of them want to pay you zero commissions, and preferably make you do a lot of work for free. Steps to success:
+ Move from being intimidated, to being the intimidator yourself
+ Make sure that you have legal standing, sign contracts establishing relationships early.
+ Be a member of the "union" (as many states require to pay real estate brokers participating in transactions, even if there was no written agreement).
+ Participate in the closing with your own lawyer.
+ And it also helps if you are flying around in your personal LearJet :)
The interesting number from the book, is that the author earned about 3% commissions, which is not near the 6% "customary" at the time.
+ Move from being intimidated, to being the intimidator yourself
+ Make sure that you have legal standing, sign contracts establishing relationships early.
+ Be a member of the "union" (as many states require to pay real estate brokers participating in transactions, even if there was no written agreement).
+ Participate in the closing with your own lawyer.
+ And it also helps if you are flying around in your personal LearJet :)
The interesting number from the book, is that the author earned about 3% commissions, which is not near the 6% "customary" at the time.
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