• Wealth, War, and Wisdom

  • By: Barton Biggs
  • Narrated by: Erik Synnestvedt
  • Length: 11 hrs and 49 mins
  • Unabridged Audiobook
  • Release date: 07-03-08
  • Language: English
  • Publisher: Gildan Media, LLC
  • 4 out of 5 stars 3.9 (127 ratings)

Regular price: $24.49

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Publisher's Summary

In Wealth, War, and Wisdom, legendary Wall Street investor Barton Biggs reveals how the turning points of World War II intersected with market performance. Biggs will help the 21st-century investor comprehend our own perilous times as well as choose the best strategies for the modern market economy. "The wisdom of the markets" prevails, even in the most turbulent of eras: the British stock market bottomed out just before the Battle of Britain; the U.S. market turned at the epic Battle of Midway; and the German market peaked at the high-water mark of Germany's attack on Russia. Those events turned out to be the three great turning points of World War II - although at the time, no one and no instrument except the stock markets recognized them.
Biggs skillfully discusses the performance of equities in both victorious and defeated countries, reveals how individuals preserved their wealth despite the ongoing battles, and explores whether or not public equities were able to increase in value and serve as a wealth preserver.
Biggs also looks at how other assets, including real estate and gold, fared during this dynamic and devastating period, and offers valuable insights on preserving one's wealth for future generations.
©2008 Barton Biggs (P)2008 Gildan Media Corp
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Critic Reviews

"[Biggs'] air of scholarly detachment and lucid prose make Wealth, War and Wisdom worthy as both an economic primer and history seminar." ( Trader Monthly)
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Customer Reviews

Most Helpful
5 out of 5 stars
By morton on 07-30-08

A Must For Every Serious Investor

This brilliant, knowledeable man of finance offers important lessons for us today. I really enjoyed the historical quips along with Winston Churchill's impressive wit. It was interesting to hear about the personal side of the warring leaders from both sides.

It was fascinating to learn the lessons of the Japanese real estate market post war as well as the information regarding the stock markets during that time.

Biggs offers advice on portfolio and currency diversification. He also analyzes what worked and didn't work for survivors of World War II.

This is an audio book every serious investor should hear. It is an absorbing and thought-provoking primer on wealth creation.

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12 of 13 people found this review helpful

4 out of 5 stars
By Clifford on 01-09-09

Intriguing History Lesson

It is touted as a finance book, however it offers more interesting history insights. The primary financial take-away is to diversify investments (investment types and international locations) and, despite big downturns during the 1900s, the stock market over time was one of the best investment vehicles. The narrator was one of the best I have heard and I found the historical insights from WWII and the Korean War unique and intriguing. This was a very enjoyable listen.

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5 of 5 people found this review helpful

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Customer Reviews

Most Helpful
1 out of 5 stars
By Paul on 06-01-11

It's a history book - no real market analysis

It's a history book. The analysis of the interaction between the markets and the political developments is very siplistc and analytically suspect. An intelligent reader can guess what the conclusions will be here (eg do you think it is good or bad to own stocks in a country that loses a great war?).

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