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The authors have built quite a franchise with their Aftershock series, which, like a number of others, predicts that the Fed's money printing and bond buying will end badly, essentially in a depression in which the economy will ultimately re-set. There certainly is plenty to worry about and the authors make a good case for their position.
What is disappointing is that the authors really do not present a lot of actionable investment advice or other advice. It might be summarized as buy gold and learn a useful skill that involves repairing things. To that end, I think the title is a little misleading. It should be noted that there is an Aftershock mutual fund (SHKNX), although it has high expenses and its performance has been pretty awful as of the date of this review (February 1, 2014). Of course, that does not necessarily provide a means for judging it because the market boomed in 2013 -- the authors would argue as a result of a fake recovery pumped up by Fed stimulus -- and the fund is presumably built to do well in a crash or the aftermath.
Another disappointment -- although not surprising -- is that the book seems to offer a lot of recycled material. I'm going on memory here from the original Aftershock, but there is a lot here that will be very familiar if you have read the authors' prior works. Further, it seems to me that there are parts of the book that are very repetitive. My impression after listening is that the book could really use a good editing.
In terms of actionable advice, there's not much here. To me, the overall economic thesis of the book is persuasive, and it makes sense to be cautious and to keep a very close eye on things. Readers might want to consider "The Permanent Portfolio" for more actionable advice.
3 of 3 people found this review helpful
What did you love best about The Aftershock Investor?
The amount of detailed info to back up their predictions.
Have you listened to any of Allan Robertson’s other performances before? How does this one compare?
What’s the most interesting tidbit you’ve picked up from this book?
How much manipulation is taking place in our overall economy.
Any additional comments?
1 of 1 people found this review helpful