Cocktail Economics: Discovering Investment Truths from Everyday Conversations

Foreword

I have a great job. I travel the world, give speeches, advise corporations, nurture companies, write about investing, and talk about investing on television. It’s the kind of job that has its share of perks, one of which is that I get to meet smart people who truly grasp the ins and outs of investing in stocks and bonds. A vast amount of investment advice is available today, and much of it is garbage. But among the smart advisors—the accurate ones—are those who understand that investments behave in certain ways for a certain set of economic reasons, and that there’s a right and wrong way to invest during each and every economic moment. Right now is an economic moment. Is your money invested according to the distinct set of economic circumstances ...