Monday, April 19, 2021

The Agile Investor

Profiting from the End of Buy and Hold

The Agile Investor

Profiting from the End of Buy and Hold

Dr. Stephen Leeb's purpose in writing this book is to help investors deal with what he predicts will be a stagnant stock market. The author argues that in the next ten years the incredible bull market of the 1980s and 1990s will end and the country will experience great inflation, including $5-a-gallon gasoline and mortgage rates in the high teens. Fast forward to 2020, indeed, Dr. Stephen Leeb was correct in his predictions made at the time of this book's publication in 1997. Regardless of when this book was written, Dr. Leeb's incredible insight into the cyclical nature of the stock market allows for you to apply these investment principles to any era. In the 'Agile Investor' Dr. Stephen Leeb cites lack of economic growth, a continued threat from foreign competition, a crisis in the American education system, and huge amounts of debt as reasons why he has made the aforementioned predictions. He claims that the days of buying a stock and holding it are over, because a volatile market will require investors to use market timing to buy and sell stocks at precisely the right moment. Dr. Leeb offers a well-written, easy-to-understand text with a premise that lay investors should heed?

AUTHOR…INVESTMENT ADVISER…MONEY MANAGER

Stephen Leeb is a prolific author, investment adviser, and money manager who has been analyzing financial markets for more than 40 years. He is known for his prescience in connecting the dots among hidden or overlooked trends – macroeconomic, scientific, and geopolitical – and accurately describing the investment implications, often going against the conventional wisdom. He is the author of nine books on investing and geopolitical trends including his most recent book, China’s Rise and the New Age of Gold: How Investors Can Profit from a Changing World (2020, McGraw-Hill Education). He is founder and editor of the award-winning investment letter The Complete Investor, published by Capitol Information Group, a Washington, D.C.-based financial publisher. Stephen is chief investment officer of his own wealth management firm based in New York City.