This audiobook is narrated by an AI Voice.
This book is written for you — the ordinary investor, the middle-class professional who saves diligently, who contributes month after month to a retirement account, who worries about whether those hard-earned dollars will still be there when you need them. It is not written for hedge fund managers, day traders, or the speculative class that gambles on meme stocks and cryptocurrency tokens. If you are looking for a system to profit from short-term market volatility, this is not the book for you.
This book is written for the long-term, buy-and-hold investor — the person saving for retirement, building a college fund, or simply trying to preserve and grow wealth over decades. For such investors, the distinction between navigating a bubble and participating in one is existential. The damage inflicted by the 2000–2002 dot-com bust and the 2008–2009 financial crisis took many investors ten years or more to recover from — critical years of their saving lives.
The good news is that for patient, disciplined, value-oriented investors, bubbles and their aftermath also create extraordinary opportunities. The best time to plant the seeds of long-term wealth is when prices have returned to earth. I build on the accumulated wisdom of such investors as Warren Buffett, John Templeton, Benjamin Graham and Peter Lynch. You should have your cash ready for when the crash comes!