I knew the author as I subscribe to the newsletter "Early To Rise" in the Agora group. I believe he is one of the editors, for one of the investment newsletter, if I'm not wrong. They were recommending this book 1-2 years ago. Anyway, I was surprised to see it in the library, so I borrowed it.
The book is about how one can benefit from sniffing out good stocks. It should not be limited to a particular country, a sector or industry. A bull hunter is one who knows where the world's market is shifting. This book only looks at the macro view of the world's market and how the big countries, such as America, China, India, United Kingdom has or will rise and/or fall.
The author has a strong stand in buying ETFs. He believes ETFs will outperform any portfolio which contains purely individual company stocks. He gives comparisons between ETFs and individual stocks. I do agree with him on most cases that ETFs are a very good investment for the long haul. If you look at any matured markets in the world for the last 20 years, you will see that the respective stock market index rise at least 5-10% pa. I believe the rate for the STI is about 8% and its about 11% for the US market.
He also described what he saw and heard when he went to China and India. Both these 2 countries will flourish in coming years. As this book was written in end 2004 and now is mid 2007, what he has predicted is true.
A few stock/companies were mentioned and recommended. As the recommendation was at least 2 years ago, you can do your research if you are interested and believe in Dan.
Overall, I would say that this book does give a big helicopter view of the money market of the world, in terms of how UK became strong and waned, how USA overtook UK, how USA is having major money problems, and how the emerging countries are borned.
Only 200+ pages.
Wednesday, July 4, 2007
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There is a new video out of Dan Denning’s speech, given at the Rim of Fire Conference in Vancouver (07/07)...
YouTube: Dan Denning Speech at Investment Symposium
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