Summary of My Electrician Drives a Porsche?
Investing in the Rise of the New Spending Class
Contrarian investing – why it works and how to do it, whether you’re a plumber or a billionaire.
Investor and speaker Gianni Kovacevic explains contrarian investing, why he believes it works and how to do it. He presents a convincing argument to support his belief in the value of a growing global consumer class and he covers the commodities it will demand to support middle-class lifestyles. Unfortunately, he frames his advice within an implausible fable that involves “Sparky,” the whiz-kid electrician/investor, and “Doc,” his unlikely, 50-something protégé. Kovacevic’s decision to frame his book’s thesis within the story of a Gen X electrician – much less one who seems to have a Nobel economist’s knowledge of macroeconomics – turns out to be an ineffective narrative strategy. You may experience some frustration sorting through this poorly told story to find nuggets of potentially sound investing guidance. While never giving or endorsing investment advice, getAbstract suggests Kovacevic’s tale as an avenue to insights on contrarian investing.
In this summary, you will learn
- How inflation steals value from conventional investment returns;
- What contrarian investing involves;
- Why contrarian investors should pay close attention to demographics, especially in developing nations; and
- How to consider commodities when you invest.
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