Summary of The Ten Trillion Dollar Gamble

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The Ten Trillion Dollar Gamble book summary


8 Overall

9 Applicability

8 Innovation

7 Style


A timely book on personal finance with actionable advice is rare, but investment expert Russ Koesterich delivers specific guidance for investors. He jumps into the current debate on the US budget deficit and suggests ways to prepare your portfolio for an uncertain, “deficit-driven” future. Koesterich details which strategies, asset classes and instruments offer potential safe harbors and good returns amid the grim reality of structural deficit economics. getAbstract finds his discussion of the deficit informative and useful, though at times repetitive, and recommends his book to those who are weighing their options for wise actions in financially challenging times.

In this summary, you will learn

  • How growing US deficits will affect economic and market growth, and
  • What investment strategies you should consider in a “deficit-driven” economy.

About the Author

Russ Koesterich is chief investment strategist for iShares and global head of investment strategy for BlackRock Scientific Active Equities.



Facing Reality
The US budget deficit in fiscal year 2010 was $1.3 trillion. That amount represents approximately all the debt America amassed from its founding in 1776 until 1984. So, in one year, the country overspent by the equivalent of roughly 200 years of boom, bust and war. Experts...

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    Erica Rauzin 7 years ago
    One reader (thanks again, Mark) commented that you might ladder bonds (buy shorter and longer-dated issues) if you perhaps weren't going to hold them to final maturity, and that is so. However, you might also ladder as a deliberate strategy to protect your returns on a portfolio of bonds in a rising interest rate environment. The book details that scenario on pp 84-86, for those who want to know more. (E. Rauzin, getAbstract, Managing Editor)
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    Erica Rauzin 7 years ago
    Thanks, Mark, for your informed comment. I'm checking it now with the writer and editor and we'll clarify quickly. We appreciate your eagle eye (E. Rauzn, getAbstract, Managing Editor)

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