Wednesday, November 10, 2010

Watch the financial bears

Books of Account
Anatomy of the Bear
Russell Napier

Field guide for the bear trail

Consumers do not object to lower prices and neither should investors if they are buying rather than selling, writes Russell Napier in Anatomy of the Bear. Avoiding bears preserves wealth, but buying cheap in a bear market, given the positive real long-term returns from equities, is even more profitable, he adds.


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