Michael Lewis

 

In light of the worst opening week for the stock market in the history of it’s new year’s performance, Preston and Stig take a thorough look at the current market conditions and reveal some of their strategies for the new year.

The episode also includes a brief discussion of Michael Lewis book Boomerang. This book explains what happened prior, during, and past the financial crises when global credit became very cheap. If you want to read our five page executive summary of this book, Boomerang, view this page instead. If you would like to download all of our book summaries, click here.

In this episode, you’ll learn:

  • Why hedge fund managers like billionaires George Soros, Stanley Druckenmiller, and Ray Dalio might be the ones to follow instead of Warren Buffett.
  • Why Stig’s primary asset class is equities and which alternative assets Preston pays attention too
  • Why the price of oil is in the low 30s, and whether or not Preston and Stig have changed their portfolio accordingly
  • Which asset allocation strategy Preston and Stig recommend for The Investors Podcast’s audience right now
  • What went wrong in Iceland, Ireland, Greece, Germany, and the US prior to the financial crisis

Tweet your comments to this podcast episode directly to Preston, Stig and the rest of The Investor Podcast’s community using “#TIP69”


BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

Michael Lewis’ book, Boomerang – Read reviews of this book

Preston’s Blog Post, Will the Stock Market Crash in 2016?

Ray Dalio’s 300 Page White Paper, Economic Principals


VIDEOS THAT SUPPORT THIS PODCAST

Billionaires Carl Icahn and Boone Pickens talks oil in DEC 2015


Download any Audio Book on Amazon.com for Free

  download-free-bookA lot of people ask us how we have time to read so many books. The truth is… we don’t! We listen to audiobooks. The beauty of audio books is you can knock-out two things at the same time. For example, driving, standing in line for your glamour shots at the mall, or just doing the dishes. All joking aside, reading a book every two weeks is probably the most profound element to our success in business. That's why we have worked hard with Amazon.com to get an exciting deal lined up for all the Investor's Podcast listeners. If you click on our exclusive link to Amazon's Audibles, you can download any free audio book straight onto your smartphone! If you don't like the service within 30 days, keep the free book and cancel the service. Amazon's Audibles has the largest listing of audio books in the world with over 180,000 titles. I personally use Audibles because it has the cheapest prices, the best reliability, and the largest selection of titles (You pick the books through Amazon.com). Making a commitment to read a new book each month is hands-down the most important investment you can make. - Preston & Stig

Download Preston and Stig's Free Checklist

Download Preston & Stig's free stock investing checklist. Their checklist was developed after spending countless hours studying billionaires like, Warren Buffett, Carl Icahn, and Ray Dalio. With their checklist, you can find safe picks that protect and grow your principal. Additionally, Preston & Stig read a lot of books and write executive summaries for each book they finish. If you download their checklist, you will be added to their monthly e-mail list where they send their book summaries. There are never any advertisements...ever. Here's an example of one of their executive summaries, based on the book written by Billionaire Charlies Koch.