Views on Life & on Equity Investing

Wonder, Wealth & Abundance

When Money Dies by Adam Fergusson

with 2 comments

As the title suggest, it is a nightmare of a currency collapse. Dark days of Germany, Hungary and Austria are detailed with a historians meticulousness.

The style is not very free flowing thus impeding enjoyment.

Scope of the book is to provide an account but not survival guide to hyperinflation. Although implicit in the pages is the illegal activities conducted by businessmen when faced to the wall is evident by going long on foreign currencies and shares which represent tangible assets.

Just before the first world war Mark, Pound, Franc and Lira were about the same but over the next decade reparations and printing press rapidly impoverished Mark to 1 trillionth versus other currencies. The insurance sum received by widows or claims was less in purchasing power than the premium paid out of hard earned income in former years. Buffett who recommends this book is so correct in asserting that cash under carpet or bank is the worst asset one can own.

Written by amitdipsite

March 12, 2011 at 6:42 am

Posted in Uncategorized

2 Responses

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  1. Dear Amit,
    So you read it!! I could not because of its style as you mentioned.
    So USA is printing $s, thats why Buffet is recommending this?

    What other thoughts you can share from this book?


    Rahul Kumar Paliwal

    March 20, 2011 at 6:41 am

  2. Thanks to you for the book.

    Humans would rather commit crime and avoid tax than pay high taxes such as 70% income tax.

    All wars in past were due to economic reasons and desire to expand empire.

    Equities in countries with stable currencies are best investment in any time and clime.

    My thoughts are that I'd rather live in a spaceship or escape to another peaceful planet.than fight a war. Theoretically there are 100s of stars and 1000s of planets per capita but look at the situation on earth due to our backwardness. People killing others for few 100 square yards. So problem is with man and his mind.

    Amit Arora

    March 21, 2011 at 11:31 pm

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