Ken Fisher – Bargain Hunters, Contrarians, Cycles, and Waves – book summary

This book is the little kid of one more interesting book from Fisher called 100 minds that made the market.

It has a history view on some investors like Kondratiev, Roger Babson, Charles Dow, Ralph Elliot, John Templeton, Charles Mackay, Humphrey Neil, David Dreamon, John Neff and John Putnam.

My favorite was Kondratiev, a Russian economist, who was a proponent of the New Economic Policy (NEP), which promoted small private, free market enterprises in the Soviet Union. He is best known for proposing the theory that Western capitalist economies have long term (50 to 60 year) cycles of boom and bust. These cycles are called Kondratiev waves.

Kondratiev’s theory is interesting because like Ray Dalio and Jim Rogers keep saying, “Everything in History is another one of those”, or put it best, It is not the same but it rhymes.

You can get a better view on market cycles and what keeps happening over and over again.

As always when someone like this comes along at that point in history, the Russian government made sure it “took care” of him.  You can get this book ">here

Be great, nothing else, pays.

DM

The post Ken Fisher – Bargain Hunters, Contrarians, Cycles, and Waves appeared first on Breathe To Prosper.