Details

<p>Acknowledgments xv</p> <p>Introduction xvii</p> <p><b>Mid-2010</b></p> <p>FDR’s Fiscal Policy Redux 3</p> <p>Staying Close to the Shore 11</p> <p>Stay Long but Watch the Ticks 15</p> <p>This Is No Time to Get Wobbly, George! 18</p> <p>Make No Mistake: More QE Is Big Stuff 21</p> <p>The Best and the Brightest Are Still Licking Their Wounds 25</p> <p>Nobody Can See His Own Backswing 29</p> <p>Fire and Ice 31</p> <p>Miss at Least One Meeting a Day 38</p> <p>Stick to Your Guns 43</p> <p>Stage Two of a Cyclical Bull Market 45</p> <p>The First Word in Analyst Is Anal 49</p> <p><b>2011</b></p> <p>Be Long Term but Watch the Ticks 57</p> <p>Shake Well Before Using 63</p> <p>Fancy Dinner and Candlelight 68</p> <p>Stevie Cohen Tells a Good Story 71</p> <p>The Canary in the Coal Mine? 73</p> <p>Still Hanging in There 79</p> <p>The Market Is a Discounting Mechanism 82</p> <p>The Madness of Crowds 86</p> <p>Earthquakes and Equities 89</p> <p>The Riddle of Japan 93</p> <p>Start Buying the Dips 101</p> <p>Babbling Away 104</p> <p>Swensen and Yale 107</p> <p>The “Atlantic Crisis” 113</p> <p>Turn Off Your Bloomberg and Tune Out the Babel 116</p> <p>The New Face of China 119</p> <p>Harvesting the “Grapes of Our Own Wrath” 125</p> <p>No More Water, the Fire Next Time 128</p> <p>The Valley of Death 130</p> <p>Lest We Forget 133</p> <p>“If You’re Going through Hell, Keep Going!” 136</p> <p>Begin Thinking about Buying 140</p> <p>Agnostic Optimist 144</p> <p>My Bet Is that the Rally Is Still a Work in Process 148</p> <p>The Truth Will Set You Free but Chardonnay Isn’t Bad Either 152</p> <p>Investing in a World Lit Only by Fire 155</p> <p>Private Equity 158</p> <p>Another Tsunami 168</p> <p><b>2012</b></p> <p>A Tough Call 175</p> <p>No Bull 179</p> <p>The Elderly Kid Goes to a Tech Conference 185</p> <p>Positive Change at the Margin Continues 190</p> <p>Simpson Bowles Forever 194</p> <p>Shake Well Before Using 198</p> <p>This Business Is Getting More Complicated 201</p> <p>Conclusion 207</p>

<p>The late <b>BARTON BIGGS</b> was as familiar a figure in the investment world as John Bogle, Warren Buffett, George Soros, or Mario Gabelli. He spent thirty years as a senior partner at Morgan Stanley, during which time he formed Morgan Stanley's #1-ranked research department, built its investment management business, was chairman of the investment management firm, and then became the firm's leading global strategist. After Morgan Stanley merged with Dean Witter in 1996, Biggs was a member of the five-man executive committee that ran the firm. In 2003, Biggs left Morgan Stanley and, with two other partners, formed Traxis Partners, a multibillion-dollar hedge fund. Biggs was named by <i>Institutional Investor</i> magazine to its "All-America Research Team" ten times, spoke frequently at forums around the globe, and appeared on CNBC and other programs on more than 300 occasions.

<p>Barton Biggs is a legend on Wall Street. Known for both his insights and his creativity as a writer and an observer of markets and the Wall Street scene, his opinions are very highly regarded, and he is considered one of the best brains in the business. In <i>Diary of a Hedgehog: Biggs' Final Words on the Markets</i>, he shares his insights into why the markets remain at this low level and offers his theories for the future. Drawn from his actual diary of recent events in this time of economic turbulence— written in the heat of the moment, not retroactively—this book addresses the downward economic spiral we have landed in within the last year and reveals Barton's gut feelings on where we are headed. <p>"Understanding the effect of emotion on your actions has never been more important than it is now," says Biggs. "In the midst of this great financial and economic crisis that grips the world, central banks are printing money in one form or another. This makes our investment world even more prone to bubbles and panics than it has been in the past. Either plague can kill you." But while offering dire warnings such as this, Biggs also provides readers with key advice on how to protect their assets and survive even the worst of times. <p>With keen insight, global experience, and informed opinions on investing, this book showcases Biggs at his best, offering readers the inside scoop into what's happening and where we go from here.

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