Reviews for Money Mystery The Hidden Force Affecting Your Career, Business, and Investments

The average rating for Money Mystery The Hidden Force Affecting Your Career, Business, and Investments based on 2 reviews is 2.5 stars.

Review # 1 was written on 2021-06-11 00:00:00 Captain AM In this book, the author explains the importance of understanding money velocity: how fast money is changing hands. Overall, it seemed the book focused on the events surrounding an surge in gold prices in 1980. While important lessons can be learned from that event, the application of those lessons for today was not terribly clear. The author does mention the value of comparing the purchases of inflation-indexed bonds with regular bonds. He also mentions the importance of not investing in something you can't get out of quickly as there is a lot of uncertainty in our economy and government. I was surprised by his statements on page 64: "[T]he governments do not like [a single global economy]; they fight it. They greedily cling to their borders, tariffs, and other artificial boundaries that should have vanished with the coming of the telephone and radio. This primitive behavior creates great risk for business people and investors as governments continue to fight over territory." It seems idealistic to think that there is no need for physical borders due to the diversity of cultures and beliefs that exist in our world, creating a need to individualized governments and practical physical controls for those individual regions/countries. In general, it seems this book is an addendum to the author's other book, The Clipper Ship Strategy: For Success in Your Career, Business and Investments, explaining money velocity in order to better understand that book better.

Review # 2 was written on 2018-10-10 00:00:00 Chris Cozens Not as good as most of the other Uncle Erics, but it does a great job at explaining how the crucial economic concept of velocity influences all facets of life. The last couple chapters in the newest edition are very thought-provoking, and, honestly, quite scary.