The editor of GRANT’S Interest Rate Observer gives us Mr. Market Miscalculates: The Bubble Years and Beyond which contains informative essays drawn from GIRO. Grant sticks with observation and let’s prediction take a back seat, but his observations and prose are second to none in the industry. Grant is surely of the Austrian school, but you might not know it from reading the book other than his support of a return to the gold standard. Grant is above all value analysis in the tradition of Benjamin Graham and the almost forgotten school of “buy low, sell high.” For anyone interested in figuring out the investment market this book would be of great assistance.
Source link: http://archive.mises.org/9083/merry-christmas-from-jim-grant/