Douglas S Roberts
In Follow the Fed to Investment Success, Doug Roberts skillfully outlines a proven approach to investing that is based on the idea that there is direct correlation between stock market performance and the actions of the Federal Reserve Bank. For those who want to build true wealth in today’s markets, Follow the Fed to Investment Success offers an easy-to-understand approach to investing that anyone can implement—with little effort and even less time.
The author argues that there are small and mid-sized companies that are affected very much by the Federal Reserve Bank’s decisions pertaining to the availability of money and credit. While larger companies are not affected as much, these smaller companies rely on credit availability more while operating their businesses. Therefore, investors can profit handsomely by investing in these companies while following the Fed’s decisions.
The author takes the readers through a journey of how he developed his unique investment philosophy. He used to have his money invested in Berkshire Hathaway, which is run by Warren Buffett. But in the 1990s, value investing was extremely hard to practice due to the overpriced stock market. I would recommend this book to readers looking to think outside of the box.