Cashing in on the Crisis of Capitalism read online. Dmitry Khotimsky - Let's cash in on the crisis of capitalism ... or Where to invest money correctly

Gold can be purchased only in special cases: when it is critically cheaper or when everyone is panicky afraid of hyperinflation.

In 1971, President Nixon abolished the rule that the United States guaranteed anyone willing to exchange dollars for gold at a fixed price of $ 35 an ounce. The dollar began to depreciate rapidly, and prices rose uncontrollably. To insure their savings against inflation, investors bought gold at ever-increasing prices. Panic peaked in the early 1980s. Inflation was double-digit.

There will be questions about where exactly to invest money - go to the website of the Institute of Global Investments (www.igi.info) - we will discuss how to cash in on the crisis of capitalism.

A "good" investment is when you can buy more and more services from other people every day. As the song says: “I want each of us to earn 100 times more! But at the same time, the prostitutes asked for exactly the same amount per hour as now. "

The "nominal" price reflects the value of the goods, expressed in monetary units. The "real" price indicates how much labor can be bought for that money. In conditions of depreciation of money and growth in the value of labor, it often turns out that the nominal price of a commodity rises, while its real value falls.

It can be stated that technological progress has led to an almost fifty-fold drop in the actual price of rubber (100/2 = 50). Incidentally, this is the most dramatic drop in prices in the category of industrial goods as a whole.

It happened even despite the fact that during the 20th century, rubber consumption increased 400 times, and its prices over the past decade have increased 10 times. When I first researched this question in 2001, the fall in rubber prices over 100 years relative to wages was 500 times!

We have seen from numerous examples that advancing technologies are constantly decreasing the value of natural resources and most goods. How do you invest?

Price exclusive goods depends solely on the purchasing power of buyers, while the cost of goods in the "mass market" category is largely governed by the prices of similar products.

Without experiencing competitive pressure from sellers of substitute goods, the owner of an exclusive can always get the maximum price for his product.

It is very important that the value of exclusive goods is protected from inflation. If the amount of money in the world grows sharply, then the opportunities for buyers grow along with it. Accordingly, the cost of rare items also increases.

Stories of "falling pearls" at the beginning of the 20th century, when the invented technology of growing artificial pearls irrevocably reduced the value of natural pearls.

There was no drop in oil prices due to technological progress, despite a significant drop in production costs. Monopoly goods are similar to exclusive goods in that the supply in both cases is limited.

In the nine years from 2003 to 2011, the amount of money in the United States, Europe, Japan and China more than doubled, from $ 21 trillion to $ 43 trillion. This is approximately 9% of the annual increase.

Population growth

Over the past hundred years, we have quadrupled. Below is an illustration of the historical population growth of the planet.

Today, the world's population is growing by 1% annually.

Given the “scale of the tragedy,” we need to understand what effect population growth has on the prices and profitability of various investments.

Inflation = Wage Growth (WG) - Pond Productivity Growth (PWG)

Let's remember again that:

Wage growth (WG) = Money supply growth (RDM) - Population growth (RN)

Combining the two formulas, we get:

Inflation = RDM - RN - RPT

In the United States, money supply growth is 7% per year. Population growth - 1%. Labor productivity growth - 2%. Inflation with such indicators should be on average 4%:

4 % = 7 % – 2 % – 1 %

Our formula shows that the main reason for the rise in prices in the long term is the increase in the amount of money in the hands of the population.

In the 16th century, a significant influx of gold and silver from the New World led to dramatic changes in the European economy. Coins were minted from the new metal.

In Germany and France, prices rose no less rapidly.

This moment in history is called price revolution... He clearly showed how the growth of the money supply leads to a widespread increase in prices. And now a very important point.

The new wealth, oddly enough, made the poor even poorer. Gold just didn't reach them. It was divided among themselves by nobles and monarchs.

In Seville, through which almost all the precious metal was imported, a huge number of vagabonds, beggars, thieves and women of easy virtue appeared.

So, first of all, the unprotected part of the population always suffers from inflation. But the bankers love her very much. After all, all the new money comes first of all at their disposal. In addition, inflation significantly reduces the number of bad loans.

Return on good investments ≥ Wage growth ≈ Price increase for luxury goods = Inflation + 2%

to maintain the usual level of consumption and social status, a rich person constantly needs to increase his capital faster than the rate of inflation.

A key example for understanding the current crisis in Europe: The Germans, on a subconscious level, have a fear of a repeat of the events of 1923. They are terrified of printing money. But the Americans, on the contrary, are horrified by the prospect of a repeat of the Great Depression of 1929 - and therefore, at the slightest hint of a crisis, they print money with all their might.

Berezovsky made more than one hundred million dollars from the first batch of 35,000 cars alone.

Deposit rate = РЗ - РПТ - Banks' income

RZ - Salary growth

RPT - Labor productivity growth

Today, to be " passive "investor already extremely unprofitable... It is necessary to actively invest money. But doing this with minimal risk is not easy. You just have to learn to never invest in businesses that do not have a competitive edge. This strategy will save you tons of time and money.

The concept of "profitability" directly depends on what exactly is the constraint for the business. (While that was your time, Masha was considered a more profitable client, but as soon as there was a problem with the supply of the drug, Lyuba became it).

Investors need to understand well what is the constraint on the growth of the global economy.

Will oil ever run out or not? The answer to this question is fundamentally important for oil-producing countries.

Example 2002. Export of palladium from the country will be limited. Metal prices began to skyrocket, and soon palladium was worth more than platinum.

It was at this moment that Ford decided to play it safe and buy a rare metal for future use. The idea was unsuccessful. Soon, prices fell 75%. One can imagine the surprise of Ford shareholders when they were told that they lost $ 1 billion in precious metals.

“The basis of the character of Monsieur Bonacieux was the deepest selfishness combined with desperate avarice, seasoned with the greatest cowardice

Investors need to be on the lookout at all times. They must take into account all the factors that can provoke a crisis. They need to understand exactly when this can happen and what will happen to their assets in this case.

The Crisis from a Game Theory Perspective

Throughout the entire crisis period, the selfish behavior of individuals leads to losses for the entire society as a whole. This phenomenon is explored by game theory.

This statement can be illustrated using the so-called prisoners' dilemmas known as prisoner's dilemma. This is a famous paradox that shows that selfishness is not always the most profitable strategy.

The prisoners begin to testify against each other - and, of course, they are sent in stages, receiving five years for each.

The same effect occurs during a crisis. The selfishness of market participants leads to the collapse of the system and aggravates the position of all actors.

Aggregate debt was almost double the volume of world GDP

It is impossible to pay them. In the future, we expect either growing inflation, or very low interest rates, or massive defaults, accompanied by a fall in world GDP. You need to be ready for any of the scenarios and try to benefit from them.

If, on average, the debts of citizens exceed their annual income, the situation becomes dangerous.

Rising real estate prices

You also need to monitor property prices. If they grow much faster than salaries, it is very dangerous.

As an indicator of current affairs, you can focus on Baltic Dry Index... It tracks the cost of sea freight. If world trade is booming, there are not enough ships and prices will soar. During the crisis, the volume of traffic drops sharply, ships are not chartered and prices drop significantly.

Instead of being scattered about diversifying your funds, it's better to take your time and make one smart investment.

Better to buy one store in a good location than stocks of ten obscure companies.

In 2000, I even gave my brother an option to drop the Amazon.com share price. However, time has shown that competitive advantage is more important than any debt... Amazon.com has not only stayed afloat - it has become one of the most successful companies in the global Internet market.

Leverage

Imagine that you are a Formula 1 racer. On a straight line, you need to pick up maximum speed, and brake before turning. You can't go too fast - you won't fit into the turn. You can't go too slow - everyone will overtake you. Now imagine that you don't know where all these turns are. And then you get a real world investment model.

In this world, the twists and turns are real crises. And with the gas pedal - the very leverage, that is, financial leverage.

Sometimes too much leverage simply does not allow an investor to live to a happy ending - the very moment when his assumptions about the market finally come true.

At one time, we actively traded oil spreads. They bought gasoline and sold oil at the same time. Naturally, the leverage was serious, which is typical for futures trading.

We lost money comically, but revealingly. One fine day, gasoline turned out to be 10% cheaper than oil. This, of course, went beyond common sense. After all, gasoline processing costs a lot of money. The loss amounted to 95% of the initial investment. We have no money left for zaloga - margin call

Naturally, soon gasoline again became more expensive than oil, but our business project did not last until that day.

Another important tip: never increase your leverage for joy!

The real talent of a developer lies not in building well, but in the ability to masterfully establish a negotiation process with banks when they come to take everything away.

Known to the public Donald Trump went broke twice... But every time I managed to negotiate with banks on the prolongation and restructuring of loans

"Mendeleev table"

Now we will present all the characteristics of investments mentioned above in a tabular form. This will be the same "periodic table", each row of which corresponds to a certain type of investment, and each column - to one of its properties.

Such a table will help investors make informed decisions. Also, with its help, it is easy to make different combinations of investments, which will always provide you with decent returns with acceptable risks.

At the beginning of 2009, bonds of the Russian Standard Bank, which is engaged in consumer lending, could be bought for a third of the face value. They traded at 33 cents per dollar of debt. Everyone feared that clients would not repay loans due to the crisis. Nevertheless, after a meeting with the bank's management, it became clear that he had no chance of going broke.

Sovcombank bought a package of bonds of Russian Credit for $ 20 million. A year later, when fears subsided, bonds were again worth 100%

Service Corporation is the world's largest funeral company. Her motto was the phrase: "Every newborn is our client." Such is the harsh truth of life. This company will definitely not go broke. Their bonds, which yielded 6%, are a 100% way to earn decent interest. While banks paid almost nothing on deposits, it was a great investment.

Bonds during the crisis

If you are lucky and have cash at the beginning of the crisis, you can become rich.

The main idea when buying shares is as follows. You need to buy:

Competitive advantages ... at a good price ...

And only at a favorable moment from the point of view of macroeconomics.

In the reality gains and losses corporations at 90% are determined external circumstances... This is clearly visible in a crisis, when corporations are suffering losses, and management ceases to understand what happened to their great business plans. In reality, managers are needed only to make their enterprises look worthy in the competition. However, their work does not in any way affect the overall level of corporate income.

In the movie "Time", the rich do not just earn all the money - they also manage to lend it to the poor for frantic interest. Interestingly, the currency in the film was not dollars, but the hours of life. This is very similar to our concept that the true value is not paper, but the services of other people - count their time.

In the absence of love, the consumption of luxury fades away. Why should women dress up if they are not interested in men? Why do men need expensive cars if they don't want to win the hearts of women? When all this becomes unnecessary, people begin to be content with little. But as soon as the "beautiful life" stops, business also stops, capitalism dies and a great world war begins. So love is the basis and foundation of our whole life, and the economy is just its pleasant reflection.

In 2001, everyone believed that the Internet would revolutionize the world and that corporate revenues would skyrocket. But we know that there is no direct link between technological progress and profit. In the end, everything was fine with the Internet, but the market soon collapsed.

A stock has a "good" price if the P / E is below the historical average (over the past 20 years, the average P / E was 20, which meant a return of 5% per year). That being said, stocks are worth buying only if they generate more income than bonds.

It turned out that the rise in the value of houses in Amsterdam almost coincided with the rise in prices for other goods. During the period under review, prices grew faster than inflation. During the period under review, prices grew faster than inflation by only 0.5%. It is also very interesting that prices could rise for decades and then fall over the same long period. Everything was conditioned by crises and ups in the economy. In particular, real estate prices fell sharply during the wars and the plague.

Unfortunately, it is impossible to understand from the materials of the book how the income from renting houses correlated with the costs of maintaining them in good condition.

If rental income significantly exceeds depreciation costs, then buying a residential property is a good investment. However, one should not count on the growth in the cost of apartments and houses. Their price is largely determined by economic cycles and therefore unpredictable.

IKEA buys huge tracts of land. Part of each plot is used to build your own store. The rest of the land is for sale. Moreover, at a price many times higher than the original cost. This price increase is due to the fact that IKEA attracts a huge number of buyers. Other retailers are happy to build in the neighborhood.

Moscow in the 1930s was located within the Third Ring Road. The radius of this ring is five kilometers. By the 2000s, the city expanded by another 15 km in all directions. But it took 70 years!

The Hunt brothers became famous for bringing the entire silver market to its knees in 1980. Since the early 1970s, they have been purposefully buying silver around the world. The price has risen from $ 2 to $ 50 per ounce in 10 years. But they continued to buy, attracting credit funds. Everything ended as usual - "the greed of the frayer ruined."

When the exchange banned new purchases of silver, its price fell five times at once. The brothers lost $ 1.5 billion and were forced to sell all the accumulated metal.

art7.com has been promoting young artists for many years. The most interesting and promising in modern painting she thought was the nude direction. Beautiful pictures of naked women have always been very popular. Sergey Marshennikov

A unique $ 20 gold coin from the 1930s is called the Double Eagle. In the 30s, the rejection of the principle of the gold standard led to the withdrawal from circulation of all gold coins, and almost all "double eagles" were sent to be melted down. Ten coins were stolen, 9 were found.

After playing options a couple of years, I came to the conclusion that they only confuse investors... Good ideas can be realized without them.

Invest strategy for the next few years.

The two main parameters that influence the choice of investments are world profits and world inflation.

Depending on the future dynamics of these indicators, recommendations change as to what should be bought at the current moment.

It makes sense to buy gold in anticipation of strong inflation amid falling profits. This movement is southeast. A similar scenario is called stagflation.

First class real estate, as we can see, is always in price!

Unlike 50 years ago, all scientific thought is concentrated in large corporations. State scientific institutions do little serious research. Therefore, if there are no international companies in the country, then there are no scientific developments.

There will be no big price increases in the world. Reserves will be saved from it - high unemployment, immigration, accumulated stocks, incomplete equipment loading. In addition, as usual, prices will decline due to technological advances.

Lack of educated personnel. Where to get them in sufficient quantities is unclear. So the wages of educated people will continue to rise.

Apartments in new territories

Today there are no problems to build any number of new housing. There is vacant land, unemployed builders and idle construction equipment. So the price of apartments in new cities will not rise.

Apartments in cities

It is difficult to build a lot in existing cities, and the preparation of the documentation often takes forever. Therefore, if demand begins to grow in the secondary market in existing cities, it will be very difficult to contain it and the cost of living space will increase in value.

As the crisis recedes into the past, property prices will rise. But interest rates, apparently, will remain minimal for several more years. So for now rent will grow, but not significantly.

Figuratively speaking, today a crisis Is the epitome of war. Everyone is saving up money. But when he will end and everyone starts spending money, then it can happen hyperinflation.

Investors should be careful when investing money at a fixed interest rate for long periods. In the event of an increase in inflation, such investments will lose in value ( interest rate risk).

Need to learn and do made of an exclusive product in the labor market. Then get a job in a company with global competitive advantages

The idea of ​​buying an apartment for renting it out. Unfortunately, the profitability of such investments is much lower than the purchase of retail space. And again, during the crisis, rental rates plummet.

In Moscow, the cost of renting an apartment worth $ 400 thousand is $ 1,000 a month. At the same time, rental income for a store of the same value is $ 3,000.

Apartments

You can purchase. In this case, you must remember: buying an apartment in Moscow, we are actually buying oil.

Therefore, on the site www. igi. info we will regularly notify investors about interesting structured deposits, bonds, promotions and shopping opportunities in different countries.

Read the book Richard Pipes "Russia under the old regime". Otherwise, no investment strategy will help. You can repeat the mistakes of Khodorkovsky and Berezovsky and end up either in prison or in London.

The gold standard made it impossible to print money just like that. The consequences were dire. The crisis led to mass unemployment, bankruptcies and wars - as the only way to "borrow" gold from neighbors and give jobs to people.

As a result, after the torment of World War II, the world gradually abandoned the gold standard in favor of "Debt" standard.

Hedge funds, which are not regulated by any regulatory restrictions in the choice of investments, often use a lot of leverage. If all goes well, managers get a fantastic commission. If everything is bad, clients go broke, and managers open a new fund.

Option - the right to buy or sell an asset in the future. Bought and sold in the market. It costs much less than the asset itself. It makes it possible to make money on the rise or fall of an asset by initially spending a small amount. Paradise for the poor.

As many governments plan to reduce the growth of public debt in the future, the future prosperity of corporations remains in question. That's why buy stocks today with extreme caution.

Dear Readers!

As Dmitry says, books on economics come in two formats - "for institutions" and "for dummies." The former cannot be understood, the latter cannot be used. He also managed to combine the seemingly incompatible. Before you is really serious work, which in its depth is not inferior to an academic textbook. But at the same time, it is written in a very simple, accessible and interesting way.

The author examines a huge number of examples from real life, and from the life of not a billionaire, but an ordinary entrepreneur. You will come across a lot of pictures and graphs, which also greatly simplify the perception of the material.

The author does not retell the generally accepted economic theory. His book is permeated with unique ideas, which he came to through his own experience of many years of studying the topic and managing financial assets: what is a good investment, why it is necessary to buy exclusive goods, how to act correctly in conditions of rapid technological progress, in what currency is it better to store savings, etc. .d.

I am sure that every reader, after reading this book, will be able to competently and absolutely meaningfully manage their money. It will help him avoid a huge number of risks and earn maximum income.

For our Club, this publication is valuable in that it carries very useful information for a professional investor. For example, Dmitry is the first to present an algorithm for calculating world profit, which is the basis for the stock market. There are also a number of interesting ideas for governing the state. In particular, it examines in detail why the well-being of companies is highly dependent on the actions of the government and how it, in turn, can contribute to the prosperity of business.

The thoughts presented on the pages of this book will be useful both for the average Russian and for the country as a whole. Therefore, we decided with pleasure to open the Leaders' Club library with this work. We are confident that it will be able to attract the attention of everyone who wants to see their country among the most advanced and prosperous countries in the world and will become a bestseller both in Russia and abroad.

With a wish for a successful investment,

Artem Avetisyan,

Chairman of the Leaders' Club, Director of the New Business direction

Strategic Initiative Agencies

When I was born, there was no one in the house. There was an open bottle of milk in the refrigerator, and a violin was gathering dust in the cabinet. I did not become a musician, but I organized a tote at school, traded vodka and incomprehensible cosmetics at the institute, made visas for bandits, bought factories - in general, I tried in every possible way not to starve to death.

A little boy played on the stock exchange -

He bought and sold shares.

Quietly, calmly, without screams and groans

He lost nine hundred million ...

The first time I lost was in 1998. Then in 2008. But the higher powers turned out to be favorable to me, and we, as they say, were again alive for profit at the first opportunity. Nevertheless, it became clear that it makes no sense to invest anywhere with the energy of a headless fly - macroeconomics will eat everything.

Plus, I was extremely curious about how the investment world works. At school I was taught mathematics, geography, Russian. They even tried to familiarize myself with the mysteries of astronomy - but I was not at all up to it. There are many subjects - but not a word about investments. At the institute there was a complete repetition of the moment - mathematical analysis, random processes, differential equations. But again, not a word about how and where to invest.

Time passed. I have read many books. Passed all possible exams on financial analysis. I talked with all the more or less knowledgeable people. But no I haven’t found a coherent theory of investment.

All businessmen are speculators. The only thing politicians do is call for doubling the GDP. Sometimes, however, they decide to spend money - they build a BAM or turn the rivers back. The books are overloaded with stories about all sorts of lucky ones - you just see who, how and where got rich. But there is not a single word about who went bankrupt no less "first-class".

In general, over time, I built my own theory of investment.

I tested the theory in practice. That is, he made and lost money on ALL types of investments - soy and cocoa beans, orange juice and precious metals, stocks and bonds, paintings and valuable coins, futures and options, collective farms and real estate, public and insider information. Further - everywhere on the list. In addition, I managed to take part in all types of showdowns - with bandits, courts, police, OBEP, firefighters, SES, shareholders and creditors. Most of the events took place in Russia and the United States, although there were other places - Iran, Israel, Poland, England.

In 2001, I began to study in detail the issues related to inflation and investment. Over the next ten years, I have accumulated a lot of interesting material. In July 2011, my brother gave me great advice: "Write a book - for fifteen-year-old girls, so that everything is clear, interesting and in the style of Dostoevsky." The party said: we must! The Komsomol answered: yes! We will build communism in orderly brigades and we will gladden the Party with success in work. Dostoevsky, of course, did not succeed, but the book came out entertaining and useful. Moreover, both for girls-boys and for their parents. Even very rich dads should be interested in it, because good theoretical training has never bothered anyone. Serious economists will find food for thought in it, too.

I tried to give more examples and draw more pictures so that everything was clear and understandable. There will be questions about where exactly to invest money - go to the website of the Institute of Global Investments (www.igi.info) - we will discuss how to cash in on the crisis of capitalism.

Special thanks to everyone who helped in the publication of this book, in particular to my brother Sergei and Natalya Vishnyakova.

The world's wealth is constantly growing. We must manage our money wisely if we want to keep up with the world and get our fair share of the profits.

You can invest in stocks, bonds, art objects, rare coins and stamps, bank deposits, elite wines, real estate, minerals and so on. Sometimes it makes sense to buy even dead souls.

But, as in any other business connected with big money, the investor is in wait for a huge number of trials and pitfalls.

When you have been taught to play poker and you win your first hundred dollars, you consider yourself a genius. However, in the future, all new nuances are being clarified. And after a while, your balance becomes negative. Professional players, possessing unique knowledge and many years of practice, always find an opportunity to beat newcomers.

The same thing happens in the world of investments. You can't invest money "for the company" just because a neighbor resold his apartment profitably or Forrest Gump became the owner of shares in "some fruit company." Everything must be done clearly and confidently, on time and skillfully, not succumbing to provocations and not allowing yourself to be fooled.

Dmitry Hotimsky

Let's cash in on the crisis of capitalism ...

Where to invest money correctly

Leadership Club Foreword

Dear Readers!

As Dmitry says, books on economics come in two formats - "for institutions" and "for dummies." The former cannot be understood, the latter cannot be used. He also managed to combine the seemingly incompatible. Before you is really serious work, which in its depth is not inferior to an academic textbook. But at the same time, it is written in a very simple, accessible and interesting way.

The author examines a huge number of examples from real life, and from the life of not a billionaire, but an ordinary entrepreneur. You will come across a lot of pictures and graphs, which also greatly simplify the perception of the material.

The author does not retell the generally accepted economic theory. His book is permeated with unique ideas, which he came to through his own experience of many years of studying the topic and managing financial assets: what is a good investment, why it is necessary to buy exclusive goods, how to act correctly in conditions of rapid technological progress, in what currency is it better to store savings, etc. .d.

I am sure that every reader, after reading this book, will be able to competently and absolutely meaningfully manage their money. It will help him avoid a huge number of risks and earn maximum income.

For our Club, this publication is valuable in that it carries very useful information for a professional investor. For example, Dmitry is the first to present an algorithm for calculating world profit, which is the basis for the stock market. There are also a number of interesting ideas for governing the state. In particular, it examines in detail why the well-being of companies is highly dependent on the actions of the government and how it, in turn, can contribute to the prosperity of business.

The thoughts presented on the pages of this book will be useful both for the average Russian and for the country as a whole. Therefore, we decided with pleasure to open the Leaders' Club library with this work. We are confident that it will be able to attract the attention of everyone who wants to see their country among the most advanced and prosperous countries in the world and will become a bestseller both in Russia and abroad.

With a wish for a successful investment,

Artem Avetisyan,

Chairman of the Leaders' Club, Director of the New Business direction

Strategic Initiative Agencies

When I was born, there was no one in the house. There was an open bottle of milk in the refrigerator, and a violin was gathering dust in the cabinet. I did not become a musician, but I organized a tote at school, traded vodka and incomprehensible cosmetics at the institute, made visas for bandits, bought factories - in general, I tried in every possible way not to starve to death.

A little boy played on the stock exchange -
He bought and sold shares.
Quietly, calmly, without screams and groans
He lost nine hundred million ...

The first time I lost was in 1998. Then in 2008. But the higher powers turned out to be favorable to me, and we, as they say, were again alive for profit at the first opportunity. Nevertheless, it became clear that it makes no sense to invest anywhere with the energy of a headless fly - macroeconomics will eat everything.

Plus, I was extremely curious about how the investment world works. At school I was taught mathematics, geography, Russian. They even tried to familiarize myself with the mysteries of astronomy - but I was not at all up to it. There are many subjects - but not a word about investments. At the institute there was a complete repetition of the moment - mathematical analysis, random processes, differential equations. But again, not a word about how and where to invest.

Time passed. I have read many books. Passed all possible exams on financial analysis. I talked with all the more or less knowledgeable people. But no I haven’t found a coherent theory of investment.

All businessmen are speculators. The only thing politicians do is call for doubling the GDP. Sometimes, however, they decide to spend money - they build a BAM or turn the rivers back. The books are overloaded with stories about all sorts of lucky ones - you just see who, how and where got rich. But there is not a single word about who went bankrupt no less "first-class".

In general, over time, I built my own theory of investment.

I tested the theory in practice. That is, he made and lost money on ALL types of investments - soy and cocoa beans, orange juice and precious metals, stocks and bonds, paintings and valuable coins, futures and options, collective farms and real estate, public and insider information. Further - everywhere on the list. In addition, I managed to take part in all types of showdowns - with bandits, courts, police, OBEP, firefighters, SES, shareholders and creditors. Most of the events took place in Russia and the United States, although there were other places - Iran, Israel, Poland, England.

In 2001, I began to study in detail the issues related to inflation and investment. Over the next ten years, I have accumulated a lot of interesting material. In July 2011, my brother gave me great advice: "Write a book - for fifteen-year-old girls, so that everything is clear, interesting and in the style of Dostoevsky." The party said: we must! The Komsomol answered: yes! We will build communism in orderly brigades and we will gladden the Party with success in work. Dostoevsky, of course, did not succeed, but the book came out entertaining and useful. Moreover, both for girls-boys and for their parents. Even very rich dads should be interested in it, because good theoretical training has never bothered anyone. Serious economists will find food for thought in it, too.

I tried to give more examples and draw more pictures so that everything was clear and understandable. There will be questions about where exactly to invest money - go to the website of the Institute of Global Investments (www.igi.info) - we will discuss how to cash in on the crisis of capitalism.

Special thanks to everyone who helped in the publication of this book, in particular to my brother Sergei and Natalya Vishnyakova.

introduction

The world's wealth is constantly growing. We must manage our money wisely if we want to keep up with the world and get our fair share of the profits.

You can invest in stocks, bonds, art objects, rare coins and stamps, bank deposits, elite wines, real estate, minerals and so on. Sometimes it makes sense to buy even dead souls.

But, as in any other business connected with big money, the investor is in wait for a huge number of trials and pitfalls.

When you have been taught to play poker and you win your first hundred dollars, you consider yourself a genius. However, in the future, all new nuances are being clarified. And after a while, your balance becomes negative. Professional players, possessing unique knowledge and many years of practice, always find an opportunity to beat newcomers.

The same thing happens in the world of investments. You can't invest money "for the company" just because a neighbor resold his apartment profitably or Forrest Gump became the owner of shares in "some fruit company." Everything must be done clearly and confidently, on time and skillfully, not succumbing to provocations and not allowing yourself to be fooled.

What should be done specifically? Where to take the money?

You will find out soon enough.

In the meantime, you can relax a little, sunbathe and listen to an entertaining story about the theory of the question (where can we go without it?), Sipping a fragrant cocktail through a straw with pleasure.

The active consumption of luxury goods and services, the unrestrained spending of money left and right - this is the key to the success of a capitalist society.

For example, in the Piano Bar of the famous London Sheraton hotel, you can try the Louis XIII Diamond Cocktail for $ 4,500. It is a mixture of the most expensive cognacs.

The humble charm of the bourgeoisie ...

In addition to the defiantly expensive ingredients, a small diamond for your girlfriend will certainly be added to the cocktail.

Key ideas

Investment appraisal

The little son came to his father and asked the little one:

- What is good and what is bad?

We, too, always and in everything must know this in advance.

Let's cash in on the crisis of capitalism ... or Where to invest money correctly Khotimsky Dmitry

A crisis