Summary: The Sages E-Book

BusinessNews Publishing

• Herausgeber: Political Book Summaries
• Kategorie: Religion und Spiritualität
• Sprache: Englisch

Seitenzahl: 15

Veröffentlichungsjahr: 2017

Beschreibung

The must-read summary of Charles R. Morris's book: “The Sages: Warren Buffett, George Soros, Paul Volcker, and the Maelstrom of Markets”.

This complete summary of "The Sages" by Charles R. Morris, a prominent writer on law, economics and finance, presents his analysis of the track record of the three "Sages" and how they successfully predicted the financial crisis. The author argues for the importance of consistent values when navigating today's globalized, dangerous world, and distills wisdom from these three key advisers to President Obama.

Added-value of this summary:
• Save time
• Understand the wisdom that guides three of America's most successful businessmen
• Expand your knowledge of American politics and economics

To learn more, read "The Sages" and discover how three men predicted the financial crisis and went on to become trusted White House advisers, and the lessons we can learn from them.

Leseprobe

Book Presentation: The Sages by Charles R. Morris

Book Abstract

Throughout the violent financial disruptions of the past several years, three men have stood out as beacons of judgment and wisdom: Warren Buffett, George Soros, and Paul Volcker. All three men have more than 50 years of deep involvement in markets and they believe that markets tend to be right, but usually only over the medium term. They have seen too many cycles of herd-driven, emotion-riding booms and busts to make their views hostage to the sweeping and simplistic assumptions of “efficient-markets” models.

With the benefit of his own deep understanding of markets and finance, Morris analyzes the records of these three men and argues for the importance of consistent values in navigating the treacherous terrain of today’s globalized world.

About the Author

Charles R. Morris is the author of 10 books, including The Trillion Dollar Meltdown, a New York Times bestseller, The Cost of Good Intentions, which was one of the New York Times’ Best Books of 1980, and The Tycoons, a Barron’s Best Book of 2005. Morris is a lawyer and a former banker. He has written extensively on financial matters for The New York Times, The Wall Street Journal, and The Atlantic Monthly.

Summary of The Sages (Charles R. Morris)

Introduction

The United States and the rest of the world are facing the steepest economic downturn since the Great Depression. By and large, most economists failed to anticipate the near meltdown of the financial system. However, three economic sages – Warren Buffett, George Soros, and Paul Volcker – saw the financial storm clouds gathering and sounded the alarm. Their prescient warnings were all but ignored.