The investment markets have never been more dangerous. Interest rates are at all-time lows; the sanctity of cash deposits is under threat; government bonds are expensive and offer ultra-low or negative yields; equity markets are largely detached from reality after years of loose monetary policy. Investors need to calibrate themselves to the realities of this extraordinary new environment so that they can protect their wealth and, ideally, prosper.
In Investing Through the Looking Glass, longstanding portfolio manager and investment columnist Tim Price identifies and shatters a number of investment myths and misconceptions. He questions whether stock markets inevitably rise over the longer term, whether bonds continue to be relevant as a failsafe low-risk asset, whether professional fund managers represent "smart money", and much more besides.
But this is not just a counsel of despair. Having identified the problems besetting today's investor, the focus then moves on to practical guidance to help investors preserve and grow their capital in this age of inflationary and deflationary uncertainty. Tim Price provides ideas on how to find attractive investments in distorted equity markets, on what might be the best-kept secret in finance, and how best to insure portfolios in an environment of heightened systemic risk.
Investing Through the Looking Glass presents a route map for navigating one of the most challenging financial environments that anyone has ever seen. For the sake of your wealth, can you afford not to read it?
About the Author
Tim Price has worked in the capital markets for 25 years. A graduate of Christ Church, Oxford, he spent a decade as a bond specialist before going on to serve as Chief Investment Officer at three separate wealth management firms.
Tim has been shortlisted for five successive years in the UK Private Asset Managers Awards programme and was a winner in 2005 in the category of Defensive Investing. He is now manager of the VT Price Value Portfolio, a fund investing in Benjamin Graham-style value stocks, and specialist value funds, from around the world. Tim also writes regularly for MoneyWeek magazine and The Spectator.
Industry Reviews
“Almost everything you think you know about finance, investing and money is wrong. In this wise, easy-to-read, and very independently-minded book, Tim Price explains why. You might not agree with everything Tim says. But Through the Looking Glass will certainly make you think - and might make you a lot of money too.” - Merryn Somerset Webb, Editor in chief, MoneyWeek
“Certifiable lunatics run the world's central banks. And it takes a sane person to tell that truth. Tim Price is very sane.” - Michael Covel, bestselling author of Trend Following and TurtleTrader
“Provocative, enlightening and very well-written.” - Guy Fraser-Sampson, author of The Mess We're In
“One doesn’t have to agree with Price to appreciate this book. He makes his case in razor-sharp prose.” - Brenda Jubin, Investing.com
“‘This book forms an essential part of the education for any private investor’” - Russell Napier, co-founder of ERIC, author of Anatomy of the Bear
