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How to Listen When Markets Speak

Risks, Myths and Investment Opportunities in a Radically Reshaped Economy

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How to Listen When Markets Speak

By: Lawrence McDonald, James Robinson
Narrated by: James Robinson
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Summary

Brought to you by Penguin.

A New York Times bestselling author and leading expert on market risk outlines new rules of investing for the forward-thinking.

From Wall Street to Downing Street, the fantasy of an eventual 'return to normal' is still alive and well, nurtured by dangerously outdated theories. But the economic world as we know it - and the rules that govern it - are over. And few are prepared.

Lawrence McDonald got a real-world education in market risk when, as a Lehman Brothers VP, he watched the firm ignore flashing warning signs before its collapse. Now, he unveils the predictive model he developed in the aftermath, outlining actionable trading ideas for a radically reshaped economy. Readers will discover:

  • Why inflation will stay near 3-5% for the next decade
  • Why oil prices will remain at historic highs for the foreseeable future
  • Why hard assets and rare minerals like lithium and cobalt will outperform growth stocks and passive investment strategies
  • Why America will likely lose its position as a global superpower and holder of the world's premier reserve currency

Rather than merely doomsaying, How to Listen When Markets Speak equips readers to make sense of our current moment, resist reactionary narratives and baseless analysis, and pounce on a new investing playbook.

©2024 James Robinson & Lawrence McDonald (P)2024 Penguin Audio

 Analysis & Strategy Corporate & Public Finance Economics Investing & Trading Investing Wall Street Banking Stock Taxation Capitalism

Critic Reviews

As soon as I finished How to Listen When Markets Speak, I took a long, hard look at my portfolio. Any investor with skin in the game needs to buy this book.
How to Listen When Markets Speak makes gutsy predictions about seismic shifts in the global economy, advises readers on how to prepare for those shifts, and anticipates trends in almost every asset class while sharing important signals that can give investors an edge in the volatile years to come.
McDonald's provocative, passionate and sometimes prophetic insights are always worth pondering, even (or especially) when you disagree. His latest book offers strong riposte to the tech hype, bull-market euphoria, and wishful thinking about a soft landing. It is a thought-provoking work at a time when the global zeitgeist is changing in profound ways.
I can't tell you how much I learned from How to Listen When Markets Speak. The historical perspectives and insights are something every investor needs to know. Buy this book.
Larry McDonald's deep knowledge, experience, and insights have been invaluable in shaping my investment strategies, and How to Listen When Markets Speak is no different. It will sit on the edge of my desk, ready to refer back to frequently. I highly recommended it to anyone keen to protect their wealth in tumultuous times.
How to Listen When Markets Speak is a consistently compelling contribution to today's debate on the future of financial markets and a challenge to assumptions that have outlived their value.
All stars
Most relevant
fantastic real work knowledge shared from giants in the Indusrty. A thorough presentation of where the world is in its current financial state and where we are likely heading.

Highly applicable real word advice

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this guy wasn't so keen on Obama and didn't seem to blame much on Trump. The government debt is a problem caused by both sides of government. I am cautious about the future of US government bonds. I prefer Bitcoin to gold. but who knows when the party is going to stop. s&p is up 28% over the last 12 months. but wealth inequality is widening

pro republican

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Brilliant, but might not age well. Some themes have already moved on a little, only a few months later.

A goldmine of insights from 2023.

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The book explains some observations of the modern day financial market very well, in an interesting way that captures readers’ attention almost from cover to cover.

The author blended investment philosophy with practical guidance, explaining his perspective and logic courageously directly, and made it all interesting through his storytelling technique.

The book was obviously written when Biden was the US president. Government policies change over time, and asset valuations change by the second, but the fundamental analyses and the practical illustrations of how to turn an observation in a macro level trend into an actionable investment will stand the test of time more than the specific stock tickers that the book literally mentioned.

Great book for value investors

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