According to Prissert, data shows that the decade ending in 2008 was the worst in 150 years. Prissert claims that the 20% drop in household net worth and financial unrest that have unfolded can be explained by tracing events as far back as 1995.
Prissert divides recent history into two phases, the “internet bubble” and the “real estate and financial bubble”. Anatomy of the Meltdown 1998-2008 maintains that these bubbles created a level of financial leverage never seen before. Prissert intends to address the long-term causes of this crisis, rather than focus on the short-term consequences.
While hopeful, Prissert believes it is almost impossible to effectively predict what the financial future will bring. The best way to prepare for stability, however, is to learn from times of chaos. Anatomy of the Meltdown 1998-2008 aims to educate its readers in order to help prevent further strife.
Bill Stewart, Chairman of W.P. Stewart & Co. and one of the finest money managers of the past forty years according to Prissert, had this to say about Anatomy of the Meltdown 1998-2008.
“ Franck’s work puts the past decade into bold relief, reminding us of how the worst market in most of our lifetimes came to be. His points are well made and nicely documented. This should help all of us to better understand the present investment climate - a necessary precursor to forecasting the next step. This is a nice read providing valuable investment perspective.”
Anatomy of the Meltdown 1998-2008: The Worst Decade in Stock Investing, or Was It? is available for sale online at Amazon.com, BookSurge.com, and through additional retail chains worldwide.
About the Author
Franck Prissert has 30 years of experience as an institutional investment advisor, writing thousands of market comments in the process. A Columbia Business School graduate, Prissert started his Wall Street career with Brown Brothers Harriman & Co., went on to work with Montgomery Securities, and then founded his own company Capital Max, in 1998. He lives in Palm Beach Gardens with his wife and their four sons.
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