Against the Herd (Hardcover)

Introduction 1

Chapter 1 The Corleones Meet Confucius 7

The Chinese Mirage of Miracle Expansion

Chapter 2 Dolls Are Meant for Children 33

Japan Stares into the Abyss of a Death Spiral

Chapter 3 Can’t Touch This 57

Resist the Allure of Gold

Chapter 4 House of Pain 81

Housing Does Not Recover Anytime Soon

Chapter 5 You Can’t Handle the Truth, or the Volatility 123

Don’t Own Stocks (or at Least Not So Many)

Chapter 6 Still the One 151

Get Long-Term Bullish on America

Conclusion 175

Notes 177

Acknowledgments 185

About the Author 187

Index 189