My reputation over the past few years — fairly or unfairly — has been that of a Bear.
However, even I want to tell Barton Biggs to settle the f#$% down. Dude, spark up a fatty, and chill out. You are scaring the natives.
What’s this about?
Biggs recently published another book, and it sounds a bit like the typical paranoic survivalist tomes:
"Barton Biggs has some offbeat advice for the rich: Insure yourself against war and disaster by buying a remote farm or ranch and stocking it with "seed, fertilizer, canned food, wine, medicine, clothes, etc.”
The "etc.” must mean guns.
"A few rounds over the approaching brigands’ heads would probably be a compelling persuader that there are easier farms to pillage,” he writes in his new book, "Wealth, War and Wisdom.”
We hardly get to cite Biggs here at the TBP — an alliterative mention in 2004 (Barton Biggs Better Begin Browsing Blogs . . .), when he disasterously shorted Crude Oil in the high $40s (good times), and a mention of his last book is most of our Biggs coverage.
As to Hedgehogging, I must admit to being I was underwhelmed by it. It was marginally interesting in a gossipy kinda way, but I lost interest about half way through.
I haven’t seen this book yet, but I admit I am fascinated by the subject. I am not a big believer in either the efficient market hypothesis nor the Wisdom of Crowds — future discounting mechanism yes, but wisdom? Hardly — but I do find the subjects intriguing and worthy of further discussion.
War, markets, contrary indicators — "Buy at the sound of cannons, sell at the sound of trumpets" kinda thing is right up my alley. I may have to check this one out . . .
Biggs’s Tips for Rich: Expect War, Study Blitz, Mind Markets
Bloomberg, Jan. 30 2008