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am 27. November 2008
The "2nd" edition is the same as the first. It differs only by an added "Prologue" (4 pages from July 2007), that`s why I sent it back. If you already read the first edition, you can pass this one. The book remains essential, though boring reading.

In July 2007 Napier underlined this prognosis, that overvalued US equities would fall - one year later we all know this. You should not miss his other observations/forecastings...
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am 1. April 2014
Very helpful to see the narrative of a bear market not being told with hindsight only, but - in the way of historical newspaper articles - more or less in real time as it unfolds. Though of course the question as with every summary is what was left out and how much was subject to a confirmation bias when sorting through the historical records.
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