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The Sale of a Lifetime: How the Great Bubble Burst of 2017-2019 Can Make You Rich
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Audible Audiobook
Listening Length: 7 hours and 9 minutes
Program Type: Audiobook
Version: Unabridged
Publisher: Gildan Media, LLC
Audible.com Release Date: January 3, 2017
Whispersync for Voice: Ready
Language: English, English
ASIN: B01MT3VQVY
Amazon Best Sellers Rank:
I have read most of Dent's books and enjoyed them. This is his weakest by far. I had high hopes, but was left vey disappointed.Dent made his name on demographics and his spending cycle, which are good tools for directionality but fail to match actual events. He tried to cover this by adding more cycles which stretches reality too far. I have a real problem with his supposed geopolitical cycle and his argument in the book is very poorly done. He has multiple pages of current negative events, but blows off the period of 1983 to 2000 by saying nothing bad happened; ignoring Beirut, Chernobyl, Columbine, Iraq invasion, Tinammen Square, etc. His innovation cycle is supported by some slight of hand that just shows the weakness of the basic argument. All he seems to have left is the sun spot cycle, with such a large time variation to negate its value and no real reason for it to have any effect. His long term cycles are even less credible.A recession is likely coming, but this book doesn't really present anything new for discussion. I expected so much more.
Just about finished with this book and really enjoyed it. Had read the one before this too. I then, out of curiosity, Googled "Harry Dent". You would not believe the number of articles on how many of his predictions have gone completely bust.I like his writing style and his level of confidence. I also like all the data he provides. I would take this book as "one more bit of data for your knowledge base" and not as the Bible as to where to put your money.
I felt like such a fool - I read this, believed it, and made the mistake of repeating some of the things from this book to some people who actually know things about finance and investing. When they found out where I got the ideas from, seriously, they almost wet their pants laughing at me. "Hoo hoooo - Carol bought a Harry Dent book! Hahahahaha!" Then I found out that he has written the same predictions with different dates for years. Years and years, in book after book. Nothing has ever come true the way Harry thought it would, but he is still selling books like crazy, to suckers like me. And like you, if you buy this book.
Harry creates a fear factor and then attempts to sell you his services to save the day. Old scare tactic that has been around for years. He already missed his prediction that the stock market bubble would bust the end of 2017. He does not know what triggers the bust and that is critical to forecasting markets. Book contains lots of historical graphs, but again hindsight is always a 100%. In general it is a good history of previous market busts, but I would not count on him to forecast future busts in a timely maner.
The Market cycles up & down eventually, simply wait and it will happen. This down trend was originally suppose to happen last year so this book HAD to be updated. The last chapter is only available online and it's a sales pitch for Dent's various newsletters. He has some interesting ideas. Do your own due diligence and you will grow your portfolio much better.
More of the same recycled predictions, of which I have yet to see any from prior books come to fruition anywhere near the timing stated.
Fascinating read but harry Dent spent 300+ pages defending his prediction and about 5 pages an action plan if he's correct. I'm glad it wasn't released to public until Jan. 2017 because for those who might have taken his advice in late 2016 would have missed out on the Q4 run up in the market after the election. I have read at least 2 of his earlier books and while I do believe there will be a correction in the market coming, it proves that no one, not even Harry Dent, can predict the future with certainty. Still an entertaining read though.
It’s fun to read self proclaimed experts when the book is around 2 years old. I hope nobody acted based on his recommendations. “ in 2017 the Dow will be down to 4,500†if you believed this and went to a cash position, you couldn’t ride the wave to 26,000 in 2017. It’s just a goood lesson about how you can’t believe these prognosticators.
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