Cocktail Economics: Discovering Investment Truths from Everyday Conversations

This is the eBook version of the printed book.

“Successful investors are those who can pick the right investments for different economic conditions. It’s like matching wine with food. In this book, Victor Canto is both your star chef and sommelier. Don’t be afraid to put Cocktail Economics to work today. You’ll find that two-star investing has become a four-star endeavor.”

–Charlie Parker, financial maven and former Chief Financial Officer of Continental Insurance

 

“Victor Canto’s insight and uber-rational approach will forever change the way you look at risk and return.  Perhaps equally important, he’ll make you a better economic and political thinker.  No one has a greater understanding of how marginal changes in world economics and politics impact portfolio holdings.”

–Neil Rose, CFA, CIO Cadinha & Co.

 

“I count Victor Canto among today’s best and smartest investment advisors. He has made money in both the good times and bad for many a satisfied client. With this book, he has now done all investors, including myself, an important service: He has written a widely accessible book about the marriage of economics and investing, and the crucial ties that bind the two. It’s the story of how big ideas make the investment world go round.”

–From the Foreword by Dr. John Rutledge, Chairman, Rutledge Capital, LLC

 

What can moonshine, mountain climbers, power plants, salmon, football players, and well-known celebrities teach you about investing? More than you ever imagined!

    Through entertaining, easy-to-understand anecdotes, analogies, and examples, Canto reveals why the most successful investment strategies reflect a balance of active and passive approaches. You’ll learn how to “read” economic cycles, identifying the specific asset classes most likely to outperform in tomorrow’s business environment.

    Construct and optimize your winning investment plan, step-by-step, from start to finish!

 

MAKE HAY WHILE THE SUN SHINES

The case for predicting, forecasting, and timing

PASSIVE INVESTING? ACTIVE INVESTING? NO. BOTH.

Why you need to take both sides in the never-ending debate

ELASTICITY: CATCH IT IF YOU CAN

Putting industry behavior to work for you

CALIFORNIA, FRANCE, AND THE “LOCATION EFFECT”

Investing internationally in the age of globalization

TURN “SMOKE” INTO “SIGNALS”

Making the most of publicly available price data

YOUR PORTFOLIO VS. THE GOVERNMENT

Anticipating and responding to regulations and taxation

TILT TOWARD SUCCESS, ONE STEP AT A TIME