In The Bear Book, John Rothchild writes about the workings of a bear market. He gives a history of bear markets, what they are and how they affect us. He gives an interesting account of the crash of 1929. Rothchild writes about how to protect investments in a down market and gives examples of good sources for tracking the market. He also discusses the wisdom of trying to "bear proof" a portfolio with such things as cash or gold. Of particular interest is the section on the ups and downs of owning mutual funds in a bear market. John Rothchild is the author or coauthor of several financial books including A Fool and His Money and Beating the Street. He is a financial columnist for "Time Magazine" and "Fortune Magazine." He has also appeared on business newscasts such as the "Nightly Business Report."
For the last half of 1998, this is a very timely book. Since there are not a lot of books written about the workings of a bear market, this reviewer found The Bear Book to be very helpful.
Reviewed by sc, 10/98. Other reviews by sc.