Max Monday: Everything You Need to Know About Recent Market Volatility

You are receiving this as part of your free subscription to Tim Melvin's Max Wealth. To remove your email from this list, [unsubscribe here](. [Tim Melvin's Max Wealth] [It's Official: You Can Take Alpha-9 for a 90-Day Test Drive]( In only the first 3 months of this year, anyone following along with Tom Gentile's breakthrough trading system, Alpha-9, could've been sitting on over $210,000. That's incredible, life-changing money. And don't worry, there's still plenty of profit potential that YOU can take part in. Tom is giving you the chance to take a 90-day test drive of Alpha-9 - no strings attached - for a chance to start racking up fast extra cash, Monday through Friday. [Go here and you can get behind the wheel](... --------------------------------------------------------------- August 26, 2019 Max Monday: Everything You Need to Know About Recent Market Volatility By Tim Melvin Dear Reader, Happy Monday! I've been in this business for over 30 years, and along the way I've seen first-hand that all the hair-pulling and grieving over the markets just aren't worth all the millions if we don't remember what matters. That's why I want to share these great books and quick-dive articles that should be in every investor's library. I hope all of you take the time to read through the collected wisdom here and let it help you in the markets and at home. Let's dig in and add some stock to your knowledge portfolio... This Week's Worthwhile Books [The Dao of Capital: Austrian Investing in a Distorted World]( - by Mark Spitznagel [204,203,200_.jpg]Spitznagel has worked with Nassim Taleb for years and has learned a lot from the mathematician/philosopher/hedge fund manager. He takes the ideas of Austrian economics and applies them to the stock market and stock selection. He quotes Sunzi and Clausewitz as readily and easily as he does Von Mises and Hayek, and throws in some old CBOT bond trader advice for good measure. It's a strong read with excellent ideas, including a few that I added to my own investing framework back when the book first was published. You can find a copy [here](. [Freakonomics [Revised and Expanded]: A Rogue Economist Explores the Hidden Side of Everything]( - by Steven D. Levitt and Stephen J. Dubner [204,203,200_.jpg]This book gets talked about a lot, but if you've never read it, then you really should. Economist Steven D. Levitt and journalist Stephen J. Dubner really make a strong case for looking at the world through the lens of economics. It's an in-depth explanation of how to figure out the incentives of the key players in different scenarios to make the best decisions. It helps that it's not all just math and percentages. The book has a lot of fascinating studies and enjoyable stories, so it is much [easier to read than your usual book on economics](. Your Quick-Dive Articles [Joe Zidle: Better than Goldilocks]( Joe Zidle, Chief Investment Strategist at Blackstone Group Inc. ([NYSE:BX](), shares his thoughts on the current market situation. He correctly identifies the fact that stock and bond prices are up this year in spite of lower corporate profits, rising geopolitical risk, and trade wars still being very much in play. Stocks, in particular, are priced for perfection in an imperfect world. Why do we care? Well, Blackstone is the largest alternative asset manager in the world with $521 billion in assets. They are also one of the largest owners of real estate in the world with $151 billion invested in that market. They have a long track record of being right and being paid handsomely for doing so. They see more of the economy in action than just about anyone else. So, when smart people with access to information speak, [it just makes sense to listen](. [Hot Spots]( We move now from the largest alternative asset managers to the oldest. Henry McVey, the head of macro strategy at KKR & Co. ([NYSE:KKR]() recently traveled to China and Britain, shares his insights here. I've been reading Mr. McVey for some time now and he's been right on global macro matters far more often than he's been wrong. Like Blackstone, KKR owns companies and real estate all over the world and see the economy play out in real-time at the street level. Again, when smart people talk it makes sense to listen. Read more [here](. [The risks grow that the passive and algorithmic transformation of equity markets could lead to a crisis.]( There isn't much that keeps me awake at night. I approach almost everything in life with a "What can go wrong?" attitude, so I'm generally well aware of the risk I'm taking and am more than prepared to deal with those risks. There's also the fact that 98.9% of the stuff we worry about never comes true, or is easily fixable. However, if I was given to worrying, this would be something to pace the floors over. According to JP Morgan, passive strategies now control 60% of U.S. equity assets while quant funds control 20%. 80% of the money in the markets is managed by black boxes of one type or another. We've never seen how all this plays out when markets go south, but I wouldn't bet it on it all working out very well. The machines will say sell and keep saying it much like-or maybe even worse-than they did when portfolio insurance schemes blew up during the Crash of 1987. As scary as it is this also opens up a real opportunity. The quants and indexers are not crawling around the small illiquid corners of the stock market, and that means [those of us that do have a bigger advantage than ever](. [What If I Said No? (And Other Questions to Consider Daily)]( A collection of questions to help you negotiate the day to day world more successfully. This includes the title question which is one many people never ask themselves. The ability to say "no" is powerful. It can unclutter your life and free up more time for things you care about. All of the questions can easily be adapted for your day-to-day investing activities-although by now I'd hope you know that there shouldn't be day-to-day investing activities unless you work around the markets as your career. [Click here to learn more](. To the Max, [ Tim Melvin Here's what else I'm following... --------------------------------------------------------------- [You Can Make a Fortune from This Energy Trend - without Waiting for It to Go Global]( It's only a matter of time before this fuel could stand as [the number-one source of energy on the planet](. This sector could see an 80,000% revenue surge in the coming years... but with a couple strategic moves today, you could see your wealth grow 3, 5, even 10 times over - even before it gets going full steam. [Take a look](... --------------------------------------------------------------- You are receiving this e-mail at, {EMAIL}, as a part of your free subscription to Tim Melvin's Max Wealth. Remove your email from this list: [Unsubscribe]( [Manage Your Email Preferences]( To cancel by mail or for any other subscription issues, write us at: Tim Melvin's Max Wealth | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 North America: 888.384.8339; International: 443.353.4519; Fax: 410.622.3050 [Contact Customer Service]( Website: [( © 2019 Tim Melvin's Max Wealth All Rights Reserved. Nothing in this email should be considered personalized financial advice. 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