David Kauders FRSA was educated at Latymer Upper School, Jesus College Cambridge and Cranfield School of Management. He is an investment manager and also contributes occasional articles to the UK finanial press.

• Introduction 1 The long-term equity top 2 Why are there recurrent financial crises? 3 The global economy, finance, business and politics 4 Bull and bear markets 5 Lessons from Japan 6 Financial strategy turns upside down 7 Avoiding mistakes 8 A capital preservation strategy

David Kauders FRSA was educated at Latymer Upper School, Jesus College Cambridge and Cranfield School of Management. He is an investment manager and also contributes occasional articles to the UK finanial press.

• Introduction 1 The long-term equity top 2 Why are there recurrent financial crises? 3 The global economy, finance, business and politics 4 Bull and bear markets 5 Lessons from Japan 6 Financial strategy turns upside down 7 Avoiding mistakes 8 A capital preservation strategy