Investor perspectives on pre-crisis Asia
Claire Barnes book "Asia's Investment Prophets" from 1995
Claire Barnes's book Asia's Investment Prophets is a historical document.
It was written in 1994 and published in 1995, just before the Asian Financial Crisis. Since it’s now out of print, it’s difficult to find and costs US$189 on Amazon. So to spare you from buying the book, I thought I should give you a summary of the key insights I absorbed from the book.
The book is an Asia 1990s version of The Market Wizards. It features 16 interviews with famous fund managers at the time, as well as a profile of an insurance company operating in Hong Kong at the time (I left this part out of my review below as I thought it didn’t add much value).
What makes the book special in my view is not just the historical perspective, but also the fact that it was written right before the Asian Financial Crisis in 1997. Some cautious investors saw the crisis coming and hedged themselves appropriately. Others bought into the hype.
I also tried to track down every investor featured in the book by Bloomberg, …