Universidad Tecnológica de El Salvador
My Electrician Drives a Porsche?
Book

My Electrician Drives a Porsche?

Investing in the Rise of the New Spending Class

Gianni Kovacevic
Greenleaf Book Group, 2016
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Editorial Rating

6

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Recommendation

Investor and speaker Gianni Kovacevic explains contrarian investing, why he believes it works and how to do it. He presents a convincing argument to support his belief in the value of a growing global consumer class and he covers the commodities it will demand to support middle-class lifestyles. Unfortunately, he frames his advice within an implausible fable that involves “Sparky,” the whiz-kid electrician/investor, and “Doc,” his unlikely, 50-something protégé. Kovacevic’s decision to frame his book’s thesis within the story of a Gen X electrician – much less one who seems to have a Nobel economist’s knowledge of macroeconomics – turns out to be an ineffective narrative strategy. You may experience some frustration sorting through this poorly told story to find nuggets of potentially sound investing guidance. While never giving or endorsing investment advice, getAbstract suggests Kovacevic’s tale as an avenue to insights on contrarian investing.

Summary

Blue Chips

“Doc” Anderson, a middle-aged family physician with a practice in Seattle, worked hard his whole life to create a robust investment portfolio for his retirement. He paid attention to his stocks, and he held safe blue chips long term. He also invested in dependable low-risk bonds. Now a new project was occupying much of his time. Recently divorced, Anderson had bought and moved into an old 2,500-square-foot house. The vintage structure needed substantial repairs and improvements. He planned to do the renovations himself. The doctor was a competent money manager and an astute investor, but he wasn’t good at manual labor. His do-it-yourself ineptitude ended up radically transforming his long-held investment strategies – because he had a long talk with his electrician.

“Sparky”

Anderson’s last appointment at his medical office one day during his renovations was with Johnny (“Sparky”) Rossi, an electrician in his mid-30s. Rossi knew the physician because he’d done some contracting work for Anderson years ago. Rossi came into the doctor’s office to ask Anderson to look at his hip, which he’d injured a couple of months earlier hiking in the Swiss Alps. ...

About the Author

Gianni Kovacevic is an investor, author and public speaker.

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