Independent Voice


As a renowned independent brokerage in Asia, CLSA provides clients with unfiltered primary research, which is essential to making better-informed investment decisions. CLSA Books is a series of primarily financial publications written by independent experts commissioned by CLSA Asia-Pacific Markets.

Anatomy of a Bear

Anatomy of a Bear: Lessons from Wall Street's Four Great Bottoms

by Russell Napier
Financial market history is a guide to understanding the future. Looking at the four occasions when US equities were particularly cheap - 1921, 1932, 1949 and 1982, Russell Napier sets to answer these questions by analysing every article in the Wall Street Journal of either side of the market bottom. By looking at how markets really did work in these bear-market bottoms, rather than theorising how they should work, Napier offers investors a financial field guide to making the best financial provisions for the future.

The Corruption of Capitalism

The Corruption of Capitalism: A strategy to rebalance the global economy and restore sustainable growth

by Richard Duncan
Richard Duncan provides a clear and comprehensive explanation of how the financial crisis came about. He also offers a strategy to permanently resolve it. Specifically, Duncan first describes the present state of the global economy and the government life-support keeping it afloat. Second, he details the long series of US policy mistakes responsible for this disaster. And third, he outlines the actions required to restructure the US economy and restore global economic growth.