The same James Grant that predicted the junk bond meltdown, the same James Grant that predicted the dot-com bust, the same James Grant that predicted the housing crash, the same James Grant that predicted the meltdown in Chinese resi...if you have experience in markets, you will learn two things: everyone makes wrong predictions, and you can be wrong now/right later.
Also, you appear (for some reason, have you ever read Grant's?) not to mention any of the numerous calls on individual stocks they have got right. The macro is only part of what they do.
When you are read by pretty much every hedge fund manager in the world, when they will pay $2.5k to come to your conference, and $1.3k/year for a subscription...you are doing something right (also, as someone who studied economic history, his book are first-rate...compare his books to Philip Coggan, a columnist at the Economist who has written books on economic history, it is night and day...Grant's books are academic tier quality, people who work in finance today still read books he wrote three decades ago).
> The same James Grant that predicted the junk bond meltdown, the same James Grant that predicted the dot-com bust, the same James Grant that predicted the housing crash, the same James Grant that predicted the meltdown in Chinese resi..
He's a permabear. When you predict (for possibly years) that things will go down, and then they finally do...
> The macro is only part of what they do.
Macro/monetary is the focus of this discussion.
> When you are read by pretty much every hedge fund manager in the world, when they will pay $2.5k to come to your conference, and $1.3k/year for a subscription...you are doing something right
Robert Kiyosaki (of Rich Dad, Poor Dad) also charges quite a lot and is financially successful. Is he doing something right? :)
He isn't. And the standard of proof in finance for claims is slightly higher than that...he isn't predicting "things will go down", he is making specific predictions that occurred (again, you seem to have these very specific views about someone whose work you have never read...interesting).
No, it isn't. Bank stocks aren't macro. There are macro consequences but Grant's wrote extensively about individual stocks pre-08.
How many hedge fund managers are paying Kiyosaki for resarch? :)
Also, you appear (for some reason, have you ever read Grant's?) not to mention any of the numerous calls on individual stocks they have got right. The macro is only part of what they do.
When you are read by pretty much every hedge fund manager in the world, when they will pay $2.5k to come to your conference, and $1.3k/year for a subscription...you are doing something right (also, as someone who studied economic history, his book are first-rate...compare his books to Philip Coggan, a columnist at the Economist who has written books on economic history, it is night and day...Grant's books are academic tier quality, people who work in finance today still read books he wrote three decades ago).