Anyone you trust and recommend, or who has been consistently right? Any bloggers?
I've always liked Bill Gross at Pimco, a straight shooter spot-on about the dollar and trade deficit issues.
I think Rich Dad's Kiyosaki is a bit of a huckster, but actually does make some very good points in his books, especially about the meltdown in the pension system, and to take responsibility for your own well being, vs. a company.
Yale's Robert Shiller is a personal hero of mine, and the king of bubble calls. The CEPR and the Economist got it right with the bubble. Bob Brinker is usually sound, and love a good MOABO call.
Mark Zandi of Moody's and Economy.com makes a good case most times.
Fleckenstein's Contrarian Chronicles is a great read, and he too was on top of the bubble story early on.
And David Lereah of the NAR is an absolute financial genius, to be trusted above all others. OK, I made that last one up.
Oh, and the worst?
Jim Cramer of course... which makes sense since he's now the one with the most public support...
May 16, 2006
HP'ers: With all the BS and idiots out there - who do you listen to for financial advice?
Subscribe to:
Post Comments (Atom)
11 comments:
L0ONG LIVE dAVID LEREAH!
Barry Ritzholtz? has a decent blog called "The big picture"
Peter Schiff
Euro Pacific Capital
http://www.europac.net/
James Grant
Grant's Interest Rate Observer
http://www.grantspub.com/
Also: Motley Fool
What about the Mogambo Guru?!?! We're all doomed!!!
The Long Emergency has begun - James H. Kunstler
HP'ers: With all the BS and idiots out there - who do you listen to for financial advice?
I've been hot with the ponies
marc faber
www.gloomboomdoom.com
I'm a big fan of Robert Shiller too. I had to read his 2nd edition of "Irrational Exuberance" in studying for my CFA exam, and it was the only enjoyable read out of all the study materials. Oddly enough, he finished the book before the Phoenix market really took off. Now it's one of the poster children for real estate bubble markets.
How could you not mention Warren Buffett? His annual shareholders' letter is one of the few sensible reads in investing. He stayed out of the tech bubble, has been warning of the US's indebtedness for years, and lately has been warning about the RE slowdown (he owns some brokerages, so we can forgive him for not calling a crash).
How can you not mention the Mogambo (Guru)??? He's the greatest!
http://www.321gold.com/editorials/daughty/daughty010406.html
http://www.321gold.com/editorials/daughty/daughty051706.html
None of the guys mentioned really made accurate predictions. Schiff made some but no one has even addressed what happens after the real estate and banking crisis..except one guy... Mike Stathis, an adviser to hedge funds and venture capitalist and author of America's Financial Apocalypse. He also wrote Cashing in on the Real Estate Bubble where he focuses on describing the extent of the bubble and advised to short the banks, mortgage and homebuilders. He predicted housing prices would fall by 30-35% in his books. I made a lot of money following what he said.
Plus, he does not seem to have any agendas like many others. But that is probably why it's harder to come across his writings. He doesn't market himself like the others (maybe because he is too busy making money).
Post a Comment