Have a look at what famed hedge fund manager Hugh Hendry is reading at 5:40: it’s Jesus Huerta de Soto’s Money, Bank Credit, and Economic Cycles!
This is a wonderful interview and highly recommended. (Thank you Michael Eisenstein)
Source link: http://archive.mises.org/12299/what-great-investorsspeculators-read/
What great investors/speculators read
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Ha, that is an epic pick up.
short-selling is absolutely a public service; especially with the amount of assets artificially inflated by continued loose credit. In the world of credit expansion, shorting serves a much more useful role than those throwing cash into companies making artificial profits. Is it not better that the liquidation of unsustainable assets and readjustment happen quickly? Or would we rather live in a society built on unwanted assets and misplaced resources? I suppose by this logic, the Walrasian equilibrium would never be able to adjust downward for prices too high. (Then again, as price-takers, they wouldn’t be able to anyways.)
I liked the “Tragedy” in the picture.
I wonder if that’s Carroll Quigley’s Tragedy and Hope
More people need to understand that profits (usually) come from doing some sort of public good, and the phrase ‘to profit’ needs to be de-stigmatized.
jeff,
It is certainly Quigley’s book. I don’t think there’s other.
I watched the vid you can easily see its Quigley’s Tragedy and hope.
You can bet he is libertarian with that reading list and knows all about the NWO.
How do I get my investments with this man?
http://www.zerohedge.com/article/hugh-hendry-recreates-abx-uncovers-trade-mystical-15-downside-75-upside-trade
Here’s a link to a panel with Hugh Hendry, Nassim Taleb, Marc Faber, and others at an economic forum in Russia. Hendry is a charismatic speaker and had a couple of hilarious one liners, especially one near the end of the discussion on China and overcapacity.
good interview, save for the insufferable bbc reporter.
Joseph O
save your money!
Eclectica’s recent fund performance doesnt match the obvious qualities of its partners
Paul
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