John Mauldin is President of Millennium Wave Advisors.
“President Obama believes that Gov’t spending will somehow produce something. It’s neo-Keynesian. Gov’t spending in the short-term can increase GDP but it doesn’t increase productivity [Wow] If you want to do something longer term you’ve got to increase productivity. And it worked when we didn’t have a lot of debt. Now we have too much debt, the bond market won’t give it to us at reasonable rates. We don’t want to come to the cliff”.
Seth Klarman: Investors Always Need A Strategy To Guide Them
"Many investors lack a strategy that equips them to deal with a rise in volatility and declining markets," Seth Klarman told his audience in a speech at MIT in 2012. Q3 2020 hedge fund letters, conferences and more Klarman was talking about the benefits of having a strategy, such as value investing, to provide a Read More