The United States Dollar could be backed by commodities instead of gold, suggests Ben Graham. Agricultural commodities wheat, corn, cotton, rubber. They could be stored indefinitely through rotation.
“If you can make your results independent of any views as to the future, you are better off.” Prediction of recession, consumer credit and housing, cycles.
Hedge Funds: Small Firms Profit As Big Names Close In 2020
At the beginning of July, Lansdowne Partners, one of Europe's oldest and best-known hedge fund managers, announced that it was closing its flagship hedge fund after a run of poor performance. The closure is the latest in a string of high-profile hedge funds that have decided to shut up shop in recent years. Billionaire investor Read More