11 Comments
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SauerKlaus PANICAN's avatar

Well, this sure has aged well!

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Kenneth E Rostron's avatar

Well you seem to have an axe to grind which is fine. You might ask yourself how does he get great guests to appear on his spaces if he is such a scumbag?

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Narrative Combat's avatar

Thanks for your comment. I’ve got no ax to grind, just high bullshit sensitivity. His guests are often there for marketing so liking him personally isn’t a prerequisite. And dare I say many of them are FinTwit great, not real world great.

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Kenneth E Rostron's avatar

Fair enough, what is “real world great”? CNBC appearances. . ? Let’s discuss?

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Narrative Combat's avatar

Ha. Definitely not CNBC appearances my man. I’m talking making money in real life. His latest guest, Hussman, is a good example. He’s a good guy and is having a solid year but has annualized at 1% since 2000.

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Kenneth E Rostron's avatar

So basically if you didn't buy TFANG last 8 years your opinion is they don't deserve to be heard? Hussman does fantastic work. So I'll ask you this: How much of the returns you claim people "are "serious people were pumped by the everything bubble Free money zirp nirp mania? Are they real world peeps or holograms like all the dead crypto and spac s promoted by Chamath?

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Narrative Combat's avatar

Never said Hussman didn’t deserve to be heard. I agree he does good work. But the fact of the matter is that his good work does not often translate to fund returns. You asked me the difference between FinTwit good and real world good and this is just one example. Sounding smart and being a moneymaker are two different things. Many on FinTwit often conflate the two. When Mr. Market speaks, you have no choice but to listen and trade what’s in front of you. Which is to say, you trade the market as it is, not how you want it to be. Hussman was wrong for over a decade because he traded the market how he wanted it to be. He’s admitted this himself.

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Narrative Combat's avatar

To be clear, I have no beef with Hussman. He’s good people who is earnest in his attempt to deliver value for his investors. I only used him as an example to make a larger point since he was the most recent guest.

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Plimsoll🚢's avatar

Just say nope to NOPE!

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ED J's avatar

Indeed - the inclusion of the 1990 interview says it all.

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IPHawk's avatar

Excellent article.

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