Crispin Odey: Capitalism At Risk Amid QE Unwind; Valuations At 1929 Levels
Rupert Hargreaves2018-02-28T17:52:08-05:00
What caused the Dow Jones Industrial Average to decline by 1,400 in the space of an hour on Monday, February 5? In the mind of vocal hedge fund manager Crispin Odey, the rise in bond yields in the three weeks before the decline was "undoubtedly" responsible and behind that a "conviction that after two years of rampant monetizing by the authorities in general, economic activity was picking up quickly and with little give left in global capacity, would result in rising prices and even wages."
Author
Rupert Hargreaves
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Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway.
Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK.
Rupert covers everything value investing for ValueWalk
