Saturday, January 26, 2013

Peter Schiff : I feel comfortable calling myself a good forecaster

Understanding policy distortions and their inevitable influence on prices is the key advantage of Austrian School investors over the mainstream. When I examine an asset, I don't simply look back at average performance over my living memory. I consider the asset's economic utility and how that is likely to be affected by recent and anticipated events and government policies. I don't expect respect based on my credentials, but on my accuracy over time. On that measure, I feel comfortable calling myself a good forecaster, as well as a confident one. As to the doubters, I'll quote myself circa 2006: "Noncommittal 'advice' conveniently allows advisors to have it both ways ... it is worthless to investors. - in ibtimes

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

Popular Posts This Month