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It’s his book because he believes it’s true, not because he’s trying to influence things. I’d highly recommend reading Big Debt Crises.
by ericd 4y ago
It’s his book because he believes it’s true, not because he’s trying to influence things. I’d highly recommend reading Big Debt Crises.
- arcticbull 4y agoSorry, when I said "talking his book" that's like a finance term for advocating for things that would benefit the positions you hold. > Talking your book is a phrase used to describe what portfolio managers are doing when they discuss their portfolio holdings. It is generally assumed that this discussion is to create interest (and buyers) of these securities. This will ultimately benefit the price of the security and the manager’s portfolio. [1] https://abnormalreturns.com/2010/02/18/everybody-talks-their-book-everybody https://abnormalreturns.com/2010/02/18/everybody-talks-their...
- ericd 4y agoSorry for the poor wording of my response, I knew what you meant. I meant that he’s invested the way he is because he believes in what he’s talking about in terms of macro trends. And then I confusingly recommended reading his printed book, which I’ve found very helpful in understanding what the central banks have been doing, and allowed me to be well positioned for this inflation well before it picked up to where it is now.