People we respect

The following are fund-managers and economists we respect and what we consider their most important achievement.

Warren Buffet
...for buying what you know and staying away from what you don't understand.

Peter Lynch
...for rather buying the best company in the worst sector than the worst company in the best sector.

Rob Arnott
...for showing that asset allocation has historically been more important than individual stock selection.

Benjamin Graham
...for buying a company for its value and earnings, and regarding growth as an additional bonus.

Peter Schiff
...for recommending foreign dividend paying companies as one of the best way to bet on rising foreign currencies.

Bill Fleckenstein
...for understanding a company's role in the "food-chain", and indentifying problems spreading from the front to the back.

Jim Rogers
...for understanding the long cycles of commodities that are driven by supply/demand imbalances that take a long time since production has to be ramped up. Further, the fact that companies' earnings are negatively affected during the period of rising commodity prices.

Marc Faber
...for knowing history and the examples where the same mistakes are repeated over and over again.

Arne Alsin
...for buying companies in trouble rather than the companies getting into trouble.

Benjamin Anderson
...for knowing the banking system and identifying that tariffs in the 1930s prevented the European countries from paying off their war debts.

Jim Puplava
...for summarizing economic events in understandable language, and for always listening to the the contrary opinion.