Silver as an investment

Category Archives: Hugh Hendry

A Market In Which “Shocks No Longer Shock”: Deutsche’s Kocic Explains How To Trade It

Back in June, one of Wall Street’s more philosophical derivatives strategists, DB’s Aleksandar Kocic looked at the state of the market and postulated that far from “stable” the existing risk  “equilibrium” is one which can be described as “metastable“, the result of widespread complacency, and which he compared to an avalanche where “a totally innocuous […]

Advice from the trader who made $1+ billion in 1929…

Via [Editor’s note: This letter was co-written with Tim Price, co-founder of the VT Price Value portfolio and editor of Price Value International.] In the late spring of 1720, Sir Isaac Newton decided to sell his stocks. Newton had been an investor in the South Sea Company, a famous enterprise which effectively commanded a […]

Hugh Hendry: “We Are Running A Trumpian Portfolio”

Presenting the end of year macro observations on a “Trumpian new world order”, from Eclectica’s Hugh Hendry Right Here, Right Now? As you know, back in late 2014 we were more constructive on risk taking opportunities as Europe prepared to launch QE, finally resetting monetary policy on a necessary looser course. And by early 2015 […]

“The System Simply Isn’t Working” – Hugh Hendry Warns Of 1930s-Style “Dramatic Fulcrum Point” In Europe

Having warned in Q1 of the possibility of a China-devaluation-driven collapse in to a "Mad Max" world, Eclectica's Hugh Hendry lays out the next steps and catalysts for 'change'… Via, We believe we are approaching a dramatic fulcrum point in public opinion in Europe which could deliver another bout of outsized positive returns from […]

Hugh Hendry Recalls His “Great Monster P&L Trade” That “Murdered” His Counterparty

We’ve heard plenty of fund managers blame the macro environment and the lack of a definitive economic trend for the drought in returns over recent years, but in his latest blast, famed – or perhaps infamous – contrarian Hugh Hendry hold his hands up, admitting his shortcomings and his own losses. “I fear that our […]

“Markets Are Ripe For A Black Swan Event” – Why Most ‘Well Hedged’ Funds Won’t Survive

George Sokoloff, founder and CIO of Carmot Capital, recently explained why typical asset allocation strategies, including those employed by most "sophisticated" hedge fund managers, end up getting slaughtered during market shocks despite perceptions of being "well hedged".  One has to look no further than the last "great recession" to get a glimpse of just how […]

“It’s Not Panicking If You’re First” – China Devaluation Is Closer Than Anyone Thinks

Once again – ahead of the G-20 meetings – China's currency mysteriously abated its incessant plunge suggesting 'stability'. As Bloomberg notes, history shows that the Chinese currency usually strengthens ahead of major political or economic events, such as President Xi Jinping’s state visits to the U.S. and the Boao Forum. The People’s Bank of China […]

Kyle Bass Shares The “Stunning” Thing A Central Banker Once Told Him

If you ever wanted to get a look inside the mind of Kyle Bass, founder and CIO of Hayman Capital Management, here is your chance. In a wide-ranging discussion with Grant Williams, author of Things that Make You Go Hmm and co-founder of Real Vision TV, he shared his thoughts on position-sizing, China, the appeal […]

ZeroHedge: How Wall Street’s Biggest Permabull Became Its Go To Permabear

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Two years ago, there was nobody more bullish, or more apologetic of the poorly performing US economy than Deutsche Bank’s chief US economist, Joe Lavorgna. Case in point: his Q1 2014 “explanations” why every negative print or consensus miss was […]

ZeroHedge: “I Used To Be A Big Deal… And Then A Billion Dollars Walked Out The Door” – Hugh Hendry’s Sad Story

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. In a somewhat more manic-than-usual introduction to his 2016 macro outlook, Eclectica’s Hugh Hendry – the first of the big bears to throw in the towel and kiss the ring of central planners – admits that things did not turn […]