moneywatch Feature Package
The worst financial markets in a generation have thrown into question virtually every long-held tenet of investing. Conclusions backed by 70 years of history have been routed by 18 months of misery. What once seemed as secure as Newton’s laws now seems like so many old wives’ tales. In this market, there seem to be only two real truths: Nobody ever knew anything, and you can’t trust anyone.
For perspective on what’s going on right now, we sought out four financial thinkers you can still trust. Among them are some of the most original financial thinkers of the past 50 years. Two of them actually originated theories that evolved into core investment truths now being questioned. The other two built their reputations by standing apart from the investment herd for decades. They are:
- Peter Bernstein: award-winning author, economist, and financial historian
- Eugene Fama: father of the efficient-market theory
- Jeremy Grantham: legendary value investor who predicted this bear market
- Harry Markowitz: Nobel Prize-winning economist who created modern portfolio theory
Even today, none of the four has a single conventional or ordinary thought about the financial markets. Don’t miss their honest — and often surprising — insights into what caused the current market crisis and what you can do to survive it and start making money again.
