Saturday, November 22, 2008

Marginalizing Gary Shilling

In his latest Forbes column, Gary Shilling writes:

Moreover, commodity prices are collapsing as global demand falls and as those who thought commodities were a legitimate investment rush out even faster than they charged in.

Okay, so in his opinion, commodities are not a *legitimate investment*.

So, Gary, what the heck is?

Mutual funds? Currencies? Your house? Floridian condos?

According to Rich Karlgaard, in this comment thread, Gary Shilling:

...has made the bulk of his returns, he claims, in 30-year Treasuries, which he rolls over every year.

Good luck with that one Gary! When the long bond market implodes I am coming at you with *Treasuries were never a legitimate investment*.

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