What do you think of Doug Casey? Is he legit?

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hedgehog
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What do you think of Doug Casey? Is he legit?

Post by hedgehog » Sun Jun 08, 2014 5:17 am

A collection of his blog posts: http://www.investorsinsight.com/blogs/c ... fault.aspx

His website looks, well... funny for me.
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MachineGhost
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Re: What do you think of Doug Casey? Is he legit?

Post by MachineGhost » Sun Jun 08, 2014 8:52 am

That's not his website, but what do you mean it looks funny?  Hes a newsletter publisher and has been around for 40 years or so.  He ranks up there with Browne and Schultz as hard money "gurus" of the 70's that didn't fade away into irrelevance like Ruff.
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Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet.  I should not be considered as legally permitted to render such advice!
hedgehog
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Re: What do you think of Doug Casey? Is he legit?

Post by hedgehog » Tue Jul 01, 2014 4:52 am

By funny I mean he (always) prepares to the end of the world (not coming).

All his book titles on Amazon are a variation of the title 'Crisis Investing'.

"...didn't fade away into irrelevance"
OK. How much extra income his speculations made for you compared to a 'dumb' Permanent Portfolio or similar?
murphy_p_t
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Re: What do you think of Doug Casey? Is he legit?

Post by murphy_p_t » Thu Aug 07, 2014 1:16 am

his warnings to seek geographic diversification seem well founded
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Re: What do you think of Doug Casey? Is he legit?

Post by Kshartle » Thu Aug 07, 2014 8:55 am

hedgehog wrote: By funny I mean he (always) prepares to the end of the world (not coming).

All his book titles on Amazon are a variation of the title 'Crisis Investing'.

"...didn't fade away into irrelevance"
OK. How much extra income his speculations made for you compared to a 'dumb' Permanent Portfolio or similar?
No one ever write a book titled "Prepare for the coming Prosperity" do they?

Hmmmm, maybe an opportunity there!
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Re: What do you think of Doug Casey? Is he legit?

Post by atrus138 » Sun Jun 28, 2015 7:12 pm

He is definitely intelligent and always worth reading, but he makes a lot of predictions that simply do not happen (crippling depression by 1983 in Crisis Investing, for example), though at other times he can be prescient. On the whole though, I definitely prefer Browne's market agnosticism.
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Re: What do you think of Doug Casey? Is he legit?

Post by MediumTex » Sat Jul 04, 2015 8:35 am

He is a legitimate entertainer.

That's all market commentators are.
Only strength can cooperate. Weakness can only beg.
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Re: What do you think of Doug Casey? Is he legit?

Post by 4x4 » Sat Aug 15, 2015 9:03 pm

Investing in his Argentina project seems as advisable as investing in the d'Anconia Copper Mines.
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Re: What do you think of Doug Casey? Is he legit?

Post by ozzy » Sun Aug 16, 2015 9:57 am

I like Doug Casey, but all these doom and gloom guys do is preach the same thing year after year.  And even a broken clock is right twice a day.  I would not take any investment advice from him, although I agree with most of his ideology.  I bought his book Totally Incorrect and enjoyed it.  Incidentally, it was edited by Terry Coxon (Harry Browne’s long time editor).

If you want some real entertainment you can watch Doug on the Donahue show in 1980 here:
https://youtu.be/easuUdhW4X0

Its really amazing because he's been preaching the exact same doom and gloom for over 35 years!
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Desert
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Re: What do you think of Doug Casey? Is he legit?

Post by Desert » Sun Aug 16, 2015 4:29 pm

ozzy wrote: I like Doug Casey, but all these doom and gloom guys do is preach the same thing year after year.  And even a broken clock is right twice a day.  I would not take any investment advice from him, although I agree with most of his ideology.  I bought his book Totally Incorrect and enjoyed it.  Incidentally, it was edited by Terry Coxon (Harry Browne’s long time editor).

If you want some real entertainment you can watch Doug on the Donahue show in 1980 here:
https://youtu.be/easuUdhW4X0

Its really amazing because he's been preaching the exact same doom and gloom for over 35 years!
Wow, this is great stuff!  He predicted gold going to $3,400 by 1985.  He was/is off by a few years.  He also said not to invest in the stock market, right before the two decades bull market.  And he said he wouldn't vote in the presidential election, but if he did vote, he'd vote for the Libertarian guy. 

Hmm.... some things never change. 
Our greatest fear should not be of failure, but of succeeding at something that doesn't really matter. 
- D.L. Moody

Diversification means always having to say you're sorry.
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