Monday, December 1, 2008 4 comments ++[ CLICK TO COMMENT ]++

CFA sponsored speeches by Marc Faber, Jim Grant, Jeremy Grantham

I found some interesting audio speeches from Marc Faber, Jeremy Grantham, and Jim Grant from the archives of the CFA Institute. I only list speakers that I respect and find insightful; you may find other speakers from their archives that you like (for instance, some people seem to like Mohamed El-Erian of PIMCO whereas I am not a fan of him.)

(click on the 'Launch' button near the bottom-right on the linked pages)

Looking Globally for Growth 2008 - Marc Faber (July 24 2008)

Valuation, Risk, and Asset Allocation - Jeremy Grantham (July 22 2008)

What Next? - Jim Grant (Oct 7 2008)

These speeches are macro-oriented and don't really concentrate on specific stock selections. Marc Faber relies on macro views along with some technical investing; Jim Grant is a fixed income specialist, with a heavy bias towards hard currencies; Jeremy Grantham is a value-oriented quantitative macro investor. The speeches are similar to other speeches/interviews given by these individuals so you can skip them if you don't have time. If you have to listen to only one, I would recommend the person you are least familiar with.

It's amazing how much the situation has changed since those speeches. If Jim Grant was starting to worry about the FedRes balance sheet in October, I am sure he is having a heart attack right now (given that the FedRes is considering making open market purchases of US Treasuries and agency bonds), and I don't expect him to survive next year ;)

For what it's worth, I do not agree with the prescription for the crisis from the Austrian Economics followers such as Jim Grant and Marc Faber. These guys overlook the political elements that are part of economics. If we follow the suggestions of Liquidationists, countries will collapse very easily, with possible changes in the political system (if you think fascism or communism is obsolete, think again.) At least, these guys are forthright with their views and have been warning of impending doom for ages (Jim Grant has been warning since the 80's it seems.) In contrast, we have the fake free-marketers that I call the 'WSJ crowd' who push for low taxes, low regulation, and minimal government when they are making money; and free money handed to them when their businesses head downhill. As for Jeremy Grantham, we share similar views.

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4 Response to CFA sponsored speeches by Marc Faber, Jim Grant, Jeremy Grantham

December 2, 2008 at 1:39 AM

Thanks for the link Sivaram. There are a lot of free webcasts that look good!


December 3, 2008 at 10:37 AM

You're doing a good job digging these videos out - I just watched part of the Jum Grant / Ben Graham lecture (and saved the rest for later!)

December 10, 2008 at 5:23 PM

lot of free webcast for sure.

December 10, 2008 at 5:24 PM

Thanks for the nice speeches.

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