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Flip Flopper?

by Vitaliy Katsenelson
Vitaliy Katsenelson
The Process
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The Almighty Bill Gross of Pimco has flip flopped on the direction of interest rates for the second time this month. I can feel Mr. Gross’ pain. At this point…

The Almighty Bill Gross of Pimco has flip flopped on the direction of interest rates for the second time this month.

I can feel Mr. Gross’ pain. At this point predicting the direction of interest rates is like flipping a coin. The global economy is roaring on all engines – a case for higher interest rates. At the same time, we are walking on a subprime, weaker housing, leveraged-consumer mine field.  I am so glad that I am not in the interest rates prediction business.

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I am the CEO at IMA, which is anything but your average investment firm. In a brief moment of senility, Forbes magazine called me "the new Benjamin Graham”.

I’ve written two books on investing, which were published by John Wiley & Sons and have been translated into eight languages. (I’m working on a third - you can read a chapter from it, titled “The 6 Commandments of Value Investing” here).

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