Mental Insanity – Interview with Bill Fleckenstein

BankgroundBillFleckenstein

Interview with Bill Fleckenstein for MAC

Interview with Bill Fleckenstein for Windows

5 Comments to Mental Insanity – Interview with Bill Fleckenstein

  1. Ronald Ford's Gravatar Ronald Ford
    February 18, 2013 at 2:56 pm | Permalink

    Mariusz,

    What a great interview and exchange of ideas between Fleckenstein and you. Your analyses and conclusions are correct and based on sound Austrian school precepts — not Keynesian nonsense. Soldier on!

    I hope Fleckenstein’s longer experience provides you the encouragement and confirmation you need to trust your sound work and to further develop the patience value investing requires.

    Your insightful views produce considerable respect for what you do.

    A greatful reader,

    Ronald Ford
    Chicago

    • Mariusz Skonieczny's Gravatar Mariusz Skonieczny
      February 19, 2013 at 12:43 am | Permalink

      Ronald,

      Good to hear from you and thanks for the comment.

  2. JJW's Gravatar JJW
    February 20, 2013 at 9:58 am | Permalink

    what is up with the MMY trading halt?

    • Mariusz Skonieczny's Gravatar Mariusz Skonieczny
      February 20, 2013 at 10:10 am | Permalink

      I don’t know. I wouldn’t mind if all of the miners were halted from trading for the next 5 years.

  3. S's Gravatar S
    February 25, 2013 at 12:46 pm | Permalink

    Good interview. I think a major difference in “timing” the inevitable rise in interest rates now versus say the housing bubble, is that the Fed and other central banks can “print” more money whereas the housing lenders did not have infinite resources (and if the Chinese stop buying dollars then the Fed will have to actually print more). So timing of this “bubble” could possibly drag on for a very long time.

    You also stated you are having trouble find good values. I have been buying JCS near and below current prices. 38% of it’s price is cash and investments, they own property, they pay a secure ~6% dividend yield and are (too) conservatively managed.

    A more speculative play with a potentially big moat is UPIP given their net tax loss carryovers will shield their income for sometime and is worth maybe 2X the current stock price. It’s a play on patents with very good dates and art.

    Good luck.

  1. By on February 18, 2013 at 1:52 pm
  2. By on February 23, 2013 at 3:41 am

Leave a Reply

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>