Hussman’s article is a little lengthy, but a good refresher. Reading his point of view continually strengthens my confidence in the ‘open minded approach’ perspective. Here are a few highlights:
“The best way to destroy the capitalist system is to debauch the currency.”
Vladimir Lenin, leader of the 1917 Russian Revolution
“My impression is that investors underestimate the risk of assuming that those problems are solved because we are riding a wave of deceptively “costless” government bailouts.”
http://www.hussmanfunds.com/wmc/wmc100104.htm
…I will have 4Q09 Performance data up on the site soon!
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