4min chapter

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#33: Bill Fleckenstein On Profiting From Central Bank Mistakes

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Fed's Unrolling of the Bear Market

The Fed is the arsonists and they always get credit for being the fireman. They've never taken any pain. There was a, okay, let's call it. Let's say you started the investment business in 01 we've been at it for 20 years. That's a decent amount of time. You've had you had about a year of pain in 08. And if you're if you've been it for almost 30 years you had a year in a year to an 01 01 and then 08 so you haven't ever seen any real pain. It's not really in history or economic history. So when they look back and they'll write the history book will say God, there

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