Hidden global debt bomb with $16 trillion ‘missing’
Paul Gilder wrote an article in the Herald Sun discussing how global debt could be understated by more than $16 trillion. Paul mentions Roger’s view. Read here.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
Kelvin Ng
:
Hi Roger, this is all very interesting, but macro worries like these really do not help in making investment decisions – as proven by Hugh Hendry recently closing his Electica Asset Management, John Burbank’s Passport Capital shutting down their long short equity strategy, Mark Hart losing more then $200m on his short Chinese Yuan bet and then changing his mind about that position, and Kyle Bass still waiting for his short China thesis to play out. Just stick with value investing, buying great companies at less than their estimated intrinsic value. But then I’m preaching to the master – you’re the one who converted me to value investing in the first place and you’ve been talking about the benefits of value investing and the ineffectiveness macro for more than a decade.
Kelvin
Roger Montgomery
:
Macro is overrated, microeconomics however is what we need to understand to consider the prospects for a company’s growth.