Market Monitor -- Michael O'Higgins, President of O'Higgins Asset Management -- NBR Interview

Nightly Business Report ^ | 10/24/03 | Interview Transcript

[arete]

O'HIGGINS: Well, I think it depends on what -- actually, to tell you the truth, I think gold and the Dow could trade at the same price, which they did in 1980.

Wow, that would shake things up.

Richard W.

[arete]

FYI

Comments and opinions welcome.

Richard W.

[TopQuark]

to tell you the truth, I think gold and the Dow could trade at the same price, which they did in 1980. They've been saying this all through the 1980s and 1990s --- and, as you know, it would've been a disaster to have listened to them.

He owns gold and wants to sell it to me -- -what else do you expect him to say?

[groanup]

Gold had just been through the double digit Carter/Nixon inflation of the '80's. You would expect it to go through the roof while stocks were depressed.

[arete]

You would expect it to go through the roof while stocks were depressed.

Well, I'm not sure how it will work out, but I'm long gold and silver and O'Higgins is not just another Wall Street shill. Jimmy Rogers has also been bullish on commodities so my guess is that people are reading "stagflation" in the future.

Richard W.

[arete]

He owns gold and wants to sell it to me -- -what else do you expect him to say?

O'Higgins is a world class investment manager. I doubt that he is interested in selling anything to you.

Richard W.

[arete]

Got gold. Got silver. Got popcorn.

Richard W.

[TopQuark]

O'Higgins is a world class investment manager. I doubt that he is interested in selling anything to you. What is the relationship between the caliber of the manager and his willingness to sell gold to me?

Also, how will he know that he did not sell it to me? Kindly explain.

[TopQuark]

Rogers has also been bullish on commodities so my guess is that people are reading "stagflation" in the future. Jimmy Rogers also predicted that IBM, after its decline, will never get back up again. "Mark my words," he said to Ron Insahna (sp?).

[arete]

I think that the article clearly states that he is a buyer and not a seller. I know that you are attempting to engage me in one of your circular illogical discussions, but I don't want to go down that road today.

Richard W.

[arete]

Contrarian ping.

Richard W.

[Orangedog]

Whenever paper currency gets into trouble, people run to gold. 6000 years of recorded history has to count for something.

[TopQuark]

I think that the article clearly states that he is a buyer No, the article says he is an owner of gold. Which means he will sell at some point what he owns.

Given your response, I will say more directly that your remark of him not wanting to sell anything to me was ridiculous. Firstly, if I buy gold on the other side of the deal with him, how will he even know whom he sold to (not that he should care)? You should know that, or at least have learned before making investments.

Secondly, you implied that he was a world-class manager and I am not in his category. You may not like my posts, but what do you know about my past, for instance; how do you know that I did not do time on Wall Street managing money?

I know that you are attempting to engage me in your circular illogical discussions

Firstly, I did not attempt anything --- I don't even know who you are and don't remember your name.

Secondly, and more importantly, being a person who makes more mistakes than there are words in a sentence, you are not in a position to judge someone else's logic.

Happy investing, and have a good day.

[arete]

Two words -- anger management.

Richard W.

[Orangedog]

I don't even know who you are and don't remember your name.

I can see how that happens when you make a habbit of trolling so many threads with a flame-thrower.

[headsonpikes]

Me, too! LOL!

[q_an_a]

jimmy rogers was pushing that idea all through the middle 90s. then he took a vacation, came back with the same tune. he has some winners and losers, but he basically has his eyes focused on raw materials not value added.

[arete]

Me, too! LOL!

Interesting that O'Higgins recommends holding so much cash. Must be a hedge.

Richard W.

[groanup]

"O'Higgins is a world class investment manager."

Careful. Remember all those "world class" Nobel prize winners that blew up Long Term Capital Management? Read my tag line. There is no such thing as a "world class" investment manager. Monkeys do just as well throwing darts.

[arete]

You can say that again. No sure things. He's also hedging with cash which seems prudent.

Richard W.