Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

DoubleLine CEO Jeffrey Gundlach Predicted Donald Trump Victory

FYI: One of the few prominent money managers who correctly predicted the next president of the U.S. also pretty much nailed this year's bottom for Treasuries


  • edited November 2016
    Here is Ms Abramowicz Full article from Bloomberg Gadfly/Gundlach Webcast Info
    Gundlach Takes a Moral Victory Lap
    By Lisa Abramowicz

    ...This just shows how difficult it will be to win big over the next few months, even if a money manager gets a few big bets right. Opportunities will abound, but so will the risk of failures (see the Mexican peso, 30-year bonds and emerging-market debt.) Mutual-fund investors have made a clear statement since the crisis -- they don't want to lose a ton of money again. Investment managers are tasked with balancing out risks and hedging against being wrong, even at a significant cost.

    No Gloating Allowed ? Gundlach to host his first post election webcast Tue November 15th
    DoubleLine Asset Allocation - Core Fixed Income & Flexible Income Live Webcast
    hosted by Jeffrey Gundlach
    Tuesday, November 15, 2016 1:15 pm PT / 4:15 pm ET / 3:15 pm CT
    Register here:


    Here's another rare event,although much more predictable.
    Supermoon Forecast: The Moon Hasn't Been This Close (to Earth ) in Almost 69 Years
    By Joe Rao, Skywatching Columnist | November 11, 2016 07:00am ET
    On Monday (Nov. 14) at 6:15 a.m. EST, the moon will arrive at its closest point to the Earth in 2016: a distance of 221,524 miles (356,508 kilometers) away. This distance, which is measured from the center of the Earth to the center of the moon, is within 85 miles (137 km) of the moon's closest possible approach to Earth; to be sure, this is an extreme perigee.
    Supermoons can appear 30 percent brighter and up to 14 percent larger than typical full moons.
  • Predicted 16 years ago:

  • edited November 2016
    And eight more years later
    'Atlas Shrugged': From Fiction to Fact in 52 Years
    By Stephen Moore
    Updated Jan. 9, 2009 11:59 p.m. ET

    Ultimately, "Atlas Shrugged" is a celebration of the entrepreneur, the risk taker and the cultivator of wealth through human intellect. Critics dismissed the novel as simple-minded, and even some of Rand's political admirers complained that she lacked compassion. Yet one pertinent warning resounds throughout the book: When profits and wealth and creativity are denigrated in society, they start to disappear -- leaving everyone the poorer.
    One memorable moment in "Atlas" occurs near the very end, when the economy has been rendered comatose by all the great economic minds in Washington. Finally, and out of desperation, the politicians come to the heroic businessman John Galt (who has resisted their assault on capitalism) and beg him to help them get the economy back on track. The discussion sounds much like what would happen today:
    Galt: "You want me to be Economic Dictator?"
    Mr. Thompson: "Yes!"
    "And you'll obey any order I give?"
    "Then start by abolishing all income taxes."
    "Oh no!" screamed Mr. Thompson, leaping to his feet. "We couldn't do that . . . How would we pay government employees?"
    "Fire your government employees."

    "Oh, no!"
  • The same person also said he did not think Brexit would happen when asked in Q & A of his webcast. So this time it could be lucky side of a coin toss. And once you are right, it is not diificult to find why you are right. Also don't forget he said he sold all his equity holding in a 2011 webcast call. He never said if he did buy back or not. In forum like this MFO, readers are supposed to be more rational and objective. But it is amazing to see some topic still look like one side only story.
  • The Poobah speaks, and the earth trembles at his all-knowing, all-seeing, all-thinking ability. I though Mr. Gross had the world's biggest ego a few years ago, but I was wrong. Mr. Gundlach, er...the Poobah is clearly the winner since Gross left PIMCO. Be careful with these self-appointed, celebrity fund managers. Their flame-outs can be fast and hazardous.
  • @BobC. Not sure about egos but I'm convinced mutual fund managers should shut up and manage my money.

    I keep going back to Bruce Berkowitz. The less he talks the better his fund performs. I'm so glad Fartiromo went to Fox News (at least I thought I saw her there). Berkowitz going on CNBC and fawning over her (WTF for ?!?!?!) used to drive me nuts.

    Burnanke and Greenspam can talk. No one listening to them. Poo and Bah, literally.
  • edited November 2016
    I know. And I was quite sure he'd be wrong. Give him credit for smelling this one out. I've noticed quite a few money managers seem comfortable with the election result - but by no means a majority..

    The problem with riding so high, be it Gross, Gundlach, Berkowitz or Miller, is that there's no place to go but down. Perhaps Peter Lynch recognized this all too well.

    Yeah - I'm attracted to some of these celebrity managers. Find many fascinating to listen to (Gross, Gabelli, Rogers, etc.). But when selecting a place to invest I think the culture and overall record of the fiduciary is much more important. I'm a big fan of TRP for this reason. And if you want one of these celebrities running your money, you're likely paying for that in the form of higher fees.
  • edited November 2016
    Actually, if you listened to his CEF webcast a few days before the election, Gundlach walked back his election prediction, refusing to directly answer a question on it and instead touting the PE for how far he'd come in the campaign.

    I think there's too much coverage of and interest in JG's one-off assertions like those about the election, the Apple trade of last year, etc., and not nearly enough attention paid to his thorough and data driven macro analysis, which is on display in nearly every one of his webcasts, and which is clearly the basis of his investing talent. The interviews he does appear to be tainted partly by the overly simplistic questions he gets fed, and partly by his ego, playing to the media and the crowd he thinks is listening.
  • Still own the Gundlach core bond fund. It's not at the top of the heap, but not a disaster. Reversion to the mean, eh? What I'm looking forward to is a genuinely decent return in terms of interest rates. I'd be quite happy if it became worth the investment again, to put money into a CD. And DLFNX will eventually rotate into newer, better-yielding instruments. Like all of them, I figure.
Sign In or Register to comment.