Wednesday, Mar 19, 2008
Doom dies
Times: Tony Dye
Successful City fund manager famed for his predictions, not always correct, of financial doom.....
Posted by oh dear @ 02:12 PM (265 views) Add Comment
2 Comments
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1. Jonb said...
I think it is unfair to say that his predictions of financial doom were not always correct. The fact that he predicted problems around 6 years before they happened doesn't mean he was wrong, just that he had a level of foresight that few people have.
His death is a great loss to this country, and I'm sure he will be greatly missed by the people on here.
2. Oh Dear said...
@ Johnb
I assume you realise those are not my words, merely the opening lines from the Times article. For the record nobody is always correct, so I'm a bit surprised you think it's unfair for the 'Times' to say so. Whilst he made money from an earlier crash, I think you will agree the prediction of a 30% fall in house prices made in April 2004, has proved misguided, especially when you take in to account the amount they have actually risen since then. Economic cycles are around 10 years long, so it's slightly hard to understand why you feel 6 years here and there doesn't really matter in predictions. Any death is a loss, particlarly to family and friends but again struggling to understand the hyperbole of your last comments. Anyhow RIP Tony.