Friday, Mar 14, 2008
Tony Dye a bear until the end - predicting that house prices could fall by up to 30% by 2009
Citywire: City loses ardent bear as Tony Dye, prophet of the tech collapse, dies
Tony Dye, who as chief investment officer at Phillips & Drew in the 1990's, bucked the herd to predict the collapse of technology stocks, has died from cancer aged 60. He remained a bear until the end predicting in letters to newspapers from retirement that house prices could fall by up to 30% by 2009. The recent turmoil in the US housing market may again show that his predictions ultimately come true. One of his final predictions will stick in the throats of many investors: 'We don't have soft landings in things like this, ever,' he said.
Posted by jack c @ 11:07 AM (498 views) Add Comment
5 Comments
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1. mark wadsworth said...
Only 30%?
2. cyril said...
I like the idea of a bear bucking the herd. What a shame he didn't see his predictions come true in his lifetime.
3. techieman said...
shame
4. Stevie Dee said...
Gone to a better place.. An inspiration to us all.
5. symo said...
The world has lost one of last sensible fund managers.
May he be remembered for his sober analysis and his ability to ignore hype.