Jonathan Davis. Front Page FT. Financial Adviser. April 2005. Guess What he said.

dunstonh

People that call crashes every year are like broken clocks. Even they will be correct twice a day.

geneer

dunstonh wrote: »

People that call crashes every year are like broken clocks. Even they will be correct twice a day.

What about someone that called a crash in 2005. Stating that it would kick of in 2007?:)

IronWolf

I say give credit where it is due. So what if he predicted falls in 2005 and 2006, noone can predict timing of events with any certainty but he had enough sense to see that something was going to happen when the majority of the rest of people thought prices would rise forever.

peakoil_2

not much sense if he predicted a crash in 2007 and sold his house to rent in 2002 though surely?

why didnt he wait until 2006 and get the peak instead of STR years before?

geneer

IronWolf wrote: »

I say give credit where it is due. So what if he predicted falls in 2005 and 2006, noone can predict timing of events with any certainty but he had enough sense to see that something was going to happen when the majority of the rest of people thought prices would rise forever.

You are correct. He did indeed predict a crash in 2005.
He predicted it would occur in 2007.

Though apparently someone who prediced prices wouldn't crash...in september 2007, was more accurate.

I suspect rational thought doesn't factor into many of these guys processes.

StevieJ

geneer wrote: »

You are correct. He did indeed predict a crash in 2005.
He predicted it would occur in 2007.

Though apparently someone who prediced prices wouldn't crash...in september 2007, was more accurate.

I suspect rational thought doesn't factor into many of these guys processes.

At the risk of repeating myself, if we have had the crash why are you not now buying? or should I say why have you not bought already?

peakoil_2

StevieJ wrote: »

At the risk of repeating myself, if we have had the crash why are you not now buying? or should I say why have you not bought already?

there is a good reason why geneer hasn't bought yet, despite the crash he and others predicted.

<geneer's random sentence generator ON>

"the dearth of the street issue on the telephonic substitution of preditive bus".

<geneer's random sentence generator OFF>

There it is in a nutshell. :rotfl: :rotfl:

Conrad

I actualy know this bloke. Whilst ordinary folk built a valuable property empire that throws off a great net yield, this amateur has been fiddling about with packaged investment policies and at best has only modest income and wealth himself.

20 years from now, your average buy to letter with a few properties will be in a cosiderably better position than this commision crow.

Conrad

Batchy wrote: »

So would JD now say that there has been significant falls in house prices, or is he still predicting a massive fall?!?

On Radio 4 a little while back he was urging people stay well clear of property in the medium term.

You need understand how these people tick - I know them very well. They are damned bitter than all these thikos had the balls to build a property portfoilio, oblivious to the 'investment' world as it were. How dare these property !!!!!! watchers have done so well, when these purveyors of the traditional investment arenas have done comparativly poorly on average.

How dare thickos ramp up thier mortgages and end up with several hundred thousand in B2L equity.:rotfl:

robmatic

geneer wrote: »

What about someone that called a crash in 2005. Stating that it would kick of in 2007?:)

I know a Liverpool fan who predicts every year that his team will win the Champions League. He was right in 2005 as well.