Bill Fleckenstein

Featuring Bill Fleckenstein

Bill Fleckenstein of Fleckenstein Capital returns to Real Vision nearly a year after his original interview to discuss the art of short selling, the possible link between recent moves by the Chinese central bank to devalue the Yuan and update their total gold holdings, and his approach to trading mining stocks.

Published on
21 August, 2015
Topic
Politics, Risk Management, Portfolio Management
Duration
64 minutes
Asset class
Currencies, Bonds/Rates/Credit, Commodities
Rating
12

Comments

  • RM

    Rainer M.

    1 8 2016 17:45

    1       0

    Great interview ! so far one of the best I have seen on RealVision

  • S

    Simon .

    27 7 2016 10:04

    2       0

    This is a fantastic interview. I think Bill gives intelligent thoughtful answers and has enough confidence to say "I don't know". Excellent.

  • JM

    Jim M.

    3 7 2016 16:01

    3       0

    In terms of articulating the anti - "Don't Worry, Be Happy" case in an engaging and thoughtful manner nobody does it better than Fleck. Hey Grant, time for another trip to Seattle, no?

  • CL

    C├ęsar L.

    23 6 2016 04:02

    0       0

    Great Interview! Watching this before Brexit and I am really impressed that a great percentage of his ideas turned out really well. Also a great perspective on his bottom-up/top-down approach!

  • CS

    Clayton S.

    8 4 2016 20:12

    0       0

    so good I watched it twice!

  • BL

    Brian L.

    1 4 2016 18:24

    0       0

    The Fleckinator will prevail. Like Bill said, it's a confidence trade. CON-fidence. And when the psychology flips and the con is up, he will make a pile of money. Another takeaway, read history

  • AG

    Alexander G.

    4 10 2015 15:39

    0       0

    Maybe the war (s) are already here? US military in 150 (out of 196) countries, drones, "US-led coalitions", how is that not war? Plenty of military spending, that's for sure.

  • LV

    Lisa V.

    4 10 2015 02:46

    0       0

    ...and THEN inflation will force us back on the gold standard. Ouch!

  • LV

    Lisa V.

    4 10 2015 01:36

    0       0

    (1/2) ...is beginning to feeling like some type of "New Deal" while debts are inflated away, biding time for the next biz cycle to hopefully produce growth.

  • LV

    Lisa V.

    4 10 2015 01:32

    0       0

    Thank you both! Grant, you've asked in several interviews, "Where does QE lead?" Incorporating Pippa M's thoughts on the debts and social contracts gov'ts have with their citizens. The answer....

  • Ka

    Kazim a.

    26 9 2015 09:53

    3       0

    Great interview & Greater interviewer ! & good questions . I admire his style of not interrupting the interviewee .Great discipline & listning ability shown by the interviewer & outstanding questions

  • CG

    Colin G.

    6 9 2015 17:37

    3       0

    Bill is a great thinker...a bear with a great thesis and point of view from the other side. Thought provoking remarks on the USD, indeed the obvious trade may just be so wrong. Great Interview

  • lb

    larry b.

    4 9 2015 21:21

    1       0

    bill is great. i read him everyday but this was very enlightening. not afraid to be hated and mocked but i have my money with his ideas and know he will be right.

  • DH

    Dale H.

    4 9 2015 03:40

    2       0

    Just as good an my repeat viewing. Hope Bill is a guest again soon.

  • AC

    Andrew C.

    2 9 2015 05:39

    0       2

    Great Interview but inconsistent ideas!
    Gold is hated, which is why it is down & going to go up. But the current bull market is also hated. How can it go down if everybody(cafeteria guy) isn't in it?

  • FT

    Frank T.

    31 8 2015 00:57

    0       4

    If he didn't see the oil and industrial collapse, it was obvious, so too was the sub-prime, just to state the obvious. However, I've never shorted and/or know how to.

  • FT

    Frank T.

    31 8 2015 00:49

    1       6

    Yet he fails to mention that Wall Street caused thee FED to do intervention and that fiscal policy is absent. I argue his history, macroeconomics, and his pseudo ideology. The banks haven't had runs?

  • SS

    Stewart S.

    30 8 2015 23:03

    1       0

    an interesting point of view.

  • GM

    Gerald M.

    29 8 2015 20:20

    3       7

    "The Dollar is finished". Really? Easy to say but history, global monetary structure and price action suggest nothing quite so extreme. His Fed-hating dogma taints an otherwise excellent interview.

  • ED

    EUGENE D.

    29 8 2015 15:08

    1       0

    Outstanding Fleck interview

  • CD

    Colin D.

    28 8 2015 12:26

    1       0

    Great guest to have on RVTV. It is really good to get an insight into Bill's thinking

  • IL

    Ian L.

    28 8 2015 11:19

    3       0

    He is so right that most investors have only really seen rates down and stocks up which is why you need to listen to experienced guys like Bill. Great interview.

  • JC

    Joel C.

    28 8 2015 05:40

    2       0

    Guess Bill isn't dining with Larry Fink any time soon .. boom! watch out below..

  • DO

    David O.

    27 8 2015 23:38

    2       0

    Unique

  • ew

    eric w.

    27 8 2015 18:49

    0       0

    Been down so long it looks like up to me.!! Another good Real Vision interview, thanks

  • CT

    Craig T.

    26 8 2015 23:46

    3       0

    Bill didn't talk about "the markets", he talked about the nuts and bolts of the economy vs the confidence people have in the Fed and QE magic. Perception IS reality for fiat money, until it isn't.

  • BF

    Brooks F.

    26 8 2015 18:44

    4       1

    Nails it! Outstanding , straight shooter

  • SJ

    Suzanne J.

    26 8 2015 11:48

    3       0

    Another excellent commentary, especially regarding short books. Much appreciated. I am thoroughly enjoying the RVTV experience. Thanks again.

  • RA

    Robert A.

    26 8 2015 00:35

    2       0

    I got on to RV via my subscription to Bill. Have been EXTREMRLY pleased with the analysis and quality of thought with both venues! Thanks to you both.

  • JD

    Jeffrey D.

    25 8 2015 22:10

    5       0

    Fleck for President!

  • GS

    GRANT S.

    25 8 2015 05:31

    0       0

    Take away the printing press...bitcoin?

    44>54

  • rr

    roger r.

    24 8 2015 23:10

    0       0

    i don't know my way around the symbols on the screen during the interview. please explain.

  • CH

    Colin H.

    24 8 2015 09:44

    2       0

    Short insights invaluable

  • AE

    Alex E.

    24 8 2015 07:33

    6       0

    Leave it to a "Short" guru to open the door on reality! Mr. Fleck came out of retirement to play THE greatest short of all time...a sign, perhaps......

  • SB

    Stewart B.

    23 8 2015 21:40

    2       0

    Wow - so insightful, esp on discussion of people losing faith in central banks.

  • DF

    Dave F.

    23 8 2015 17:07

    2       0

    As always - Bill is spot on and articulates it well. Bravo.

  • PH

    Philip H.

    23 8 2015 14:23

    1       0

    Guys, are you getting sponsorship from Ralph Lauren? If not you should.just a thought........great interview BTW

  • LS

    Lorenz S.

    23 8 2015 10:48

    2       0

    Great interview!

  • WM

    William M.

    22 8 2015 22:23

    9       0

    Grant, you did a really outstanding job asking great questions ... and Bill has a wonderful ability to deconstruct a lot of complex issues into a clear understanding of the mess we're in. Bravo!

  • db

    don b.

    22 8 2015 18:52

    3       0

    Worth the price of admission. Although I loved the interview I was surprised that Fleck didn't mention the manipulation of gold on massive HFT fiat gold and silver bombs. It's the elephant in the room

  • CD

    Christopher D.

    22 8 2015 18:18

    4       0

    Fleck, good stuff as always. Tough to predict when confidence cracks...

  • PS

    Patrick S.

    22 8 2015 17:29

    4       0

    Definitely along the track of interviews I want to see. This weeks series along with the current market has set the stage for things to come.

  • TH

    Timo H.

    22 8 2015 17:06

    0       0

    Mmmmmm.... Common sense!

  • SS

    Sam S.

    22 8 2015 15:10

    2       0

    Crazy theory-----FED, Washington, Wall Street seem to work hard to disgrace the likes of Bill, RV TV Guests, those telling the truth and the future-----UNTIL they can't any more-------Truth is here.

  • MB

    Mike B.

    22 8 2015 12:03

    0       0

    Good points - thinks $US dollar peak was in March. Even without a rate increase, US rates are still the highest in world and he is missing the Int'l capital flows favouring $US - Good interview

  • KS

    Kathleen S.

    22 8 2015 08:23

    2       3

    Love Bill, but I don't think the people at the FED are as dumb as he thinks. They understand exactly what is happening and have rigged a market to favor 1%, US FED will be bailed out by IMF.

  • JS

    John S.

    22 8 2015 04:02

    8       0

    Always enjoyable listening to two smart people discuss complex issues

  • BC

    Bruce C.

    22 8 2015 03:21

    1       6

    Have trouble with your sound. Volume is fine, but have trouble understanding a lot of the words, its chopped up.

  • MR

    MIGUEL R.

    21 8 2015 23:24

    7       0

    brilliant! I wonder what bill thinks today, the market has be under more pressure since this interview. I hope bill becomes a regular. wish we could vote for who to have on RVTV.

  • DH

    Dale H.

    21 8 2015 22:07

    6       0

    I was so impressed last time, I enrolled in his Daily Rap and have not been disappointed. He is straight up and has taken the lessons from his years in the market and from the Feds insanity. Grt stuff

  • BJ

    Brent J.

    21 8 2015 22:07

    9       0

    regarding inflation: main reason CBs work to stoke inflation is bc the system itself NEEDS it to survive. No inflation and the whole thing comes down. inflation defends & perpetuates the status quo.

  • BJ

    Brent J.

    21 8 2015 22:01

    13       0

    great interview. I love it when super smart people have the courage to say "I don't know" as hubris has played a a huge part in the situation we are now in.

  • jd

    john d.

    21 8 2015 21:16

    3       0

    How's that for timing ... -530 on DOW. I hope BF has his shorts in place !!

  • MH

    Manuel H.

    21 8 2015 20:14

    3       0

    Thanks Bill and Grant!

  • WM

    William M.

    21 8 2015 19:33

    4       0

    Bill's comments on knowing which stocks to short being one thing but correct timing is quite another plus that market tops are a "process" not an event rings so true. Great listen, smart guy!

  • JS

    John S.

    21 8 2015 15:41

    6       0

    Brilliant, as always!

  • Hv

    Henrik v.

    21 8 2015 15:40

    8       0

    Brilliant thoughts! Very interesting point on the USD and especially gold. Thank you Real Vision.

  • CU

    Clay U.

    21 8 2015 15:35

    6       0

    Good timing on this release. How the Fed reacts to the recent downdraft and how markets subsequently react to the Fed (another V bottom?) will be extremely telling. Thanks, Bill & Grant!

  • EL

    Elizabeth L.

    21 8 2015 15:24

    45       0

    What a great understanding Bill has of the markets. Learned more than would ever learn in MBA classrooms. Grant hope you have Bill as a regular.