I am not going to spend a lot of time defending John Hussman, but a more detailed response is appropriate. Clearly he is well respected, and criticized for his view at the same time. It would be clearly wrong to come to the conclusion that Hussman has not admitted to his mistakes or is dishonest. I find him far more forthright and free with his beliefs in comparison to Wall Street. He has discounted his fee in recent years with his poor performance. I first posted his commentary, because I found it interesting, well written, published weekly at the time, and not what you get from traditional financial media.
My investment in HSGFX came more as a flyer as a response to the Troll continuing to give me a hard time. “Why don’t you buy it for your clients?” My former firm Morgan Stanley has sales agreements with fund managers, and most that fall into the no-load category like HSGFX are not allowed onto the platform. Anyway, my first investment in HSGFX was the month after my retirement. I enjoy managing my own money, rolled all my accounts to Fidelity. Said to myself, I think he has the right view on the market. I believe my first initial purchase was in November 2020, added to it periodically at market high points. Currently have sufficient dollars in the fund that I have no plans to add. HSGFX has performed well since the manager changed his response to monetary policy beginning 2017. The fund was up 8+% in 2018, and like 2020, and this year one of the top in its category.
In regards to @newriverinvest it appears they have a history of nasty Tweets, and from what I can see nothing in the way of professional reputation that matches Hussman. On cursory inspection when I was in the business I had double the AUM . Anyway, enough on this from me.