“For over 40 years Barton Biggs was the most innovative and successful investment manager on Wall Street, He was also the first ‘global investment strategist’, and one of the first to invest in ’emerging economies’. In his seventies, however, he became an extreme pessimist, foreseeing the possibility of the collapse of civilisation.  Although he did not forecast the meltdown of late 2008 he did call the bottom of the post-crash trough in May 2009. But by then he had become an ultra-pessimist. In another book, Wealth, War and Wisdom, he suggested investors should take survivalist measures against the possibility that ‘law and order temporarily completely breaks down’.”

http://www.independent.co.uk/news/obituaries/barton-biggs-global-investment-guru-noted-for-his-later-pessimism-7976699.html

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