I also noted the anomaly, and tragedy, that while investors idolize Buffett, many tend to do exactly the opposite of what he advises—and that applies to acting on the advice of forecasters such as John Hussman.

John Hussman runs the Hussman family of mutual funds. He’s also a former professor of economics and international finance at the University of Michigan, and has a Ph.D. He’s perhaps best known for his persistent criticism of the U.S. Treasury and the Federal Reserve. Since late 2009, he has been calling for another financial crisis due to bad policy choices made by the U.S. government.

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