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Video: Shocking Repo Riviera Predictions

December 16, 2008 4:05 pm

While this is clearly a very concerning account of what may  lie ahead, there are a few interesting items that need to be considered.

  1. There is the lack of any counter argument. No matter how accurate and believable it may be, why didn’t CBS have an opposing point of view? Certainly there is someone out there that thinks that there is something wrong with these projections.
  2. Tilson’s mutual funds have not had an easy time of it lately. In fact, Tilson claims that stocks are now at the best pricing he has seen. He goes on to say that they are at bargain basement pricing and implies that we should back up the truck and essentially buy NOW. How long has he had this same idea? (see below)
  3. The ending commentary (above) by Tilson appears to contradict his basic premise. If Alt-A, option-arm and commercial real estate are going to show significant foreclosures into 2011, how can the markets, or an investor price that into any reliable model?

From Tilson’s website:

  • The Tilson Mutual Funds follow a long-term-oriented, value-based investment strategy, seeking to identify stocks that are trading at a substantial discount to their intrinsic value.  The Tilson Focus Fund seeks maximum capital appreciation, while the Tilson Dividend Fund, while also seeking capital appreciation, seeks to generate current income from dividends and selling covered calls.
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Written by Andrew Horowitz · Category(s) Markets, Stocks    |  Tags: •   

2 Responses to “Video: Shocking Repo Riviera Predictions”

  1. Alex on December 16th, 2008 11:17 pm

    Seems plausible. If I were an idiotic house flipper like the lady in the video, I’d probably be greedy and take the best deal I could get, which would be buy luxury homes along with a 5-year loan reset. Gives me plenty of time to unload the homes. Easy money, right? Ugg.

  2. Lisa on December 20th, 2008 7:32 am

    Andrew, Know you will be speaking with Mr. Peter Schiff of Euro Pacific. Ask him about this report., Shocking Repo Riviera Predictions. If you haven’t, visit his YouTube Coverage from November 13, 2006 when he clashed with Realtors’ with his predictions.

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