Carried Interest Chat on Fox Business News

Carried Interest Chat on Fox Business News

April 15, 2014 Uncategorized
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(Last Updated On: January 18, 2017)

A few months ago we did a post on avoiding predictions associated with highly confident experts.

A quote from my own blog post:

Expect the unexpected. Avoid highly confident predictions. Follow the model.

And of course, today, yours truly was on with Fox Business News with Deirdre Bolton.

Let me also point out that I made a highly confident prediction–“10 out of 10”–that carried interest would be eliminated in the next 5 years. I based this ridiculously precise prediction on the threats from the current administration:

http://www.treasury.gov/resource-center/tax-policy/Documents/General-Explanations-FY2014.pdf

From the source...
From the source…

 

See our post on “Tax Party–And Everyone is Invited” for a detailed discussion.

10/10? 

Avoid highly confident predictions–including my own. But hey, I do think there is a better than 50% chance the party will end with carried interest. Only the future will reveal what happens.

www.foxbusiness.comon-airrisk-and-rewardindex
Click to hear a bold, highly confident prediction…

Tweet the video–want to get on their trending videos and be famous for a day. Come on, I need something to ease the pain of paying my taxes this year!


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About the Author

Wesley R. Gray, Ph.D.

After serving as a Captain in the United States Marine Corps, Dr. Gray received a PhD, and was a finance professor at Drexel University. Dr. Gray’s interest in entrepreneurship and behavioral finance led him to found Alpha Architect. Dr. Gray has published three books: EMBEDDED: A Marine Corps Adviser Inside the Iraqi Army, QUANTITATIVE VALUE: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors, and DIY FINANCIAL ADVISOR: A Simple Solution to Build and Protect Your Wealth. His numerous published works has been highlighted on CBNC, CNN, NPR, Motley Fool, WSJ Market Watch, CFA Institute, Institutional Investor, and CBS News. Dr. Gray earned an MBA and a PhD in finance from the University of Chicago and graduated magna cum laude with a BS from The Wharton School of the University of Pennsylvania.


  • Mike Moore

    Hi Wes

    I loved your book and I particularly admire the fortitude and honesty you display in ignoring the political correctness police in regards to your complimentary remarks regarding Mrs. Bolton.

    I, too, share your concerns about carried interest. Sadly, “the” (as opposed to “our”) federal government will do anything they think they can get away with to convert our money to their money. Much like in Orwell’s ANIMAL FARM, Lincoln’s government “for the people” has been transformed to a government “for SOME of the people”, the “some” being leftist politicians and their cronies and indentured supporters.

    Semper Fi and keep up the good work,

    Mike Moore