Carried Interest Chat on Fox Business News

/Carried Interest Chat on Fox Business News

Carried Interest Chat on Fox Business News

By | 2017-08-18T17:08:19+00:00 April 15th, 2014|Uncategorized|2 Comments

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:

Wes Gray
After serving as a Captain in the United States Marine Corps, Dr. Gray earned a PhD, and worked as a finance professor at Drexel University. Dr. Gray’s interest in bridging the research gap between academia and industry led him to found Alpha Architect, an asset management that delivers affordable active exposures for tax-sensitive investors. Dr. Gray has published four books and a number of academic articles. Wes is a regular contributor to multiple industry outlets, to include the following: Wall Street Journal, Forbes, ETF.com, and the CFA Institute. 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