John Hussman
John Peter Hussman (born 15 October 1962), is an American philanthropist, economist, and hedge fund manager. Early life Hussman holds a PhD in economics from Stanford University, as well as a master's degree in education and social policy and a bachelor's degree in economics from Northwestern University. Career Academic From 1992 to 1998, he was Professor of Economics and International Finance at the University of Michigan. Investing In the mid-1980s, Hussman worked as an options mathematician for Peters & Company at the Chicago Board of Trade, and in 1988 founded his investment company, now known as Hussman Strategic Advisors. After spending much of the early-1990s as a "lonely raging bull", he became increasingly bearish in the late-1990's. He successfully anticipated the collapse of dot-com bubble, as well as the 2008–09 global financial crisis, then reversed his view about valuations after the market collapse in late-2008, declaring “U.S. stocks are now undervalued”. By September 2010, Hussman managed US$6.7 billion. However, between 2013 and 2017, he became increasingly bearish, asserting that the "quantitative easing" ("QE") and zero interest rate policies of the Federal Reserve had contributed to a “hypervalued market”, Hussman's investment performance suffered as a result, and he was labeled a