Bill Laggner: The Risk Of A Derivative Casino

Jim is pleased to welcome back Bill Laggner, co-founder of Bearing Asset Management. Bill believes this is the most difficult stock market in the last 30 years. He also thinks the next crisis will be different, unlike what we experienced in 2008. And as interest rates continue near historic lows, Bill warns bond investors to beware.

Bill Laggner is the Co-Founder of Bearing Asset Management. He is a graduate of the University of FL (BS in Finance with honors). Bill began in the investment industry in the late 80’s, initially as a stockbroker and then moved to the buy side at Fidelity Investments. He left Fidelity in late 1998 to manage his own investments. Bill cut his teeth on the short side during the tech bubble and after it had burst, formed Bearing with his fund partner Kevin Duffy (Bearing Asset Management) in the early part of this decade.