|
Robert Prechter - Libertarian |
|
 Find
out YOUR political position -> |
|
 Robert
R. Prechter, Jr., is one of the most successful, respected, and controversial
financial advisors of our times. He's been publishing financial market
commentary since 1976, and his financial writings have won numerous
awards for accuracy and insight.Prechter is the world's leading expert on the Wave Principle of economic and financial forecasting, which is based on observation of patterns of investing that go back for centuries. The Wave Principle provides a basis for analyzing investor psychology -- which, Prechter says, moves in natural patterns of optimism and pessimism -- to forecast the future performance of financial markets. Prechter has written 13 books on finance and investing, including Elliott Wave Principle: Key to Market Behavior (1978) with A.J. Frost, which correctly predicted the post-1982 stock market boom, and Conquer the Crash: You Can Survive and Prosper in a Deflationary Crash and Depression (2002), which was a New York Times best-seller. He also writes a monthly forecasting publication, The Elliott Wave Theorist. In 1989, the Financial News Network (now CNBC) named Prechter "Guru of the Decade" for his forecasting successes. In 1999, he received the Canadian Society of Technical Analysts' first annual A.J. Frost Memorial Award for Outstanding Contribution to the Development of Technical Analysis. And in 2003, Traders Library, one of the nation's leading investment book distribution companies, named him to its Hall of Fame. Fortune magazine has called him "the champion market forecaster." In 2004, Prechter created a new benchmark for global investing, called the Stable Currency Benchmark™. It offers a stable measure of global purchasing power against which to compare markets, indexes, and currencies. He created the benchmark using a basket of currencies (Swiss franc, Singapore dollar, New Zealand dollar, U.S. dollar), selected to provide net stability. Prechter's current main interest is socionomics, a new social science that applies the Wave Principle to social trends. He has written two books, The Wave Principle of Human Social Behavior and the New Science of Socionomics (1999) and Pioneering Studies in Socionomics (2003), which examine the science behind man's psychological patterns. Prechter has also created the Socionomics Foundation, an organization that supports academic research in socionomics. He has made presentations on his socionomic theory to MIT, the London School of Economics, Georgia Tech, and academic conferences. Philosophically, Prechter is outspoken in his support for free markets. For example, Prechter has said: • "It is dangerous to entrust any service crucial to survival to a statutory monopoly or government regulation." -- Conquer the Crash (2002) • "A free economy is the best economy, and anything that the government does always provides a result that hurts the economy in the long run." -- Financial Sense Newshour (June 1, 2002) • "Paper money created by a state ... is always doomed to depreciate to worthlessness because of the natural incentives and forces associated with government. The only sound monetary system is a voluntary one. The free market always chooses the best possible form, or forms, of money." -- At the Crest of the Tidal Wave (1995) A Yale graduate, Prechter is president of the Gainesville, Georgia-based Elliott Wave International (EWI), the world's largest independent market forecasting company, which he founded in 1979. Its technical analysts cover stock markets, bonds, energy markets, commodities, metals, and currency markets all over the world for institutions and individuals. Visit Bob Prechter at www.ElliottWave.com or www.Socionomics.net. |
|
| Quotable "The Left outlaws guns; the Right favors prohibition. The Left takes more of your money; the Right restricts your right to marry whom you want. Both sides restrict your access to medicine, jobs, property, imported goods, tobacco, and a thousand other things. Both sides -- against the advice of Founding Fathers Washington, Adams, and Jefferson -- want to send your kids to foreign lands to fight other people's wars." -- Robert R. Prechter, Jr., The Elliott Wave Theorist (May 2004) |
|
|
Home
| Library |
Publications |
Programs | Celebrities
| Quiz
| Store
| Search |
About us |
Donate |
Contact Us |
|
Contents copyrighted © The Advocates for Self-Government,, a nonprofit 501(c)(3) educational organization. Donations tax-deductible in U.S. All rights reserved. |