Archive for September, 2013

THE “MIRAGE” RECOVERY Transcript 9/27/2013 #1014

September 30, 2013

CONSUELO MACK: This week on WealthTrack, why everything is not what it seems in the global markets. First Eagle’s Matt McLennan believes the market’s return to normalcy is a mirage, requiring extra care and caution for investors. He tells us where he is finding investment oasis next on Consuelo Mack WealthTrack.

Hello and welcome to this edition of WealthTrack, I’m Consuelo Mack. Five years after the collapse of Lehman Brothers in 2008, how confident do you feel about the stability of the global financial system? Do you believe that the problems that caused the financial crisis have been solved? Are we in danger of another one?

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September 27, 2013

What’s the hardest part of Matthew McLennan’s job as head of Global Value and portfolio manager at First Eagle? Finding time to think. He explains how he does it.

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September 27, 2013

Is the financial crisis really over? Are we in danger of another one? In a recent speech, Hank Paulson, the Secretary of the Treasury during the crisis said yes, we are still in danger and that “there are a number of issues that trouble and in some cases flabbergast me.” Our guest this week, Matthew McLennan, is in complete agreement. McLennan, whom we have identified as a Next Generation Great Investor, runs the five-star rated First Eagle Global Fund, which he took over from legendary value investor Jean Marie Eveillard five years ago in the midst of the financial crisis. McLennan calls the widely believed “return to normalcy” that we are experiencing a “Keynesian mirage.” Continue Reading »


September 27, 2013

The syndicated radio program, “On The Money” interviewed Consuelo this week and you can hear what she said here. The host, Steve Pomeranz, asks Consuelo about the anticipated rise in interest rates, the reasons for the bond market’s strong reaction to the “taper caper” and the importance of looking at the whole macro picture before digging down to find the right company in which to invest.

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September 27, 2013


Avoid Investment Losses Rules:

– Buy quality companies selling at deep discounts

– Invest with shareholder friendly managers

– Keep some insurance in the form of cash and gold for portfolio protection

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