Hugh Hendry at LSE AIC 3/5 - 'the Yen could appreciate greatly..also..the dollar could appreciate'

Hugh Hendry of Eclectica Asset Management (http://www.eclectica-am.com/) spoke at LSE's Alternative Investments Conference (http://www.lseaic.com/) earlier this year (see full original video here http://vimeo.com/29879763). In particular he spoke about his views on currencies; 'I think the Yen could appreciate greatly, I also think the dollar could appreciate greatly... you actually create a shortage of yen and dollars in an environment where asset prices are falling... that's all a precursor to then wanting to buy One-Touch Nikkei calls at 40'000, 50'000, 60'000...'.

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[mason72518]

@utubesqueeze Then you are not a trader.

[optionsupdate]

@utubesqueeze he seems too smart for that, he has been trading for a long time, at least 13 years .

[hela113]

brilliant statement @ 4:13

[utubesqueeze]

Then again, his statement of

"There's an envelope in the future, that has my 10-year annual compound growth rate, there's an envelope that has my 15-yr, and my 20-yr... and I'm desperately intruiged as to what the number is on that envelope. Because *that* will determine my impression of who I am"

is both interesting and slightly revolting to link your self-image to the market. Compound that with his natural worrying nature and you may be setting yourself up for a nasty fall one day

[utubesqueeze]

"If you're not a hostage to your errors, the future is rather promising." - couldn't agree more.