I has been blessed with the wisdom from some incredibly talented and insightful individuals over the years, and John was in the top tier. It was always an event to discover one of his more intricate posts and generally required another cup of coffee while dissecting it. He never disappointed.
Often, it took me more than a cup of coffee to wrap my head around some of his more comprehensive posts. He would challenge us with detailed histories, as well as current market dynamics.
Of the many issues discussed here, the CDOs and all the factors leading into the 2007/08 real estate implosion were pointed to years before the peak.
I know of one very sad story of someone who called me crying both times, when BS and Lehman collapsed. I had explained what was being discussed and pointed out on this thread. I talked to him at least 6 months before any of the turmoil started. He completely dismissed the possibilities at that time. He was in the mortgage industry and had leveraged everything he had to the hilt, as he was convinced that the good times would continue for years to come.
Later, through the tears, he said I was the only one in his world that had even mentioned the problems facing the industry early on, and on the second call he explained how the world was collapsing around him (and it eventually led to him taking his own life). I pointed out that I couldn't take credit for this, other than to be the person who tried to pass on this knowledge.
JP wasn't always accurate with his calls but rarely, if ever, failed to back up his positions with data, charts and other's views who he respected and thought worthy of presenting.
I have missed his content and posts for a long time! |
