I don't know who needs to hear this today, but most Economists--especially the famous ones--have mid-to-terrible investment track records.
Choose carefully to whom you listen.
Discussion
Sure, your thesis works in practice . . .
But does it work in *theory?*
Ya, but they made a lot of money in fees!
In that vein, I think the commonly pushed strategy of just buy a broad based index fund automatically in your employer sponsored 401k (basically the Dave Ramsey and John Bogle sermon), has probably been good for individuals in that they have a predictable rate of return and encourages saving, but has been terrible on the aggregate scale, because it has led to terrible misallocation of capital to public companies that shouldn’t warrant it
"Those who can, do. Those who can't, [pretend they can on TV]".
I have noticed a pattern among "famous" academics, i.e., the ones that appear on TV and on podcasts all the time: They usually appear to be pedaling nonsense; Keynesian economics in the case of economists, bad health advice in the case of medical specialists, deterministic materialism in the case of physicists, the list goes on.
I’m ever more convinced engineers and doctors make the best economists
As an economist, I don’t feel offended! 🫡
One has to question whether their objective is wealth preservation or system preservation.