Posted AT 8:32 AM EST on 15/08/08
Once a contrarian ...
During the bubbliest days of the Internet stock craze in the late 1990s, Barton Biggs was one of the most prominent and vocal bears on Wall Street. The then chief global strategist with Morgan Stanley was wrong long enough for a lot of investors to tune him out. But eventually he turned out to be right.
Today, the 75-year-old investment legend runs Traxis Partners, a New York hedge fund he co-founded in 2003, and remains as contrarian as ever.
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