The Solid Ground Newsletter Individual Annual Subscription


The Solid Ground Newsletter is a fortnightly newsletter written by Russell Napier, Author of the Solid Ground global macro strategy report.

Russell Napier began writing his Solid Ground global macro strategy report for CLSA in 1995. He forecast what was to become the Asian economic crisis and was voted Asia’s No.1 equity strategist in all leading polls at that time. From 1999 to 2014 he continued writing and publishing but as a consultant for CLSA and regularly appeared in the research polls. Russell is a financial historian and his work features lessons from financial history with a particular focus on trends in money and credit. His book Anatomy of The Bear (published in 2006) forecast a major correction for the US stock market and, using the conclusions of the book, he wrote a report for CLSA called ‘Finding The Bottom’ , published in 1Q 2009, that forecast that the market had bottomed. For the past few years his work has focused on the growing evidence that the world is living through a breakdown in the global monetary system and advised clients to invest for such an outcome rather than invest as if we are living in just another business cycle expansion.

Russell Napier

Professor Russell Napier is author of The Solid Ground investment report for institutional investors and co-founder of the investment research portal ERIC- a business he now co-owns with D.C. Thomson. Russell has worked in the investment business for over 30 years and has been advising global institutional investors on asset allocation since 1995. Russell is author of the book Anatomy of The Bear: Lessons From Wall
Street’s Four Great Bottoms (‘a cult classic’ according to the FT) and is founder and course director of The Practical History of
Financial Markets at The Edinburgh Business School.

Russell is chairman of the Mid Wynd International Investment Trust a closed end investment vehicle listed on the London Stock Exchange. He is a member of the investment advisory committees of two fund management companies, Cerno Capital and Kennox Asset Management.

In 2014 Russell founded the charitable venture The Library of Mistakes a business and financial history library in Edinburgh that now has branches in India and Switzerland.

Russell has degrees in law from Queen’s University Belfast and Magdalene College Cambridge. He is a Fellow of The CFA Society of the UK and is an Honorary Professor at both Heriot- Watt University and The University of Stirling. His second book which covers the events of the Asian financial crisis and the lessons to be learned from it is due to be published in summer 2021.