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.
The Asian Financial Crisis 1995–98: Birth of the Age of Debt by Russell Napier
In this economic crisis hundreds of people died in rioting, political strong men were removed and hundreds of billions of dollars were lost by investors.
This crisis saw the US dollar value of some Asian stock markets decline by ninety percent. Why did almost no one see it coming?
The Asian Financial Crisis 1995–98 charts Russell Napier’s personal journey during that crisis as he wrote daily for institutional investors about an increasingly uncertain future. Relying on contemporaneous commentary, it charts the mistakes and successes of investors in the battle for investment survival in Asia from 1995–98.
This is not just a guide for investors navigating financial markets, but also an explanation of how this crisis created the foundations of an age of debt that has changed the modern world
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 (now available in an Executive Education online version www.didaskoeducation.org).
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 three fund management companies, Cerno Capital and Kennox Asset Management and Bay Capital.
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 was published in July 2021.