Venerated Voices™ Q3 2022 Rankings

by Jill Mislinski, 10/31/22

Advisor Perspectives, a leading publisher and ranked as the #1 eNewsletter for financial advisors by Erdos & Morgan “FAMOUS” Study (2019-2022) has announced its Venerated Voices™ awards for commentaries published in Q3 2022. Rankings were issued in four categories (minimum of four posts annually): The Top 25 Venerated Voices™ by Firm and Author, the Top 10 Venerated Voices™ by Commentary, and a new category, The Top 25 Venerated Voices™ by Firm and Author by Count (minimum 12 posts annually).

Advisor Perspectives is now part of VettaFi. The acquisition was announced on October 20.

The most popular topics in Q3 2022 among all commentaries related to rising inflation, an impending recession, bubbles in asset markets, and the consequences of bear markets.

Leading the Top 25 Venerated Voices™ by Firm category was Sitka Pacific Capital Management of Washington State, followed by Oaktree Capital Management of Los Angeles. In third place was Hussman Funds of Maryland.

Among individual commentators, the most-widely read was Jeremy Grantham of GMO. In second place was Brian McAuley of Sitka Pacific Capital Management followed by Howard Marks of Oaktree Capital Management.

The most-widely read commentary of Q3, published on September 1st, was Entering The Superbubble's Final Act by Jeremy Grantham of GMO. In it, Grantham wrote that we are in a superbubble that is following an eerily similar pattern to other prior superbubbles. Major long-term issues like climate change, demographics, and food supply have become more relevant short-term issues that affect GDP, inflation, and growth. Additionally, the combination of overvalued asset classes, like housing, stocks, and bonds, paired with an energy demand surge will cause the bubble to burst.

The Illusion of Knowledge took second place. It was written by Howard Marks of Oaktree Capital Management and was published on September 16th. Marks reiterated his long-held opinion that macro forecasts are rarely helpful in an investment environment. He wrote that forecasting models “cannot replicate something as complex as an economy,” which is especially true regarding extreme low-probability events. Marks used the Phillips curve as a prime example of a model gone wrong after 60 years of use. He firmly stated his belief that economies and markets are not deterministic.