Biography - Bill Fleckenstein

William A. Fleckenstein is president of Fleckenstein Capital, a money management firm based in Seattle. He writes a daily Market Rap column for his Web site,, as well as the popular column Contrarian Chronicles for MSN Money.

I began writing my daily column on the Internet in 1996. Initially, the Market Rap was a daily recap of market events, with an added "Yes, but..." emphasis. I quickly learned that the contrarian viewpoint was often misrepresented and under-reported. Since then, my daily column has always called it like I see it. I've tried to write the column in a way that even the novice investor can understand. I believe it's better to teach someone how to fish, rather than just give them an occasional fish.

When you subscribe to, you get my daily column, an "Ask Fleck" Q&A section, and any other resources I may post. Subscription cost is $120 per year.

For a sample of my work, you can view the free weekly MSN column, a less-detailed summation of the topics covered in the daily rap. The MSN column is posted every Sunday night.

— Bill Fleckenstein   

Greenspan's Bubbles : The Age of Ignorance at the Federal Reserve

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