Eric J. Fry has spent just about his entire career in the world of investing, but it took a few turns to get there.
He didn’t come out of Harvard Business School.
And he didn’t start his career at Goldman Sachs or one of the other big firms.
Instead, he graduated with a comparative literature degree from UCLA.
And, as you might expect from someone with a comparative literature degree, his first jobs out of college were at a beachfront restaurant in Malibu, and then at the Hard Rock Cafe in Beverly Hills.
But during his “restaurant career,” he started studying the markets – and came up with the strategy that helped him launch a 30-year investment career.
Soon, Eric was professionally analyzing investments in Monte Carlo.
He spent seven years as a hedge fund analyst/manager in San Francisco and New York.
While in New York, Eric joined the Wall Street-based publishing operations of James Grant, editor of the prestigious Grant’s Interest Rate Observer. Working alongside Grant, Eric produced Grant’s International and Apogee Research, research products geared toward professional money managers.
Eventually, Eric moved on and started working with Bill Bonner, another legend in the financial research business. Bonner is the majority owner of Agora, one of the largest independent research outfits in the world. together, they wrote some of the most widely read (and profitable) financial analysis in the world.
In professional circles, Eric is known for his extraordinary long-term track record, which includes numerous “10-bagger” calls, like buying Asian stocks during the depths of the late-90s currency crisis… buying Russian stocks during its debt-currency crisis… buying commodities in the early 2000s, right before their historic rally into 2007… and buying stocks in 2015 that would benefit from the electric vehicle boom, just at they were gaining big momentum.
Eric’s record on the short side of the market is just as remarkable. He’s known for successfully shorting numerous technology names in 2000 and 2001, as those stocks sputtered toward bankruptcy… and for his predictions in 2005 and 2006 that the housing boom would go bust and drive government mortgage firms Fannie Mae and Freddie Mac into bankruptcy.
In 2016, he won the Portfolios With Purpose stock-picking contest – Wall Street’s most prestigious investment competition – beating 650 of the biggest names in finance with a 12-month return of 153%.
These days, Eric trades and invests in the markets from his office overlooking the ocean in Laguna Beach, California. From there, he continuously monitors and analyzes macroeconomic trends throughout the world, trying to uncover major investment opportunities.
Eric’s views and investment insights have appeared in numerous publications including Time, Barron’s, Wall Street Journal, International Herald Tribune, Business Week, USA Today, Los Angeles Times, and Money. His book, International Investing With ADRs: Your Passport to Profits Worldwide, was the first comprehensive guide to investing in foreign companies using ADRs.