Doug Casey Net Worth, Wiki, Bio, Business Ventures

What is Doug Casey's net worth and background?
Courtesy of CaseyResearch.com.

 

This Wiki-style bio will cover Doug Casey’s background, his firm Casey Research, and his net worth.

 

Who Is Doug Casey?

Douglas “Doug” Casey is an American speculator, investor, and author. He is the founder of financial research firm Casey Research.

Casey’s written works – most notably, Crisis Investing – have sold hundreds of thousands of copies and have received universal acclaim from readers.

Casey calls himself an “anarcho-capitalist”, according to The New York Times. According to The Washington Post, he is the son of multimillionaire landowner and developer Eugene B. Casey.

Casey has traveled extensively, having lived in 10 countries and visited over 175, according to his bio on the Casey Research website. Currently, he spends much of his time at La Estancia de Cafayate near Salta, Argentina.

 

Doug Casey Bio And Background

Doug Casey graduated from Georgetown University in Washington where he was a classmate of former US President Bill Clinton, The New York Times writes.

Casey told Forbes that “as a lad”, he originally wanted to learn about paleontology (the study of prehistoric life), which led to his interest in geology and sciences as a whole. By college, Casey had become interested in economics. He added:

I got started in investing with a combination of economics and science. And of course, the science part is helpful for looking at mining stocks.

Crisis Investing ­– one of the most popular works of Casey – was published in the late 1970s. In this book, Casey forecasted the recession of the 1980s and provided advice for investment during recessions.

According to the Casey Research website, Crisis Investing spent several weeks as #1 on The New York Times bestseller list and became the best-selling financial book of 1980 with 438,640 copies sold.

Casey’s next book, Strategic Investing, received the largest advance ever paid for a financial book at the time, the Casey Research website states.

Over the following decades, Casey has authored several other books, including Crisis Investing for the Rest of the 90s (1993) and Right on the Money: Doug Casey on Economics, Investing, and the Ways of the Real World with Louis James (2013).

Casey has also co-authored the High Ground novel series with John Hunt. This series includes Speculator (2016), Drug Lord (2017), and Assassin (2020).

 

Casey’s Investment Approaches

Doug Casey calls himself a contrarian, according to The Washington Post. He believes in investing “when there’s blood in the streets.”

The best opportunities are created by the stupidity of governments. I rely on the stupidity of government for my investing. There are 200 countries in the world and most of them are run by people even stupider than the ones who run our government.

As a speculative investor, Casey thinks that “you should not make an investment unless you see the potential for it to go up at least five to one. And you shouldn’t do anything unless the odds are at least five or 10 to one in your favor.”

Forbes writes that Casey considers it important for investors to have broad knowledge.

I’m talking about science, technology, history, almost all area of human endeavor. You can add geography into that. You have to read extremely broadly.

Casey cited his attempts to import luxury sports cars into the US in the 1960s as an example. At the time, the prices of used cars in Europe were low due to a small middle class. In the US, car prices were higher.

Casey said that he wouldn’t have been aware of this possibility if he hadn’t been interested in cars.

You’ve got thousands and thousands of public companies out there all trying to create some kind of widget. To try and invest in these things, without knowing something about science and technology, you’ll be totally lost. It’s hard enough even if you’re a specialized expert in the field. The same is true of exploration and mining companies.

Casey considers commodities, such as gold and silver, good investments, though they are no longer bargains due to their high prices. He regards gold and silver as “places to put aside wealth so it won’t dry up and blow away”, unlike dollars that “are just floating abstractions” and whose intrinsic value is zero, according to Casey.

 

Doug Casey’s Casey Research

Casey Research memberships.
Courtesy of CaseyResearch.com.

 

Casey Research is an investment research firm that aims to help self-directed investors “earn superior returns through innovative investment research designed to take advantage of market dislocations.”

Casey Research offers free and paid resources to assist investors with their investment decisions:

  • Casey Daily Dispatch, which is the free online blog of Casey Research.
  • The Casey Report, the flagship financial newsletter of Casey Research. Led by Casey and his colleague Nick Giambruno, The Casey Report is a monthly investment advisory newsletter that contains investment ideas and covers investment trends.
  • Crisis Investing, where Nick Giambruno introduces subscribers to “hated, misunderstood, or forgotten assets.”
  • International Speculator, where David Forest covers undervalued explorers and mining stocks around the globe.
  • Strategic Investor, where David Forest covers shifts in investment opportunities.
  • Strategic Trader, where John Pangere covers investments not known to the masses.

There is also Casey Platinum that offers lifetime access to the paid services listed above. Casey Platinum costs $12,500, while standalone memberships range from $199 to $4,000 per year.

 

What Is Doug Casey’s Net Worth?

Doug Casey’s net worth is unknown, but it reportedly is in the millions or tens of millions, according to unconfirmed online sources.

Casey’s books – most notably, Crisis Investing – have sold hundreds of thousands of copies. In August 1980, The Washington Post wrote that Crisis Investing was on its way to grossing $3 million.

 

Doug Casey Online Presence And Publicity

Doug Casey hosts the Doug Casey’s Take podcast where he interviews prominent investors and covers recent and notable economic trends.

 

Doug Casey has been interviewed by numerous individuals including George Gammon, Andrew Henderson, and Robert Kiyosaki.

 

Conclusion

To find out more about Casey and Casey Research, visit the firm’s website here.

 

 

 

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