Jim Rodgers has been bearish on the stock market since the 1980s and how well has that prediction worked out? The stock market has been a tremendous engine for wealth accumulation over that time. People who constantly predict economic collapse are tiresome, and it's very much a case of the boy who cried wolf. Jim Rodgers isn't the worst of them, but because there are so many of them, his predictions can mostly be lumped in with them. The bearish sentiment on the stock market has to be viewed as a black mark, even though his own fund handily outperformed. Outperforming something doesn't make the other thing a bad investment. The stock market has been an excellent investment since the 1980s.
This is an interesting point. About constantly predicting economic crash. Not many of those investors are on the top ten list. What I have found is that the top ten list is full of people who are either A) Critical yet optimistic, and B) sometimes very quiet about their successes. Not often you hear someone like Warren Buffett bad mouthing a bunch of companies or stocks.