EDITOR'S TESTIMONIALS

MINIMAX provides original insights and analysis based on both the best investment theory and its editor-in-chief's two decades of hands-on experience as an economist and advisor to the world's largest investment and portfolio managers. Please read below a list of testimonials of our world-acclaimed editor-in-chief, Dr. H.W. Brock.

"H.W. Brock is a brilliant scholar, endowed with the gift of intellectual integrity and complete commitment to study the deeper dimensions of any problem. His ability to distinguish content from form is refreshing. Interaction with him is a source of original thinking, insight, and discovery."
- Mordecai Kurz, Joan Kenney Professor of Economics, Department of Economics, Stanford University

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"Dr. H.W. Brock has been coming to Australia and talking with me for over 20 years. He always raises questions which are not normally to be found in most of the other economic forecasting documents. Anyone who is making a decision in international business needs to ask the questions which he raises so that they do not make significant strategic mistakes. I commend your service to all senior executives in major international companies."
- Sir Roderick H. Carnegie, the former Chief Executive and Chairman of CRA   Limited and the Founder of the Australian practice of McKinsey & Company

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"Dear (H.W.) Brock, I got your review and have circulated it widely. It makes sense and explains our recent experience better than any other theory I've heard. We should spend and cut taxes in accord with it."
- Bill Clinton, 42nd President of the United States of America, written in response to Dr. H.W. Brock's 1995 memo, Resolving the US Productivity Paradox.

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"For more than a decade as part of the leadership team of the World Bank, I would always make time for a careful reading of H.W Brock's research, no matter how busy I was. I can vividly recall most of his landmark articles, especially those in which he would summarily replace the prevalent muddled thinking about an issue by stunning substitute explanations written up in the clearest prose. Over the years, I became in fact an avid fan and user of Dr. H.W. Brock's deceptively simple looking, yet in fact intellectually demanding and fearless decompositions of even the most complex puzzles of the economy and the markets... No research I know comes close." 
- Jean-Francois Rischard, Former Vice-President of the World Bank, Author

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"Your emphasis on endogenous risk is crucial and adds great power to your arguments. I wonder why so few people understand that simple idea. I read one forecast after another based on flows of funds...and want to scream back at those observers that they are way off base."
- Peter Bernstein, Founding Editor and Consulting Editor of The Journal of Portfolio Management

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"As a young man, I was told by Lord Thomson of Fleet that you have to think until it hurts before making a decision. H.W. Brock exemplifies this saying by always questioning conventional ideas and coming up with a better thought process. He makes us all think out of the box, until it hurts! Thank you for your advice over so many years."
- Paul Desmarais, Jr., CEO of Power Corporation of Canada

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"I want to congratulate you and thank you for the conference. I was impressed and proud to be there. Proud to be one of your clients for more than seven years now. What you are doing is different, thoughtful, stimulating, challenging, and inspiring. This is helping us very much to get an edge in what we do and stay ahead of the curve."
- Erik Giasson, CIO, Montrusco Bolton

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"Dr. H.W. Brock imparts powerful insights based on facts and sound critical thinking...He adds immeasurable depth to our understanding of issues and improves our decision making process that impacts the bottom-line results for our investment and business clients."
- Richie Lee, Lee Financial Corporation

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"H.W. Brock is an extremely able economist, with a very strong background in economic theory and in mathematics, but also with very broad social and economic interests. He is one of those rare people who manage to combine a first-rate analytical and technical training with a very wide cultural and humanistic education, and with a very sharp and enquiring mind...a very effective public speaker."
- John C. Harsanyi, former Professor of Economics, University of California, Berkeley, co-winner of the Nobel Prize in Economics in 1994 with the legendary John F. Nash, Jr. (celebrated in the book, A Beautiful Mind).

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"Mr. Bernanke has argued that the world is awash in a global savings glut that holds bond yields down. Nevertheless, as Dr. H.W. Brock recently pointed out in his excellent publication, a glut of saving in Asia and parts of Europe is different from a world awash in global savings. Remember the low savings rate in the U.S.?"
- Peter Bernstein, Founding Editor and Consulting Editor of The Journal of Portfolio Management

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"I have more fascinating thoughts for readers from H.W. Brock, the economist who should be required reading for those within government and outside who want to keep new Labour new and pro enterprise. Brock's essay is a brilliant piece of contrarian thinking. At a time when markets hang on every Delphic utterance to emerge from Alan Greenspan, Brock writes of the marginalization of Alan Greenspan and the overstated importance of monetary policy."
- John Jay, columnist for The London Times

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"I would like to thank you for your brilliant speech. Listening to what audience members have been telling us, your discourse contributed a lot to the general success of the whole event as you enticed many audience members to start thinking about active management in a whole new way."
- Henri Reiter, Managing Director of Fund Market, Banque du Luxembourg

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"H.W. Brock, my decision to form an investment advisory/wealth management firm is in no small part a result of the commonality of our thinking and the confirmation I have received over time about my economic views by listening to you and reading your work for over ten years.

I want to thank you for your brilliant and incisive thinking, your always unusual approach to very complicated economic issues, and particularly your ability to communicate them on multiple levels so that even those of us who are not PhDs in economics can comprehend and successfully use your ideas."
- John D. Ritchie, Great Northern Asset Management

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In commenting upon a wholly new theory of commodity price forecasting developed by H.W. Brock in the mid-1980s, Kenneth Arrow wrote: "Brock (Chapter 18) shows how the Bayesian analysis in terms of states of nature can be used to estimate distributions of future prices. He correctly holds that in behavior under uncertainty, single-valued expectations are insufficient. Further, economic analysis makes price derivative from more fundamental supply and demand factors. Hence, a true Bayesian distribution of future prices must be a transformation of the joint distribution of these basic factors."
- Kenneth Arrow, winner of the Nobel Prize in Economics in 1972, cited from a commentary on essays written in his honor appearing in Arrow and the Ascent of Modern Economic Theory, edited by G. R. Feiwel, Macmillan, London, 1987.