Mr Fleckenstein thinks the authorities’ tactics are eventually doomed to failure.

弗莱肯斯坦认为，管理部门的战术终将失败。

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At the time of publication, Bill Fleckenstein owned gold bullion and gold futures.

本文发表的时候，比尔·弗雷肯斯坦持有金砖以及黄金期货。

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Things are rather different for Bill Fleckenstein, who runs a hedge fund at his firm, Fleckenstein Capital.

比尔·弗莱肯·斯坦(Bill Fleckenstein)就不一样了，他在自己公司弗莱肯·斯坦资金管理公司(Fleckenstein Capital)管理对冲基金。

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Chart taken from the book Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve, by William A. Fleckenstein with Frederick Sheehan.

FORBES: Magazine Article