Economist, Reagan Economic Plan Architect,
Bush Administration Advisor, Author,
and Economics Contributor to CNBC
Dr. John Rutledge was one of the principal architects of the Reagan economic plan in 1980-81 and adviser the Bush White House on tax policy and Gulf issues. Dr. Rutledge is Chief Investment Strategist at SAFANAD, a global principal investment firm in New York, London, and Dubai. Prior to SAFANAD, he was the Chairman of Rutledge Capital, a private equity investment firm. Dr. Rutledge is also Economics Contributor for CNBC, and Professor of Economics at Claremont Graduate University. He sits on a number of boards of directors for public and private companies. Dr. Rutledge is Honorary Professor at the Chinese Academy of Sciences and Chief Adviser for Finance and Investment to the Governor of the Haidian District in Beijing, the home of China’s major universities and the center of venture capital activity in China. He is Chairman of Tara’s Kids, a non-profit organization that builds libraries and computer centers for schools in remote villages in China, Tibet, and elsewhere.
Dr. Rutledge has an active lecture practice, giving talks on global economics, capital flows, financial markets, investment strategies, the impact of technology on the economy, and strategies for owning and growing the value of a business. After tours of duty in both academics and government policy, he has started, run, chaired, owned and harvested dozens of companies, and has managed money in both mutual funds and private equity.
Dr. Rutledge first introduced his Asset Market Shift framework for analyzing capital markets in the Wall Street Journal in the 1980s. Initially controversial, the framework, in which interest rates and other asset prices are determined by private arbitrage behavior between financial and tangible assets applies theoretical work drawn from non-equilibrium thermodynamics to portfolio management. Dr. Rutledge uses the framework to track asset market shifts and develop strategies that attract capital and build wealth, bridging the gap between macroeconomic analysis and portfolio management. Over the past twenty years, he has used this framework on economic analysis, asset allocation, portfolio selection, business strategy, restructuring, acquisitions and divestitures. Dr. Rutledge advises institutional and individual investors how to structure portfolios to take advantage of opportunities created by a temporary divergence of prices from Intrinsic Value. His many advisory and speaking clients include governments, corporations, and financial institutions around the world.
Media Appearances and Publications
When not traveling the globe, Dr. Rutledge appears weekly on CNBC shows including Squawk Box, Squawk on the Street, Street Talk, Fast Money, Closing Bell, and CNBC Asia. Dr. Rutledge wrote the Business Strategy column for Forbes for more than a decade and writes for Forbes.com. He also authors the Rutledge Blog on economic and technology issues. Dr. Rutledge is the author of the 2007 U.S. Chamber of Commerce study on the economic impact of the proposed carried interest tax and one of the principal authors of the 2005 U.S. Chamber of Commerce study on telecom reform. He has also written three books—Rust to Riches, A Monetarist Model of Inflationary Expectations, and Lessons from a Road Warrior—and hundreds of articles for The Wall Street Journal, The American Spectator, China Daily, Barron’s, Forbes, Fortune, The National Review, The Financial Times, U.S. News and World Report, Business Week, and other publications. He testifies frequently before Congressional Committees and has advised government officials in the United States, United Kingdom, Ireland, China, Saudi Arabia, Kuwait, and North Korea.
Dr. Rutledge began his career as a professor of monetary economics, international finance and econometrics at Tulane University and Claremont McKenna College. In 1978, Dr. Rutledge founded the Claremont Economics Institute, an economic advisory business in Claremont, California. He holds a BA from Lake Forest College and a PhD from the University of Virginia. He divides his time between New York, Newport Beach, Maui, Dubai, and Beijing.
Lessons from a Road Warrior
How I fell off a horse, earned 15 million air miles, got sand in my shoes and learned how to invest. For years, Dr. John Rutledge has traveled the world advising governments, corporations, pension funds and individual investors on how to create, grow and manage wealth. In Lessons from a Road Warrior, Dr. Rutledge traces the development of his ideas from his boyhood lessons in Winthrop Harbor, Illinois, to his easy-to-understand thermo-economics framework for investing that shapes the way he sees the world today. He uses this thermodynamics-based framework to help the reader understand the important economic, financial and political forces that shape our lives and determine the value of our homes and stock portfolios.
Economic and Financial Outlook
Dr. John Rutledge discusses the outlook for growth, examines the political risk of current global politics, and the impact of the new tax policy on business, economy, markets.
Once you’ve examined all your options, the next question is what to do about it. In this session, John outlines the strategy for a $10B portfolio and including how to structure a private equity portfolio for this environment. He discusses expected returns, risk, leverage, exit multiples, and the key skills related to operating and restructuring, that are required to succeed in these conditions.