Gary Shilling, president of A. Gary Shilling & Co. may be the economist investors most love to hate. They love him because he is right, but they hate him because he has long been the bearer of bad news.

So who is this controversial man? In this video (below), we see the personal side of Gary Shilling. He talks about his childhood and how his parents influenced him. He explains that despite his reputation, he has been, in the past, a Wall Street bull. And he gives some advice about how investors, at various stages of their lives, should now be preparing for a decade ahead of sluggish growth.

Shilling is worth listening to. Since early 1999, when stocks were approaching all-time highs during the Internet boom, Shilling was calling for a bear market. At the time, things looked good as shares of popular holdings such as Microsoft (MSFT), Amazon.com (AMZN) and Intel (INTC) were reaching new highs, so investors didn't want to listen. But many wished they had as stocks plummeted in 2000.

Later, before the subprime mortgage collapse, Shilling connected the dots and warned investors about the coming collapse. He went on to predict that the collapse wouldn't be an isolated one, but that it would lead to a recession and to further weakening of the economy.

Shilling's track record actually goes back as far 1969 when he predicted the 1969-1970 recession and to the early 1970s, when he warned of the upcoming global recession of 1973-1975.



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