
Eric Fry
Editor, Fry's Investment ReportAbout Eric Fry
Eric J. Fry has been a specialist in international equities for nearly two decades. He was a professional portfolio manager for more than 10 years, specializing in international investment strategies and short-selling.
Following his success in professional money management, Eric joined the Wall Street-based publishing operations of James Grant, editor of the prestigious Grant’s Interest Rate Observer. Working alongside Grant, Eric produced Grant’s International and Apogee Research, research products geared for professional money managers.
In 2016, Eric won the Portfolios with Purpose competition — Wall Street’s most prestigious investment competition — beating 650 of the biggest names in finance with a 12-month return of 150%.
In professional circles, Eric is known for his extraordinary long-term track record, which includes numerous “10-bagger” calls, like buying Asian stocks during the depths of its late-90s currency crisis, buying Russian stocks during its debt-currency crisis, buying commodities in the early 2000s, right before their historic rally into 2007, and buying stocks in 2015 that would benefit from the Electric Vehicle boom, just at those stocks were gaining big momentum.
Eric’s record on the short side of the market is just as remarkable. He’s known for successfully shorting numerous technology stocks in 2000 and 2001, as those stocks sputtered toward bankruptcy…and for his predictions in 2005 and 2006 that the housing boom would go bust and drive government mortgage firms Fannie Mae and Freddie Mac into bankruptcy.
Eric’s views and investment insights have appeared in numerous publications including Time, Barron’s, Wall Street Journal, International Herald Tribune, Business Week, USA Today, Los Angeles Times and Money. His book, International Investing With ADRs: Your Passport to Profits Worldwide, was the first comprehensive guide to investing in foreign companies using ADRs.

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Fry’s Investment Report will prepare you to survive — and thrive — in any market. In it, Eric Fry looks for big-picture trends that drive huge, multiyear moves in entire sectors of the market. Then he shows his readers the right stocks... at the best prices.
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The Speculator uses Eric Fry’s proprietary system to spot global megatrends, just as they begin to unfold.
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Recent Articles
Bond Markets Are Warning Us of Potential Troubles – Here’s How You Can Profit
Today, Tom shares how you can financially prepare for the disorder to follow from Moody's recent downgrade, including a once-in-a-generation investment opportunity that’s part of a trend that’s here to stay… regardless of how angry our financial system’s Cerberus becomes.
Your Biggest Questions About AGI – Answered
Since AGI is a development that I have been keeping a close eye on here at Smart Money – and one I will continue to monitor – I wanted to answer a few of the most-asked question about the technology that I have received.
A 10-Square-Mile AI Superhub Is Rising in the Desert – and AGI Stocks Could Soar
OpenAI will help develop a massive new data center in the UAE. This new data center will cover 10 square miles and use as much power as around five nuclear reactors, making it potentially one of the largest data centers in the world.
What Henry Ford’s Farm Tractor and AI Have in Common
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Buy Stocks in These 3 Categories – or Get Left Behind
A company’s relationship with AGI is the lens through which investors now must view all stocks. And the companies that hope to survive and thrive must adopt and integrate AI technologies as quickly as possible. Those that fail to do so will perish… and time is of the essence. AGI is when AI achieves human-level intelligence and can perform tasks all on its own. This technology is coming. In fact, OpenAI CEO Sam Altman said in January that the company already knows “how to build AGI.” For investors, this changes everything. A company’s relationship with AGI is the lens through which investors now must view all stocks. And the companies that hope to survive and thrive must adopt and integrate AI technologies as quickly as possible. Those that fail to do so will perish… and time is of the essence. That is why I’ve developed a three-step process for finding companies that will survive and thrive on The Road to AGI… and I’ll show you those three steps today.
Why Understanding AGI Now Could Be Your Most Profitable Decision
Soon enough, artificial narrow intelligence (ANI) will start looking a lot more like what experts in the field call “strong” AI – or artificial general intelligence (AGI). So, today, I’ll break down exactly what AGI is… and where we are on the Road to AGI. Then, I’ll show you how you can turn its imminent arrival to your advantage.
Why This Precious Metal Is Your Best “Bet on Disorder” Right Now
Today, let’s take a look at why gold is a “bet on disorder.” And while many investors may rush to buy physical gold or gold stocks, there is a more powerful way to capitalize on this golden opportunity – one that multiplies your returns.
Don’t Miss Out: AI Agents Are Becoming Tech’s Next Battleground
AI agents are able to handle the sort of tasks performed by personal assistants or customer service agents… and they can do so without the constant help of human hands. And let me tell you: Agentic AI is here, and it’s moving fast.
No Rate Cuts? No Problem. This Tool Finds Winners Anyway
Stocks just endured one of the fastest and most violent crashes in modern history. But then came the biggest comeback rally in the past 100 years. And Luke Lango believes that momentum is building.
Too Good to Be True? Why One of Eric’s Picks Actually “Has It All”
Everyone knows that 1) high growth, 2) high-profit companies bought at 3) low prices are the key to success. But it’s hard to find “triple threats” that combine these three things into a single package. However, Eric recently recommended to his Fry’s Investment Report members a company that embodies all three criteria.