Opinions on Benner Cycle?

What's your take on Benner Cycle? Despite being an advocate of the random walk hypothesis, it's interesting to see how this guy (a farmer btw) came close to predicting the 1929 panic, 1999 dotcom bubble, and 2019 covid crisis. 2007 even being a "good year" to sell assets. FYI he made his predictions in the 1880s which is what surprised me most.

What's the theory being this cycle? Is this some type of business cycle theory altered? Or it is pure coincidence?

For those who don't know about it: https://www.therationalinvestor.com/blog/how-the-…

197 WSO Academy Hedge Fund Session Reviews: 4.78/5

Class of '29 Sep 2026 Cohort

5.00/5

Hedge Fund LinkedIn Review

“My meeting with Kevin Lee was super helpful and went well beyond what I originally expected. We met to discuss my LinkedIn profile, but the conversation also covered the hedge fund space and how I’m thinking about my career as a whole. I really appreciated being able to talk about both how I present myself professionally and the broader direction I want to take. As someone interested in hedge funds but also exploring other paths in finance, it was helpful to have a conversation that connected my profile to my actual interests and goals. Kevin gave me a lot to think about, and I left feeling clearer about my next steps. Overall, I really appreciated his time and willingness to go beyond the original purpose of our meeting.”

Class of '26 Sep 2026 Cohort

4.56/5

Hedge Fund Mock Interview

“He was very responsive and prepared for the meeting. He actually read the JD, resume, and looked up linkedin which sometimes other mentors doesn't actually go over those to prepare things beforehand. I appreciate his direct comments I think it saved time and actually helped me to know exactly where to improve. I also appreciated him admitting if he doesn't know about specific HF strategy. Only thing I'd suggest for him is probably sending actionable key takeaways after the meeting because other mentors did and that was very helpful. ”

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Opinions on Benner Cycle?

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