I bought BARRONS yesterday for the first time in ages. It's good to see that Alan Abelson is still going strong, making sarcastic comments in relation to Richard Gere getting burned in effigy for kissing an Indian Bollywood film actress (seems to me that somebody who's so public with his conversion to Buddhism should know better than to kiss an Indian woman in public) and predicting disaster for the stock market even as this issue is predicting the Dow at 13000 soon (probably this week). Plus, there was a column about problems at Fidelity Mutual Funds, which apparently are not delivering the performance they used to do (I'm not a fan of open ended mutual funds) so they're investing more money into research, which is probably useless, and why I'd rather go with Vanguard if I were to put money into an open ended mutual fund -- fewer expenses. They run an annual stock picking contest for students and professors and described this year's winners, though I forget whether they used leverage to make their stock picks, but they were allowed to sell short. And one guy had a big winner by buying a subprime lender than was down way below its book value.
leveraging Barrons
leveraging Barrons
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