Magazines keep plugging loser stocks
I remember when Enron was making the cover page as the best stock to buy. Analysts get a lot of press when they give positive coverage, I wonder why no one goes back and sees if they recommended duds.
A great article from Gawker.com (which these days has more credibility with me than MSM) about how magazines led investors into ruin. How Magazines Led Investors to Ruin
Think about this logically. Magazines rely on ads and subscribers. Ads are bought by the same companies that get plugged. Mention an stock as a big buy, and bam! you sold a few ad pages.
Now, this is the kind of guy you want to listen to:
David Einhorn. He is a fund manager who I think he made a ton of money off Lehman’s collapse. But you won’t hear from him. You know why? Because he doesn’t write a magazine. He is a real investor. One who does his own research, his own legwork, and takes his own risks. If you want to invest, do your own research. Or, be prepared to be led around like a sheep. And remember how most sheep end up.
