Who Would You Rather Follow? 01/20/2010
Monday, January 4, 2010 On December 29, 2009 two articles came out back to back on Bloomberg. One, in my opinion symbolizes the Wall Street media hype machine and one completely contradictory. The first was about Bill Miller, manager of Legg Mason Value Trust. Touted guru who beat the SP500 16 out of 20 years. His 10 year average is -3.2%, that is he lost investors 32%of their money in the last decade. Mr. Miller touts how great 2010 will be and says everyone should get in to the gravy train. The second article came from Erik Sprott, manager of the Sprott fund. He's made his client 496% in the last decade. His message is about how the SP500 will plunge below the March 2009 lows due to a fortitude or solid reasons. Mr. Millers reasons for the economy to be going up, not a whole lot other than fluff. So Miller (aka Wall Street hype machine) say markets going up and Sprott (aka someone who actually made a lot of money for his clients) says markets are going down. Who are you going to follow down the yellow brick road? Miller Article: http://www.bloomberg.com/apps/news?pid=email_en&sid=aoXm1ChySOEg CommentsLeave a Reply | FREE SUBSCRIPTION!Receive Emailed Articles as they are Posted. Click Below on RSS Feed!Jason's Thoughts!My goal is to use this format to bring important and timely ideas to the surface on recent events which I feel will affect all of us financially. ArchivesFebruary 2012 Categories |
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