'Financier full of wit and opinions'...says economy "Sucks"

[FreeperSlayer]

Syracuse Post-Standard
http://www.syracuse.com/search/index.ssf?/base/business-4/1074850842322970.xml?syrbubiz


<snip>
Whitman, Class of '49 and nearly 80, was back in Syracuse on Thursday, in a building with his name on it and in an economy newly stung with word of extensive layoffs at Kodak and a deepening federal deficit.

The U.S. economy in one Whitman word?

"Sucks," said Whitman, known as a straight shooter.

So what's the first step to right it?

"The biggest thing we have to do about it is get rid of the Republicans," said Whitman. "It's just a disaster..."

[teryang]

1. I'm sure Richard Young (Intelligence Report)

...will have something to say about this. He is a Third Avenue admirer and it represents a big part of his mutual fund recommendations. Richard Young is also a conservative (skeptical) investor. However, he has a lot of crackpot political ideas on the far right and uses his investment advisory service (which is not very good, it is the same advice every month with little change) to push his brain dead ideas about politics and economics. He is the typical financial advisor that doesn't know shit about government or world affairs.

[DinahMoeHum]

2. I've had his Third Avenue Value Fund in my invest portfolio

for a number of years now.

One major reason I chose this mutual fund was because I saw that Marty Whitman was an old-timer financier who has seen just about everything on Wall Street, including booms and recessions, bubbles growing and bubbles busting. His semi-annual reports are easy to read, in plain English. He's a no-bullshit kind of guy.

And in those years when there isn't much growth in the fund, the losses have been relatively small. His fund doesn't go hog-wild and chase after "hot" stocks like too many funds did in the 1990's.

:kick:

[MissMillie]

3. Dupe

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=103&topic_id=31448