Wednesday, May 13, 2009
Dumped Forbes Magazine
After about 12 years of subscribing, I had to cancel Forbes. Actually, I just let it go unrenewed.
I'm a bit depressed in having to do this, but Steve Forbes had it coming. You see, tough times are expositive events. When people, institutions, businesses, and governments are confronted with hardship, that's when you find out what they're really made of.
In short, Forbes foundered and flailed last year amidst the downward economic inflection. The magazine has taken to supporting bailouts of industry, of bondholders, and of stockholders. All illusions of it being a *free market* vanguard have disappeared into thin air.
Furthermore, Forbes joined the cabal of plutocrats - many of whom are pure socialists - in vilifying traders, short sellers, and hedge funds. They've been using the force of Big Government to unfairly change the rules of the financial markets in the middle of the game. In doing so, they've severely hampered the ability of prudent, legitimate disinvestors from protecting OUR ASSETS.
Oh yeah, and they're also guilty of effing retail investors, taxpayers, and future generations of America - all so their net worths can be artificially propped up.
This was a most reluctant and sad decision for me. In many respects, Forbes was my MBA program. Although I studied economics at UPenn, it was nothing to the real world microeconomic study I got every two weeks in Forbes. For many, many years I was excited when the publication came in the mail. How often in this life can one get entertained and edified all at once for what, a few bucks a pop?
It's really the management and editors that are guilty. The reporting is still first-rate and a great read, but I can't in good conscious subsidize an entity that uses my money to politically persecute my livelihood.
If I did, I'd be as Moronic as a working-class stiff or a poor person who thought the New York Times was on their side!
What Real Estate Bubble
Cyclical Hypocrisy On Wall Street
Marginalizing Ken Fisher - An Unapologetic OPM Loser
Marginalizing David Malpass
When Experts Malfunction