Old buddy Jim Rogers said recently:
"I'm short a large western financial institution that everybody thinks is terrific."
Hmmmm....
Any guesses as to which one?
I'll bet it's the one I'm heavily short - Wells Fargo - if only because of his *terrific* hint.
2 comments:
Yikes! I hope your wrong. My parents have beaucoup WFC. More for the div. though.
Anon,
Okay thanks you taught me a new word. Beaucoup = "abundant".
You mean they HAD held it for the dividend. Only paying .20 a year now. Dividend was essentially eliminated last year, I believe.
Let me get this straight, the fact that I'm short doesn't scare you UNLESS Rogers is also short?
AND, why the bleep are you worrying about your parents' poor decisions?
Obviously, *those people* make a ton of mistakes. I can't think of a more imposing task than sweating all the crazy things my folks (and inlaws) do even on a daily/weekly basis!
I guess you might be looking at their investment from an *heir* point of view...
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