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Category Archives: Savestor

Unfortunate Fortune: Shockingly Pathetic Stock Picks from 2000

Friday, May 16, 2008

It’s Fortune magazine, August 2000, Special Investors Issue, Retire Rich
Article: 10 Stocks to Last the Decade
And here’s the list:

Stock
Ticker
Price
P/E
Comment

Broadcom
BRCM
$237
255
Maker of chips used in the next generation of entertainment devices

Charles Schwab
SCH
$36
56
Former discount broker that has grown up along with its boomer clients

Enron
ENE
$73
51
Biggest online broker for coal, oil, and gas; next up — broadband

Genentech
DNA
$150
128
Offers a huge pipeline [...]

Also filed in Stockblog, Truth Trader | | Comments (0)

Black swans spotted on the flyover

Tuesday, May 13, 2008

I happened on an article about black swans, as Nassim Taleb had recently been speaking at a CFA (Chartered Financial Androids) function and a reporter for the Financial Times was in attendance, blogging, not reporting, because as we all know the two are very different. I wondered with all the talk of recession, and [...]

Also filed in Great Speculations, Perma-Bear, Quantorama, Tools of the Trade, Trader Trove, Truth Trader | | Comments (0)

Stagflation means fewer Vegas Stag Parties

Wednesday, May 7, 2008

Gas or gamble? Economy forces some to choose
The pressures of a weak economy — concerns about job security and rising prices for gas, food, home heating oil and other goods and services — are causing many gamblers to cancel or reduce the number of casino trips. Those who go are gambling less money than in [...]

Also filed in Commentary, Econorama, Fed Flap, Perma-Bear, Stockblog | | Comments (0)