If A Greenspan Talks on TV, Does Anyone Listen?

7 Aug 5:44am
Read original blog entry
Remember when Greenspan first started making recession predictions and the immediate reaction of the markets? Now? Nothing

Recently Alan G. was on CNBC running his mouth again about the odds of recession.

Video:


Remember last year when Alan was playing Vegas oddsmaker with the US' chances of recession?

Then came his defense of his record in April of this year.

Why didn't Alan just stick to analysis of the current conditions? When you start placing percentages of possibilities on the table and are wrong, it looks bad. When you had the position Alan had it makes everything you said and did in those years look suspect also. The "if he is wrong now he was probably wrong then" scenario is unavoidable.

I know he is trying to make a buck consulting and selling books but, does he really need it? Is it really worth the damage to his reputation he is doing? It just can't be.




Todd Sullivan's- ValuePlays

↑ Grab this Headline Animator


Visit the ValuePlays Bookstore for Great Investing Books

Comments

Back to top

Post comment

Back to top

Post a comment

Please login to post a comment

About

ToddSullivan

A Massachusetts based value investor, I look for companies whose current valuation is at a discount to their true value. When I purchase a stock, my typical holding period is several years. I consider buying a stock purchasing a piece of a business. I am confident once I make a decision to buy that eventually the market as a whole will recognize the true value of the business and value it accordingly. It may take 1 month, 6 months or a year, but if I buy it at enough of a discount to its true value my results will be (and have been) superior to the market as a whole. Of all the disparate investing disciplines, value investing has stood the test of time. The great investors of have all been value investors. Warren Buffett, Ben Graham, Bill Ruane (Sequoia Fund), Bill Miller and Wally Weitz, all have consistently outperformed the market for decades by using various forms of value investing. Currently I am a contributing writer to Seeking Alpha, Vinvesting.com, The Stock Masters and Value Investing News. Posts have been reprinted in The Wall St. Journal, Yahoo Finance, Google Alerts, Google Finance, TheStreet.com. 24/7 Wall St. and Topix.net.