Ruthlessness and randomness prevail thanks to hedge funds, leverage, and program trading. What's a small investor to do?
Imagine the prototypical professional investor. If you picture someone sitting behind a desk, reading annual reports and pondering the valuations of companies like Coca-Cola (KO ) and General Electric (GE ), you'd better think again."...
I got a question: given that I KNOW (indeed I KNEW) what would happen to oil prices under Bush, what could I have one about it? Buy Mobil Oil?
Friday, August 06, 2004
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