1.19.2008

Well, he told them once and he told them twice...

... but they never listen to his advice.

I just stumbled upon this in the Varones archives. I had not recalled that Bank of America analyst Robert Lacoursiere went ultra-negative on Countrywide long before B of A bought in at $18.

B of A is paying this guy the big bucks to analyze Countrywide. They should have paid attention to his conclusion.

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More academic malpractice against gold

This is just pathetic. WSJ : Gold is, in fact, a poor hedge against inflation. Accounting for changes in the cost of living, gold has re...