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By admin - Posted on July 29th, 2008
Look out, there's likely more trouble in financials, according to Marian Kessler, who helps manage $59 million in assets in the Becker Value Equity Fund (BVEFX), a large-cap portfolio that has a four-star Morningstar rating and has outperformed the Standard & Poor's 500 over the last three years with a trailing return of 4.7%. But she's not ready to jump back into financials, arguing that another big, big blowout among regional banks, and a meltdown in credit cards, could be in the wings.
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Look out, there's likely more trouble in financials, according to Marian Kessler, who helps manage $59 million in assets in the Becker Value Equity Fund (BVEFX), a large-cap portfolio that has a four-star Morningstar rating and has outperformed the Standard & Poor's 500 over the last three years with a trailing return of 4.7%. But she's not ready to jump back into financials, arguing that another big, big blowout among regional banks, and a meltdown in credit cards, could be in the wings.
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By admin - Posted on July 29th, 2008
Jason Zweig writes the Intelligent Investor column for The Wall Street Journal. I’m sorry to say this week’s column is especially unintelligent. When asked whether Graham would be buying financial stocks today, Zweig says no. Crumbling real estate prices alone would not have deterred Graham. He liked to use long-term averages and estimates of what normal conditions would bring. He relied heavily on the past as an indicator of the future. Real estate prices will recover at some point.
Jason Zweig writes the Intelligent Investor column for The Wall Street Journal. I’m sorry to say this week’s column is especially unintelligent. When asked whether Graham would be buying financial stocks today, Zweig says no. Crumbling real estate prices alone would not have deterred Graham. He liked to use long-term averages and estimates of what normal conditions would bring. He relied heavily on the past as an indicator of the future. Real estate prices will recover at some point.

