Tuesday, October 21, 2008

Sucking it up like a man

I respect Mr. Kerkorian. He is not afraid of making a decision and living with it. But he also is not afraid of admitting that he is wrong and shifting course.

Buying F at $8 when no one else was took nerve. Selling at the bottom took nerve as well and proves again that there MUST not be pride in this game called investing.

And just to be contrary, Ford is a buy. When Mr. Kerkorian got out of GM, I believe the company rallied 6 points. Ford could rally at least a buck.

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