Word: pros
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...could take the fatalistic approach and just let the rules alone, forcing Wall Street and its analysts to create their own value as seers by the quality of advice they give out - or risk the collapse of the whole fortune-telling industry. (There is some evidence that Wall Street pros earn their money - in the Wall Street Journal's "Dartboard" feature, which announced its retirement last month after 14 years pitting dart-chucking staffers against investment advisers, the dartboard won only 55 of 142 contests.) Another way might be simply to abolish the "buy," "hold" and "sell" ratings, letting analysts...
TIME senior writer Daniel Kadlec questions five pros: Ron Baron, manager of Baron Asset Fund; Eleanor Blayney, a financial planner at Sullivan Bruyette Speros & Blayney; Eric McKissack, a manager at Ariel Mutual Funds; Gary Pilgrim, president of PBHG Funds; and Gus Sauter, manager of the Vanguard 500 Index fund. Our panelists agree that diversified mutual funds are best for those with little penchant for serious stock research. For investors who want to buy individual stocks and are willing to do some homework, our pros offer tips on what to hold--and when to fold...
...Even the pros say the course one of the most difficult course in the region,” Oh said...
...several councillors said yesterday they are not ready to give the tunnel an up-or-down vote yet. They say they want more time to consider the pros and cons of Harvard’s plans and possible compromises—which neighborhood activists say they will offer at tonight’s meeting...
...furniture and monitors and keyboards to last a lifetime," Cramer writes. It's no contest whose book is better: Cramer's, once you get past the bluster. Did he really memorize every closing price on the New York exchange? Cramer offers the best accounts I've read of how pros pay huge trading commissions to brokerage firms in return for the first call on stock-moving events like an analyst downgrade. New sec rules don't stop that or other ploys. And, it seems, nothing stops Cramer...