Insana delivered a sweet zinger as well...they had some clown portfolio manager on during Insana's shift...the clown was defending his CSCO holdings. In baseball terms, Insana was throwing him fastballs high and inside while the clown was boasting about CSCO.
The clown says, "yeah well, CSCO delivered 50% top-line growth, yada yada yada..." and Insana says, tongue-in-cheek, "yeah, and um, what's their P/E?" The clown pauses and then says, "well, all I know is this: each time I've sold some of my CSCO in the last 5 years, it's performance afterwards made me sorry I sold." Insana, not even missing a beat, counters with, "yeah, and people who owned Bethlehem Steel could've said the same thing during the 1950's." I about fell off my chair laughing...say what you want about Insana, but he's never been afraid to put clowns in their place. |
