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Non-Tech : Auric Goldfinger's Short List
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To: Edscharp who wrote (10095)6/29/2002 2:38:16 PM
From: Kevin Podsiadlik  Read Replies (1) of 19428
 
Tell me, Ed, which of these courses shows "compassion for the small investor"?

Voicing an honest opinion about a bad company, thus discouraging new investment and/or hastening the bad company's demise

or

Keeping silent about a bad company's misdeeds, allowing it to continue undisturbed until it eventually falls apart on its own, but in the meantime allowing many more shares to be bought by small investors over the course of time, at much higher prices?

If he had any compassion for the small investor I certainly missed it.

Put another way, which did more damage to the markets, Bre-X (which was picked apart by various rank-and-file short sellers) or Enron (which was above the investigation level of your everyday short seller, and of whom the people with access to the truth remained silent until it was too late)?
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