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Gold/Mining/Energy : Barrick Gold (ABX)

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To: russet who wrote (3292)1/16/2003 7:27:47 PM
From: Elizabeth Andrews  Read Replies (1) of 3558
 
Arbitrage plays are created over and over again by fund managers who behave like well trained sheep. John doesn't like it because Henry doesn't like it because Donald doesn't like it and they're all from the same school of investing. Henry says,
"I can't go to cocktail party and confess that I own Barrick! What would my peers think if every knows that everyone is negative on Barrick because everyone is negative on Barrick and I own it. I wouldn't belong would I? Shit I have to own Goldcorp, I guess, even though I think it's overvalued relative to Barrick?"
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