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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (28645)	10/21/2007 1:32:08 AM
From: Madharry	Read Replies (2) of 78705

I believe that this is a case where the bloom is off the rose. Perhaps I am paraphrasing WEB here but in a business like this all one has is ones reputation and credibility. Once thats shot youre finished. Will an investor ever rely on a Moody and S&P rating again? I doubt it. Perhaps sellers of their securities will keep paying for the ratings but I dont know how long that will last. Cause if Im the head of investment group, or a money manager I sure dont want to hear about their ratings anymore I want the analyst to do his/her own analysis before I buy in. Sorry, but there is no way to justify an AAA rating on the deal that I described. It is nonsense to base a rating only on what happened historically for a brief period of time and not apply common sense and what-if scenarios. Just like you wouldnt immediately put money with a money manager who had a terrific track record for 3 years because he was 100% invested in energy stocks.

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