Herb on TheStreet: This Column's Year-End Report: Passes, Failure and
Incomplete
By Herb Greenberg
Senior Columnist
OK, class, it's annual report card time again, and this year, like every
year, this column has had its share of bona-fide failures, uncontested
winners and a growing list of incompletes.
Success and failure, by this column's standards, are not now and have never
been determined exclusively by stock prices, especially over the past year
or two, when stocks have often ignored fundamentals. (Sorry, but the words
of Paul Jain, the recently indicted chairman of the now-defunct Media
Vision, still reverberate in my head. After a series of stinging items in
the San Francisco Chronicle version of this column a number of years ago,
his company's stock suddenly took off. Jain called me and said something
like, "You see, our stock is rising. It means your short-seller friends are
wrong." No, they were just early; don't confuse fundamentals and momentum.) |
