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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: maverick61 who wrote (39034)	8/31/2010 11:37:28 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78704

Loeb starts with obvious observation 'banks, healthcare, and for-profit education companies are "overly exposed to unpredictable government regulation."' I'll remove "overly" and he is completely right. They are exposed to government regulation and they should be. The rest of his missive is yet another No-tax-no-government'istan rant. Let's skip it. Yes, value investors should account for government regulation costs in their investments. They are fools if they don't. I don't think Loeb is a fool, he's just a self-serving hedgie who will bleat about anything that dares to reduce his investment returns. Funnily enough he gets on the government side shorting the for-profit education frauds that might finally get stopped from siphoning our taxpayer funds. Funnily enough he wants to invest in the banks that would have been dead if government did not rescue them, yeah BAC and C, that's you we are talking about. So it's good when government does things that help his bottom line, but it's Anti-American when the same things hurt it. Lovely.

To: maverick61 who wrote (39034)	9/1/2010 12:32:49 AM
From: Spekulatius	3 Recommendations Read Replies (1) \| Respond to of 78704

>>Wow - who put the burr up your arse?<< The question is who put the burr of Dan Loebs arse? He is a hedge fund manager enjoying a 20% income tax rate on his million $ salary (or performance fee or whatever it is called) due to a tax loophole. Hedge fund managers as a group do nothing productive in my opinion (and that of Warren Buffet) He is long something and short something with a holding period of probably less than 6month on average. The banks that are now penalized in his opinion would all be toast by now if it weren't for the government. I suggest he sets up shop in low tax heavens like Russia or China were the government is always friendly <g>.