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One of O's earliest supporters and closest advisors. He sucks as a money manager. One reason I cancelled Forbes magazine because they helped "make" him. A key person in getting O elected. Assets under management have tanked.

"His mutual-fund firm had been bleeding money for years, with assets under management plunging to just $4.75 billion on July 31 from $21.4 billion in 2004."

1 posted on 08/14/2010 7:11:22 PM PDT by Frantzie
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To: Frantzie

Put the politics aside.

His long term record has been quite good. He is a disciple of Ben Graham (Buffett’s teacher at Columbia) and has never let political correctness influence his stock picking.

I have used his funds in 401K plans I put together for clients and have no problem with doing so in the future. Just because hot money has left him doesn’t change my opinion of his long term effectiveness.


2 posted on 08/14/2010 8:02:49 PM PDT by LRoggy (Peter's Son's Business)
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