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I have found Saut thoughtful and informative, especially when he actually has had a chance to express longer thoughts on King World News instead of the CNBC-style soundbites. However, there was this the other day, which I'm a little surprised didn't cause more trouble. *Trading* on knowledge of a secondary offering of a UK company (while certainly a different situation than just hawking it on CNBC) cost David Einhorn 11.2M earlier this year. (waking up to find Greenlight RE halted was not fun that day, which I sold shortly after the halt.)
Again, I'll give Saut the benefit of the doubt because I like him on longer interviews, but it goes to show these people on CNBC and elsewhere are really talking their book to at least some degree. I'm a little surprised that CNBC did not catch the connection.
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Again, I'll give Saut the benefit of the doubt because I like him on longer interviews, but it goes to show these people on CNBC and elsewhere are really talking their book to at least some degree. I'm a little surprised that CNBC did not catch the connection.
http://www.zerohedge.com/news/jeff-sauts-permabullishness-just-cost-raymond-james-hundreds-thousands-lost-revenue