Skip to main content

Overheard at Barron's Roundtable 2009

For those who haven't seen it, part 1 of Barron's Roundtable 2009 is out on newstands this week and online at Barron's web site.

Since most Barron's readers have probably already bought this week's issue, I see no harm in reviewing the online version of this year's Roundtable.

Although, given the performance of last year's Roundtable picks, I can see why the assembled crew might not want to dwell on 2008! Felix Zulauf seemed to fare best, replicating his strong performance in last year's Roundtable.

For 2009, the gang seems pretty downbeat, acknowledging the problems associated with this bear market and the recent period of delevaraging.

In fact, most of the participants (Bill Gross, Oscar Schafer, Mario Gabelli, Felix Zulauf, et al) spoke of things like rising unemployment, lower corporate profits, and the perceived need for government stimulus programs. Not exactly the stuff that economic dreams are made of.

Still, I think most were hesitant to come off as bearish as Fred Hickey and Marc Faber, who seemed very sympatico in their view of the US stock market (both see potential for further gains on this rally, with reality setting in soon afterwards), the economy, and the risk of high future inflation.

We'll see who's right in the end, but personally I wouldn't bet against Hickey or Faber too strongly, especially as they are usually (together with Zulauf) alone in seeing things as they are, rather than as they'd like them to be.

Stay tuned for our follow up post on the 2009 Barron's Roundtable, which will be added here after the final installment is available on Barron's website. Look for that in the next couple of weeks.

Related articles and posts:

1. 2008 Barron's Roundtable Review - Finance Trends Matter.

2. Felix Zulauf - Barron's Interview - Finance Trends Matter.

3. Marc Faber on Investments, Economy - Finance Trends Matter.

Popular posts from this blog

Seth Klarman: Margin of Safety (pdf)

Welcome, readers! Signup for free email updates at the Finance Trends Newsletter . Update: PDF links removed due to DMCA notice. Please see our extensive Klarman book notes below. New visitors, please check the Finance Trends home page for all new posts. Here's something for anyone who has been trying to get a look at Seth Klarman's now famous, and out of print, 1991 investment book, Margin of Safety .  My knowledge of value investing is pretty much limited to what I've read in Ben Graham's The Intelligent Investor (the book which originally popularized the investment concept of a "Margin of Safety"), so check out the wisdom from Seth Klarman and other investing greats in our related posts below. You can also go straight to Ronald Redfield's Margin of Safety book notes .    Related posts: 1. Seth Klarman interviews and Margin of Safety notes     2. Seth Klarman: Lessons from 2008 3. Investing Lessons from Sir John Templeton 4.

Moneyball: How the Red Sox Win Championships

Welcome, readers . T o get the first look at brand new posts (like the following piece) and to receive our exclusive email list updates, please subscribe to the Finance Trends Newsletter .   The Boston Red Sox won their fourth World Series title of t he 21st century this we ek. Having won their first Se ries in 86 years back in 200 4, the last decade-plus has marked a very strong return to form for one of baseball's oldest big league clubs. So how did they do it? Quick background: in late 2002, team own er and hedge fund manager, John W. Henry (with his partners ) bought the Boston Red Sox and its historic Fenway Park for a reported sum of $ 695 million. Henry and Co. quickly set out to find their ideal General Manager (GM) to help turn around their newly acquired, ailing ship. This brings us to one of my fav orite scenes from the 2011 film , Moneyball , in which John W. Henry (played by Ar liss Howard) attempts to woo Oakland A's GM Billy Beane (Brad Pi

William O'Neil Interview: How to Buy Winning Stocks

Investor's B usiness Daily founder and veteran stock trader, William O'Neil share d his trading methods and insights on buying winning stocks in an in-depth IBD radio interview. Here are some highlights from William O'Neil's interview with IBD: William O'Neil's interest in the stock market began when he started working as a young adult.  "I say many times that I didn't get that much out of college. I didn't have much interest in the stock market until I graduated from college. When I got married, I had to look out into the future and get more serious. The investment world had some appeal and that's when I started studying it. I became a stock broker after I got out of the Air Force."    He moved to Los Angeles and started work in a stock broker's office with twenty other guys. When their phone leads from ads didn't pan out, O'Neil would take the leads and drive down to visit the prospective customers in person.