December 13, 2008

Automotive Bailout


A little bit of fun one today after so many serious articles. I was talking to my good friend the other day who works at a newspaper he was telling me how shocked he was that the bailout did not pass in its current form. Apparently he did not read my post in November :)

This is a perfect example of Mr. Market in action. In this modern era newsrooms don't do investigative journalism, they don't have the budgets, they recycle stories and do very limited research. If as a value investor you do your own research you can get the upper hand on the rest of the market.