Comments on: Ben Stein Long On Financials http://livingoffdividends.com/2007/11/14/ben-stein-long-on-financials/ Join me on my journey to achieve financial independence through dividends, passive income and investments Tue, 16 Mar 2010 21:22:11 -0700 http://wordpress.org/?v=2.8.1 hourly 1 By: JD http://livingoffdividends.com/2007/11/14/ben-stein-long-on-financials/comment-page-1/#comment-1034 JD Sat, 24 Nov 2007 16:29:41 +0000 http://www.livingoffdividends.com/2007/11/14/ben-stein-long-on-financials/#comment-1034 Ben Stein is a bit of an idiot. He writes some columns as if everyone in the world except him thinks the economy is completely crumbling. Most people don't think that. But they do see the problems. Ben Stein is a friggin Hollywood flunky. Since this latest statement by him on stocks like Citi, they have gone down a considerable amount more. Sure there aren't going to go bankrupt. And they will be great buys at some point, but probably not now. If you can save another 10% of your money why wouldn't you do it? People in the business (i.e. Wall Street) have a better sense of how crappy the balance sheets of some of these banks look and what types of writedowns are coming in the future. My desk personally knows of tons of CDOs that haven't even been written down yet and the big banks hold huge quantities of these. Listen to Ben Stein at your own peril. I agree that Jim Rogers is a bit zealous sometimes but compare their resumes and Ben Stein looks like a joke. He's a guy who never had any success in Hollywood so when he's finally ready to call it quits he calls them all a bunch of losers. His claim to fame is a 30-second role in Ferris Buellers Day Off and a brief political stint around 40 years ago. Jim Rogers is a billionaire who made his billions trading the markets for around 30 years and being one of the most successful at it. If Jim Rogers wants to sit down with the CEO of Goldman Sachs for a chat he can do it, Ben Stein wouldn't even get past lobby security. Ben Stein is a bit of an idiot. He writes some columns as if everyone in the world except him thinks the economy is completely crumbling. Most people don’t think that. But they do see the problems. Ben Stein is a friggin Hollywood flunky. Since this latest statement by him on stocks like Citi, they have gone down a considerable amount more. Sure there aren’t going to go bankrupt. And they will be great buys at some point, but probably not now. If you can save another 10% of your money why wouldn’t you do it? People in the business (i.e. Wall Street) have a better sense of how crappy the balance sheets of some of these banks look and what types of writedowns are coming in the future. My desk personally knows of tons of CDOs that haven’t even been written down yet and the big banks hold huge quantities of these.

Listen to Ben Stein at your own peril. I agree that Jim Rogers is a bit zealous sometimes but compare their resumes and Ben Stein looks like a joke. He’s a guy who never had any success in Hollywood so when he’s finally ready to call it quits he calls them all a bunch of losers. His claim to fame is a 30-second role in Ferris Buellers Day Off and a brief political stint around 40 years ago. Jim Rogers is a billionaire who made his billions trading the markets for around 30 years and being one of the most successful at it. If Jim Rogers wants to sit down with the CEO of Goldman Sachs for a chat he can do it, Ben Stein wouldn’t even get past lobby security.

]]> By: Enjoy the Personal Finance Articles While I Exercise On My Wii | Personal Finance Blog by Money Ning http://livingoffdividends.com/2007/11/14/ben-stein-long-on-financials/comment-page-1/#comment-983 Enjoy the Personal Finance Articles While I Exercise On My Wii | Personal Finance Blog by Money Ning Sun, 18 Nov 2007 20:12:06 +0000 http://www.livingoffdividends.com/2007/11/14/ben-stein-long-on-financials/#comment-983 [...] Off Dividends sights that Ben Stein is buying ETFs that tracks the financial sector!  The article also says that another money expert, Jim Rogers, thinks the financial sector is in [...] [...] Off Dividends sights that Ben Stein is buying ETFs that tracks the financial sector!  The article also says that another money expert, Jim Rogers, thinks the financial sector is in [...]

]]> By: John G http://livingoffdividends.com/2007/11/14/ben-stein-long-on-financials/comment-page-1/#comment-963 John G Thu, 15 Nov 2007 21:26:26 +0000 http://www.livingoffdividends.com/2007/11/14/ben-stein-long-on-financials/#comment-963 you mention you are in some direct oil-gass drilling programs. I am in one with Penneco. I probably will go into some more before the year end. Please send me the names, etc. on the ones you like. Thanks. you mention you are in some direct oil-gass drilling programs. I am in one with Penneco. I probably will go into some more before the year end. Please send me the names, etc. on the ones you like. Thanks.

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