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Brandes Investment Partners Still Underperforming Sharply, Losing Clients
Italiandude, You don't get it..in a super high growth firm if you have a basket of illiquid stocks that you are buying and the money keeps pouring in, then you are going to drive those stocks up. That is what caused the massive performance. Buffett and Templeton didn't keep opening client accounts and chasing the same stocks. This was a PONZI scam even if they didn't realize it and those late to the party got crushed. What brilliant mind buys Fannie Mae, Countrywide, Washington Mutual, all those dying newspaper stocks, etc...? For that, you pay a Mercedes Benz fee so they can put on $10 million Halloween shows? The market is one big casino.— December 17, 2009 8:43 p.m.
Brandes Gives Up on Newspapers
If you lose 60%, then gain 60%, are you even? Take $100,000, lose 60%, you have $40,000. Gain 60% and you are only back to $64,000, down 36% The stock market is one big scam. Dirty secret is that the ultra rich that control it all work their workers to an early grave. Most do not make the big bonuses and work their butt off for very low pay overall. The Financial Services industry is low paying considering the stress levels. Want a lunch break? Don't work at Brandes or any other Financial firm. They don't exist. Got to keep killing yourself so those in the Ivory Tower can buy more stuff. Really is a sick, immoral, lousy, soul sucking business.— December 17, 2009 8:30 p.m.
Brandes Extremely Bullish. But Is That Comforting?
Kudos to Brandes so far this year. They have rebounded some. Problem is that if your account got crushed to peanuts, it is now worth peanuts and a half. Anyways, they appear back on track and congrads.— October 19, 2009 8 p.m.
Brandes Extremely Bullish. But Is That Comforting?
Kudos to Brandes so far this year. They have rebounded some. Problem is that if your account got crushed to peanuts, it is not worth peanuts and a half. Anyways, they appear back on track and congrads.— October 19, 2009 7:59 p.m.
Fabled Borrego Springs Resort, Development May Close Nov. 30
Reply to #12 - Probably no $10,000,000 Halloween parties going on out there.— October 19, 2009 12:04 p.m.
San Diego Unemployment Drops on Seasonal Factors
It is impossible to get a job in San Diego unless you are in Medical field.— October 19, 2009 11:46 a.m.
Charles Brandes defies market, buys stocks of daily newspapers
You may not have noticed, but the 9/30/09 release of the RICHEST AMERICANS has Brandes dropping off the list. This, after peaking at $2.6 Billion just a couple years ago. It took $900 Million to make Top 400. Collectively, the Richest 400 lost $300 Billion. OUCH! This GREAT RECESSION, MINI DEPRESSION, is ugly.— October 9, 2009 11:56 a.m.
San Diego Unemployment Goes above 10% in June
Don, I agree with you that the real unemployment rate is 20% or even higher. PHD's cannot get work in this economy. It is beyond bad. I don't know where all these people that lose homes and jobs are going? Back in with parents? You have a zero percent chance of getting a good job coming out of college with a standard business degree right now. The U.S. is in major decline. If you look back, you will see Reagan started all this with the massive wealth shifting from middle and lower classes to the ultra-rich and greedy. All of their overseas labor has killed us.— July 19, 2009 8 p.m.
Coronado Great for "Rich and Single," Says Money Magazine
Reply to #5 - People live way over their means, then go back home to live with mom and dad. Problem is that cost of living is high and salaries low. San Diego has been coined Man Diego for it's lack of single females. I think it has the worst ratio in the USA.— July 14, 2009 9:07 a.m.
Local Home Prices Dropping at Slower Rate
I will add to the story. A friend of mine was laid off from Scudder and went into the mortgage loan business. He all of a sudden was making $20,000/month. He decided to get on the RE freight train and bought property after property. Eventually, he owned 7 houses and had a net worth of $2 million. (Value of houses minus amt. owed). Well, 2 years later and a huge RE crash later, he lost all the homes, had on paper a negative $650,000 net worth, lost his mortgage job and now lives in his parent's basement. He cannot find a job despite having both a college degree and experience. He is dead broke.— July 1, 2009 6:29 p.m.