Share this story
Close X
Switch to Desktop Site

Financial news you can start ignoring

Next Previous

Page 2 of 3

About these ads

Old men writing newsletters about "battening down the hatches" and "the New Normal" hear about something called Groupon being worth $5 billion and automatically assume "Bubble" because the company doesn't assemble aircraft carriers - they can't wrap their heads around the hundreds of millions in cash flow being generated by a web-based startup with almost no employees, physical real estate or equipment.

Mohamed El-Erian probably made over 500 TV and radio appearances in 2010, not once did he tell you about Redbox ($CSTR). Or Netflix ($NFLX) or IMAX ($IMAX). Or Ugg Boots ($DECK) becoming a perma-brand like Nike. Or Green Mountain Coffee ($GMCR) becoming the new Folgers. Not once did he mention the fact that fashion and entertainment defy the business cycle and that teens will find a way to spend on new stuff - even against a backdrop of 21% unemployment for their age group.

3. Equity Mutual Fund Managers:

Next Previous

Page:   1   |   2   |   3

Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.