Stock Sell Signal?
One of my favorite recreations is watching the legions who drink the Wall Street kool-aid make jackasses out of themselves. CNBC, for example, with its comical veneer of analytical sobriety and treasure trove of jargon-spewing cranks, is a genuine funhouse for me. I surely admit though, the shepherds of America’s financial industry are marketing geniuses, as evidenced by the average pay on Wall Street and the aplomb with which public bailouts are solicited and banked.
One of the very, very few professional money managers I respect is Danielle Park, President of Venable Park Investment Counsel, Inc. I think seeking diversity of opinion is as important to investing success as diversifying investments, and that’s why I read Danielle’s blog, Juggling Dynamite. Wall Street kool-aid swiller, Ms. Park is not. I find her views a welcome and refreshing foil to the partisan din ceaselessly spewed by the super-charged Wall Street marketing machine.
Ms. Park’s partner, Cory Venable, specializes in working the numbers. A chart he recently published on Juggling Dynamite poked a little fun at Larry Fink, while making a serious point. Mr. Fink is the co-founder, Chairman, and CEO of the world’s largest money management firm, BlackRock.
Time to sell? Perhaps Mr. Fink became a billionaire in part by manipulating we saps in one direction so he can capitalize in the other?
If anyone suspects this post is a promotional gimmick Ms. Park cooked up, get serious: She keynote speaks and helps manage millions for her clients; I’ve got 26 Facebook fans. I did get her permission to use the graph.