The Accidental Consultant

A blog for consultants, money managers, and their clients to discuss the state of the industry and current market conditions - and for me to publish my thoughts.

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Location: Los Angeles, CA

Wednesday, May 03, 2006

An old-time executive

For those of you who yearn for the "good 'ole days", it should be
comforting to know that their are still CEO's who blatantly mislead
the public as a regular course of doing business. Overstock CEO's
Patrick Byrne just last week said there was no need to raise more
cash, but now he has sold stock at a below market rate to raise cash.
I still contend, as I did a few months ago, that while consultants
should not second guess their managers that one would be wise to see
if any of your managers hold Overstock and if so you should enquire as
to the reason.

http://snipurl.com/pz8s

  • OK, I think I need to add here that I am not in any way shape or form advocating for or against any particular investment or investment style. The world of consulting rapidly changes, and this forum is designed to help all participants in the marketplace by serving as a location for the exchange of ideas. I have a clients who have an interest in the outcome of particular investment strategies, and thus I do as well. All investors have different needs, and thus investments that I might pan for some might be appropriate for others