Wednesday, April 19, 2006

Money where your mouth is!

James Altucher looks at the future of research and says turn the research department into the proprietory trading group. Turn research departments into hedge funds and stop the rot:
"The best research now comes not from banks but from the 13D filings filed by activist hedge funds where they give their valuation reasons for an investment. Not only that, they give their banking suggestions for what should be done to unlock value."

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