December 17, 2007

Abelson bashing continued

It appears I have some competition in the game of Abelson bashing. A letter to the editor from an inspired Barron's reader starts like this:
"In Alan Abelson's soul, it is always 6 a.m. in a one-room apartment with a view of nothing. I can taste the ashes and bitter coffee." and ends like this:
"Abelson isn't a value investor. He is a perma-bear, who will rarely help investors. Unlike stopped clocks, he is never right, but as his calls for recession and apocalypse whine more vociferously, we must remember what he never understands: The market gets less risky as it corrects, and our equity markets and capitalist system though flawed, tend to make us real money over time - especially when Abelson's fear and loathing are in abundance."
I wouldn't be surprised if Abelson himself selected this particular letter out of his weekly stash of hate mail for its poetic qualities.

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