Parsad Posted October 11, 2011 Share Posted October 11, 2011 Article today about how Roubini, who is practically in the news every day talking about something, is selling his firm which has been losing money monthly. Fourteen million in revenue, 85 staff, $2M in losses. He expects 8% growth in revenues in 2012, and 40% revenue growth in 2013...ppphhhhhttttt! :P Looks like Roubini went to the Ron Insana school of business management! http://www.cnbc.com/id/44859944 What should he get for this piece of crap? One dollar in my opinion...to both stop showing up on television and definitely don't go back and teach! Cheers! Link to comment Share on other sites More sharing options...
moore_capital54 Posted October 11, 2011 Share Posted October 11, 2011 Parsad, does this mark the top for the doom and gloom business? lol Link to comment Share on other sites More sharing options...
Parsad Posted October 11, 2011 Author Share Posted October 11, 2011 Parsad, does this mark the top for the doom and gloom business? lol No, because it's such a good racket. After almost 13 years of a flat S&P500 (I guess the gyrations in between have to be excluded), they've got it as good as ever. Roubini, El Erian, Meredith Whitney, Jim Chanos...the list goes on and on. They've all become rich celebrities from their prognostications, regardless of their batting average or actual return to investors. I miss the days when investors would just go about their business and make money, rather than hold webcasts, conference calls, press releases, powerpoints or television appearances. That's why we don't talk to the press, we don't do interviews, we don't do anything except try and keep a low profile. This is the only place you will see me write anything! Cheers! Link to comment Share on other sites More sharing options...
NormR Posted October 11, 2011 Share Posted October 11, 2011 Parsad, does this mark the top for the doom and gloom business? lol James Grant has been at it for decades. 8) Mind you, I enjoy his scribblings. The bear case can interesting because it might highlight areas/problems that you've not thought about. Link to comment Share on other sites More sharing options...
Parsad Posted October 11, 2011 Author Share Posted October 11, 2011 Grant keeps a much lower profile, as do many others. They aren't on tv everyday or writing some new article. Those guys actually have something to say. Cheers! Link to comment Share on other sites More sharing options...
NormR Posted October 11, 2011 Share Posted October 11, 2011 Grant keeps a much lower profile, as do many others. They aren't on tv everyday or writing some new article. Those guys actually have something to say. Cheers! Oh Sanj, it's better to switch off the TV to avoid being infected. After all, when did you last get a good bit of actionable advice from TV? ;D Oh just a sec, I missed the part about him doing a Kevin O'Leary. ::) Link to comment Share on other sites More sharing options...
Parsad Posted October 11, 2011 Author Share Posted October 11, 2011 You know, how good is the research when you have a team of 85? That 84th analyst and 85th analyst must have been keepers to lose $2M a year on $14M in revenues! I'm sure they were just nailing it. Geez! How the hell do you lose $2M on $14M in revenues unless either your costs are bloated, or you are spending it like Trump! And he's talking about how bad Greece manages their finances. ;D Cheers! Link to comment Share on other sites More sharing options...
Parsad Posted October 14, 2011 Author Share Posted October 14, 2011 Roubini Global Economics responds to recent comments on sale: http://www.cnbc.com/id/44906701 Naturally, that means he's talking out his arse about how well capitalized the business is and how well it's doing. Cheers! Link to comment Share on other sites More sharing options...
alertmeipp Posted October 15, 2011 Share Posted October 15, 2011 hmmm... Look how he gives himself the time and future growth factors... Link to comment Share on other sites More sharing options...
DCG Posted October 15, 2011 Share Posted October 15, 2011 I'm planning on generating stock investment returns of 40% next year, and averaging 60% returns from 2013-2118. You guys should give me all your money. I really dislike Roubini. Link to comment Share on other sites More sharing options...
Parsad Posted October 15, 2011 Author Share Posted October 15, 2011 It's funny how these guys start off with the right intentions, and then eventually the publicity, wealth and notoriety gets to their heads. I'm really starting to discount anything El Erian has to say these days as well. It's almost non-stop chatter. Rosenberg...same camp! Cheers! Link to comment Share on other sites More sharing options...
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