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Correct Doogs Charlie Aitken is in Bell Potter, however that's...

  1. 142 Posts.

    Correct Doogs Charlie Aitken is in Bell Potter, however that's the beauty of people putting different views and information out there, it allows us to take it in and weigh it up to use in our investment decisions,which at the end of the day should be our own.

    And like all of us, Charlie does not get it right all the time. A sample:

    "Briefly Business: Charlie Aitken, Terry McCrann
    Like the rest of us, Charlie Aitken is only right some of the time. One of Australia�s most oft-quoted stockbrokers is Southern Cross Equities� Charlie Aitken. For a while, Aitken was hailed as a sage, almost a celebrity. However, as we learned from Henry Blodget and Mary Meeker, notoriety and accuracy are not necessarily correlated. It is perhaps unfair to single out Aitken � he certainly isn�t alone among brokers in getting things wrong. However, Charlie did make the mistake of filming a YouTube clip for Eureka Report. In his 2007 Preview Aitken claimed that:

    Australian companies are in the best financial shape ever and we have seen no PE expansion to reflect the unbelievable balance sheet strength we now have � You must be an optimistic. To do well out of the sharemarket, you must be optimistic.

    Even after the sub-prime crisis started, Aitken didn�t lose faith, telling the Eureka Report that

    The whole sub-prime issue is over-stated and losses/defaults will be nowhere near where the armageddonists believe.

    As Crikey later noted, Aitken also criticized people who had the audacity to be bearish"

    This report is a bit old but is just to make my point that we must balance the information we recieve, and where we receive it from.

    JR


 
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