The Day Ahead: Life in a Torture Chamber
I recently saw an old episode of "Law & Order" in which a captive was held in a basement torture chamber. I could relate. While certainly not being tortured in the physical sense by whips and chains, I do feel badly bruised mentally by the daily twists and turns in research gathering. I have a high level of anxiety that something with major implications for the portfolio could happen at any moment. Forget attempting to read through a 10-k to uncover possible Bill Ackman truths on a company -- in the back of my mind, there is a dark cloud that questions all positive findings on future performance.
On top of this, I feel helpless. What if I go to refuel on caffeine and miss a headline, will clients put me on public social media blast for not sending an update immediately that reads in the subject line: "BUY, BUY, BUY!"? That's totally unbridled lunacy, and I refuse to participate, and prefer to maintain a central focus on the fundamentals. But, wait a second, what are the fundamentals? It has become a term tossed around as freely as beer at a frat party....382 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.