Eddy Elfenbein

Mutual Savings Banks: The Biggest Secret on Wall Street

Sorry Steve, but I have to disagree with you on both counts. The first statement is a statement of opinion, which you’re free to disagree with, but it can hardly be called an error. Lots of people believe that there are many great mutual savings banks out there. For example, Peter Lynch, the legendary mutual fund manager, has mentioned MSB conversions many times. The second item you take issue with is from the Wealth Effect, not me. But still, the MSB IPOs I’ve listed clearly show that these have been great investments. Thanks for the feedback. - Eddy