alpha_reader

Restoring Credibility to Ambac and MBIA

Very good and detailed major point about rating agencies. Recommend!

I would fix the point about Ackman.
He definitely has no obligation "to lead investors", so here is nothing to be blamed for.
Mass media claim having the obligation, they created "Ackman phenomenon" and their role, though being critical, is not cleared here.

Even more, Ackman actually DID what he told, as opposed to investment banks practices, providing analysis with the purpose to benefit from doing opposite, as it was most probably done recently by JPM to ABK.
By the way, is here any proof that Ackman did it on purpose vs. he believed in what he was talking about?

Investors should avoid scapegoating on lousy sentiment for the sake of fair analysis.

Just thoughts, opinions welcomed.

Disclosure: Only long on ABK and MBI since Jan,08.