You know what really bugs me? When people hedge. When they don't say what they mean, or mean what they say.
Take Wall Street. When is the last time you ever heard a firm simply say, "sell"?
It's always couched in some vague lingo — I can't make sense of it.
I really don't think these guys know any differently.
Take Morgan Stanley Dean Witter.
It's come out with a new stock-rating system that I have to tell you, confuses me big time.
I want you to listen to how they rate stocks now.
One of three ways: Overweight, equal weight and underweight.
What? What the heck does that mean?
And this is supposedly better than the old standard of strong buy, outperform, neutral, and underperform.
At least Prudential Securities has buy, sell, or hold. That, even I can understand.
But when you leave things vague, you leave yourself vague.
Just spit it out.
Do you like the stock or not? Are you recommending the stock or not?
No codes. No verbal gymnastics. Just a yea or nay, up or down.
I don't care if you are bullish or bearish. Just be something. Say something. Do something.
You get a big paycheck. Put that paycheck on the line.
Stand by what you say. People would much rather someone who sticks to his guns than someone who doesn't stick to anything at all.
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