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October 27, 2005

That titan of integrity and fiscal probity, Henry Blodget, snarkily comments on Ben Bernanke's financial holdings. In the midst of the snark, Blodget observes that Mr. Bernanke directly holds only a single stock, Altria. Blodget notes that it's outperformed the S&P for many years but claims it's a "mystery" why Bernanke owns it.

Yo, Henry, take another look at the chart. A little better than buying Pets.com, wouldn't you say?

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David Foster

If HB believes that active portfolio management is pointless, how does he justify his own former career as an investment analyst?

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