NEW YORK (TheStreet) -- I'm not a Barack Obama fan.
That said, I often feel the need to stand up for a politician when a counterparty calls him or her a "flip-flopper." We officially ventured south of the lowest common denominator when random zealots assigned that label to John Kerry. It was even difficult for me -- a supporter of gay marriage -- to not brand Obama a flip-flopper when he recently 180'd on the issue for obviously political reasons.
I, like everybody else, must set my cynicism aside, give thinking humans the benefit of the doubt and consider their actions more critically. Folks like Kerry and Obama -- as well as the many Republicans who have switched sides on an issue -- often do so after a great deal of introspection. Heck, even my idol Bobby Kennedy "flip-flopped" on civil rights, Vietnam and his decision to run for president.
America's latest flip-flopper, albeit on a smaller scale, Business Insider CEO and Editor-in-Chief Henry Blodget merits more than the benefit of the doubt. He deserves your respect and undivided attention. In fact, his 24-hour hop from one side of the Facebook (FB) fence to the other might end up one of 2012's biggest lessons for investors.
Flip-Flopping Can Be Healthy in InvestingAs an investor, you've got to know yourself well. Often, when you change your mind on a company or stock, you've made a hasty and emotional decision. Had you only been more patient, things might have worked out. Sometimes, you just have to stay the course. Times do exist, however, when you change your mind and you're better off for it. While you might call him a flip-flopper, I have great respect for Blodget. He published an article on May 30 at 5:15 p.m. -- PAGING MARK ZUCKERBERG! People Want to Hear From You ... -- that I thought was patently absurd. I reckon I was ready to rip him a new one. I was about to go all Felix Salmon on him. I was set to brand him, in the spirit of the great Steve Jobs, nothing but a "bozo."
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