Two Winning Stocks for the New Economy
Updated from 11:57 a.m.EDT
Let's take a step back and respect history for a second.
AIG (AIG), a $200 billion insurance behemoth, was started right after World War I by scrappy and persistent Cornelius Vander Starr as he went from boat to boat selling insurance at the ports of Shanghai with $1,000 in his pocket. Lehman Brothers was started 158 years ago by three cotton sellers from Montgomery, Ala., who, like so many others after them, decided to get into the trading game and began trading their cotton.
These were great companies, started by creative entrepreneurs who looked for every opportunity to make a dollar and resisted the temptation to quit when things were difficult. It's a shame that because of FASB 157, combined with a run on the banks, these companies are now out of business. But that was a risk the management of the companies took, and they lost their dangerous bet. Time to move on.To find out how, please click here.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV