NEW YORK ( TheStreet) -- I never rule out going back to school.
Between undergraduate and graduate school, I spent about six and a half years entrenched in academia. By and large, those years were some of the greatest and most satisfying of my life.
I am all for self-education, but there's nothing like participating in the exchange of ideas that happens in the classroom.
The political wackos have it all wrong, by the way.I attended one of the nation's most "liberal" universities, San Francisco State, for four and a half years. I also attended the University of California, Irvine, which is situated in conservative Orange County, for two. At both institutions, professors bent over backwards to not only air, but respect views from conservative students to ensure diverse and meaningful dialogue. > > Bull or Bear? Vote in Our Poll If I ever go back, I'll likely take up graduate study in a discipline where I can focus on investor psychology. That doesn't seem like a very political area, but, in many ways, it's inherently political. I can envision a dissertation such as Do Politics Influence the Stock Picks of Retail and Institutional Investors? At all levels -- from individuals to professional fund managers -- sociopolitical conviction, to varying degrees, absolutely enters the picture when selecting investments. Can you get long a company's stock despite your sociopolitical disdain for the way it operates, something some segment of it does or somebody or something it directly or indirectly associates itself with? Most recently, we had to endure the seemingly senile ramblings of former General Electric (GE - Get Report) Chairman and CEO Jack Welch. You know, his inane Tweet that Obama's boys rig the jobs numbers that come out of Washington. Even if Welch still had the faculties to run GE, I would consider owning the stock. It's a fine company. Among other things, I love that GE has a 49% stake in Comcast (CMCSA - Get Report)-controlled NBCUniversal. For similar reasons, ( explained in this article), I am long News Corp. (NWSA - Get Report). In fact, for a small-time guy, I own a considerable position: 950 shares at a cost basis of $24.57. Almost across the board, NWSA makes a wonderful investment. And, now that it's set to spin off its woefully performing publishing arm, cue up my favorite Wall Street analyst cliche: The move will unlock value for shareholders. While he can be a charming fellow (saw him do a nice enough interview on CNBC a few weeks back), News Corp. top dog Rupert Murdoch ultimately will share rice pudding, afternoon bridge games and early-evening reruns of The Jeffersons with Welch. You really have to hold your nose to own a company run by a guy who has a hard time with impulse control and management of his Twitter feed.