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Kass: The Smart Guys Continue to Lose

Stock quotes in this article: BAC , C , TGT , ZLC , MBI , SHLD , BRK.A  

This blog post originally appeared on RealMoney Silver on Nov. 26 at 8:01 a.m. EST.

I am particularly struck by the recent series of high-profile investor blunders by the "smart guys" -- namely, large corporations, entrepreneurs (especially of a real estate kind) and savvy investment and hedge fund managers -- which are proof positive how difficult 2008 to 2009 might end up being for investors.

-- Doug Kass (Jan. 7, 2008)

Back in January, I wrote that smart guys were losing their shirts, a sign for us mere mortals that the going was getting tough this year and next. ...

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