Not that anyone should come to crabwalk.com seeking financial advice, but I’d like to point out I’ve been very happy with the money I’ve put into the Hennessy Cornerstone Growth Fund. Here’s an article on its unusual investing style, which mixes a defined stock-picking philosophy with the emotionless, mechanized appeal of indexing. I think it catches the best of both worlds, and the returns have been very good.
I bought in not long after reading this Glassman column in WaPo back in ’03. (Glassman is problematic in a number of ways, but he was, I thought, an excellent nuts-and-bolts investing columnist.) HFCGX has done well for me: up about 28 percent since then. Of course, YMMV.
In other personal-finance news: One of the most popular posts ever on this site was this examination of Suze Orman book covers, and the various ways in which the self-appointed pers-fi guru looks crazy on them.
Wandering through Borders the other day, I saw Suze’s new book, The Money Book for the Young, Fabulous & Broke. (Which may well describe me after I get through buying new wheels to replace my totaled Mitsu.)
Anyway, Suze — ever the innovator — has found a new way to look crazy. I call it the “You can put highlights in the hair, but you can’t take the crazy out of the eyes” crazy. She should consider patenting it.
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You missed the other way that Orman has become crazier: she signed that deal as a spokesperson for a GM financing plan that is in contradiction to her advice on car buying and financing. In other words, her generally good advice (I’ve read her fairly regularly and find her sane in print–can’t watch her on screen) has been completely compromised. Very weird career move. And she’s still been retained on stations that should have canned her for taking a commercial deal like that.