Maybe Fidelity Should Hire John Kerry, Champion Stock Picker
Fidelity Investments recently replaced the manager of their flagship Magellan Fund.
Maybe they should have tried to hire this guy named John Kerry, who made some very prescient stock picks this last year, to complement a long string of highly profitable stock picks reaching back over the past decade.
Oh no … wait a minute, if Kerry had made these investments as a private citizen, he would be facing the SEC, charges of insider trading and serious jail time.
But, apparently this Kerry fellow is a senator and “on the powerful Senate Finance Committee’s Health Subcommittee [which] gives him direct access to critical information regarding health care policy. In July 2009, pharmaceutical industry representatives met with key members of Congress to flesh out the Obamacare bill. Then, in November 2009, with the bill’s passage was [sic] looking more likely, [Senator Kerry’s and his wife’s] portfolios reflect a drug stock buying spree.” Well, in that case, no harm, no foul.
Professor Warren has declined to lend her support to the Occupy Harvard movement. This is a bit of a contrast with her earlier comment on the Occupy Movement that ‘I created much of the intellectual foundation for what they do. … I support what they do.’
On another front, the Greenway downtown is gearing up for their Winter Lights festivities. That is if they can ever reclaim Dewey Square from Occupy Boston.