News Flash: NBC Stands for Never Believe Corporate

Riches serve a wise man but command a fool. - Old saying

The smell of profit is clean and sweet, whatever the source. - Juvenal

Whether you are a Dave, Jay or Conan fan, I think most people will agree that NBC has turned this late night situation into a farce. The first mistake they made was promising Conan “The Tonight Show” years ago when they were in contract negotiations. That forced them to move Leno last year. This was not a move that Leno wanted. He never wanted to vacate the seat he had inherited from Johnny Carson. To placate him, the executives gave him the 10:00 hour five days a week. Everybody but those execs knew it was going to fail, and now, seven months later, these same people make an even worse move.

In a perfect world, NBC would lose both Conan and Leno. One would go over to Fox and the other to another network and the three late night hosts would all go head to head…to head. NBC receives a major failing grade on this one.

The Morningstar Fund Investor gives us the managers of the year in the most recent publication. They also provide insight into “Where to Invest in 2010 and Beyond.” They also supply great information about what’s going on in the mutual fund world. For example, did you know TCW bought Metropolitan West Asset Management and fired Morningstar’s 2006 Fixed-Income Manager of the Year, Jeffery Gundlach and his team. Gundlach is establishing his own firm and many of his top people have already jumped ship, leading to mass redemptions at TCW.

Over at the Hightower Report, it’s drive-thru investing as “Society Fixated on Instant Gratification.” Hightower’s point is that uneducated officials and un-informed journalists create a bias based on assumptions of prices that are far from true if one looks at the statistical evidence. With all the talk about gold and crude oil, would you believe they weren’t the best performing commodities last year? Gold didn’t even make the top 10!!! Copper and sugar were the best performers with returns of 137% and 128% respectively. Crude came in fifth and gold came in eleventh.

The “Mid-January 2010 Update” at the Buyback Letter gives us updates to the “Buyback Premium Portfolio.” This portfolio has outperformed the S&P 500 by more than 66% since it started back in 2000. There are also recommendations to liquidate two holdings and replace them with two others. David Fried also helps new subscribers to the newsletter start by choosing five holdings to get going.

For the best analysis in the game from the brightest minds in the business, ZepInvest is where you find it. It’s like a buffet at your favorite restaurant. No matter what you are feeling, we have something that will satisfy you…just leave a little room for dessert.

For more information, please go to http://www.zepinvest.com.

Print this post