We finally stumbled across an intelligent Google bear this week: The wise John Hussman of Hussman Funds. Hussman is one of the few active fund managers who can consistently defend his investment strategy with deep analysis and facts (as opposed to hunches, trends, common wisdom, and other hot air). Hussman’s weekly reports, which frequently torpedo the “expertise” spewed all day on CNBC et al, are invaluable.
This week, Hussman weighed in on Google. Here, unfortunately, we have to disagree with him. (Not because we think Google won’t tank–it might–but because we think he’s missing something)…
Hussman on Google: Low Barrier, Bad Investment – Silicon Alley Insider