{"id":3629,"date":"2010-11-16T12:37:32","date_gmt":"2010-11-16T19:37:32","guid":{"rendered":"https:\/\/a99kitten.com\/?p=3629"},"modified":"2010-11-16T12:37:32","modified_gmt":"2010-11-16T19:37:32","slug":"good-advice","status":"publish","type":"post","link":"https:\/\/a99kitten.com\/?p=3629","title":{"rendered":"Good advice"},"content":{"rendered":"<p>At my old job, we worked with and managed money for Steinhardt Partners. Michael Steinhardt has long been considered a very smart money manager. My old boss always said he was brilliant, even if prickly. <\/p>\n<p>He was on CNBC this morning. When asked what he would do if he just received a big allocation from the upcoming GM IPO: Sell.<strong> &#8220;As quickly as I can. I don&#8217;t think one should be a long-term holder in government securities, particularly government equity securities.&#8221;<\/strong><\/p>\n<p>Sad and pathetic that General Motors is considered that. But true. Same goes for GE, BAC, C and more. Ugh.<\/p>\n<p><object id=\"cnbcplayer\" height=\"380\" width=\"400\" classid=\"clsid:D27CDB6E-AE6D-11cf-96B8-444553540000\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=9,0,0,0\" ><param name=\"type\" value=\"application\/x-shockwave-flash\"\/><param name=\"allowfullscreen\" value=\"true\"\/><param name=\"allowscriptaccess\" value=\"always\"\/><param name=\"quality\" value=\"best\"\/><param name=\"scale\" value=\"noscale\" \/><param name=\"wmode\" value=\"transparent\"\/><param name=\"bgcolor\" value=\"#000000\"\/><param name=\"salign\" value=\"lt\"\/><param name=\"movie\" value=\"http:\/\/plus.cnbc.com\/rssvideosearch\/action\/player\/id\/1646808368\/code\/cnbcplayershare\"\/><embed name=\"cnbcplayer\" PLUGINSPAGE=\"http:\/\/www.macromedia.com\/go\/getflashplayer\" allowfullscreen=\"true\" allowscriptaccess=\"always\" bgcolor=\"#000000\" height=\"380\" width=\"400\" quality=\"best\" wmode=\"transparent\" scale=\"noscale\" salign=\"lt\" src=\"http:\/\/plus.cnbc.com\/rssvideosearch\/action\/player\/id\/1646808368\/code\/cnbcplayershare\" type=\"application\/x-shockwave-flash\" \/><\/object><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At my old job, we worked with and managed money for Steinhardt Partners. Michael Steinhardt has long been considered a very smart money manager. My old boss always said he was brilliant, even if prickly. He was on CNBC this morning. When asked what he would do if he just received a big allocation from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[746],"tags":[],"class_list":["post-3629","post","type-post","status-publish","format-standard","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/a99kitten.com\/index.php?rest_route=\/wp\/v2\/posts\/3629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/a99kitten.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/a99kitten.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/a99kitten.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/a99kitten.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3629"}],"version-history":[{"count":5,"href":"https:\/\/a99kitten.com\/index.php?rest_route=\/wp\/v2\/posts\/3629\/revisions"}],"predecessor-version":[{"id":3634,"href":"https:\/\/a99kitten.com\/index.php?rest_route=\/wp\/v2\/posts\/3629\/revisions\/3634"}],"wp:attachment":[{"href":"https:\/\/a99kitten.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/a99kitten.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/a99kitten.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}