Loser Leaves with Tail Between His Legs

I was asked by a manager at Merrill Lynch if I thought I was smarter than Bob Doll of BlackRock? Why don't you ask my clients how they are doing?


Doll, known for his bullish stance on stocks, said in January that U.S. equities would produce double-digit returns in 2012. The benchmark Standard & Poor’s 500 Index advanced 1.6 percent this year through June 4. Fink, who co-founded BlackRock in 1988, has been touting equities while warning about the dangers of staying in cash-like products and focusing on short- term investing.