I Hate Microsoft and Shareholders Should Too
I have been hearing that since I first got paid to do talk radio back in 1988.
Breaking News : I'm not objective. Neither are you. For the most part, objectivity remains a myth. Claiming objectivity is akin to passing off the lie that you've never had an impure thought.
Developing Story : I'm fair. I like to believe all humans strive to be fair to one another. In the financial media -- I know, this is a shock -- most people treat the individuals, companies and stocks they cover fairly.
It's easy to claim that a person is not "objective" or "fair" or is writing "negatively" to knock a stock down or "positively" to pump one up when you lack the first clue about the person.
I interact with a fair number of folks who cover the market daily -- writers from TheStreet and elsewhere. I know several well, some personally.
Double fist tap to the chest, man -- I've never worked or collaborated with a nicer crew. It shocks me that people covering Wall Street could be so cool.
I go a little inside baseball because I understand a considerable chunk of TheStreet's audience might consume a headline that includes I Hate Microsoft and fire off an email to Jim Cramer demanding my termination on grounds that I'm not objective.
I don't like to use the word hate. When I do I prefer to direct it at a thing or concept. In that respect, I have come to hate Microsoft (MSFT) .
Not the people at the company, but the idea of Microsoft, the entity. Think about how you "hate" a sports team.
Sure, I think Ballmer is nuts, but keep it in context; I'm not saying he belongs in a mental institution. I don't wish anything bad on the guy.
I spend my days and nights reading articles about companies and stock.
Nothing I see surprises me. Very little offends me. I can tolerate quite a bit. But, man, I just can't get past the cats who rip an author in the comments section of an article or on Twitter for "hating" or not being "objective" on a company or stock, particularly when it's a dog such as Microsoft.
Granted, Microsoft isn't in nearly as bad shape as Research in Motion (RIMM) (yet), but some of the same principles apply.
I'm talking about principles of investing, not similarities between the two companies, even though there are many .
RIMM bulls who trashed the bears misdirected their anger. It's the same thing MSFT (and Intel (INTC) ) bulls do today.