Tuesday, August 17, 2010

Rating Agencies

It's nice to be small and not worry about the politics of posts.

After meeting several Moody's employees, reading about them, and most importantly playing with and understanding their models and rating methodologies I have formed a terrible opinion of rating agencies as a whole. If it could be helped I wouldn't trust them with a dime of my money.

The good news is that wise investors know this already.

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