About GE

Comprehensive NYT article re GE:

http://www.nytimes.com/2007/07/22/business/yourmoney/22ge.html


Now, years after 9/11, and GE stock has done poorly during that time, this article presents as a "given" that when 9/11 happened it was "clear" that GE would suffer. I certainly thought it would, but saw no discussion of this in GE filings.

But GE, like Enron, was hiding so much (mistakes, who knew) in GE Capital, now GE Money, and never said a word about its liabilities in this regard, at the time.

GE then was One Black Box. It still may be (I haven't tried to study its financials recently) and I would guess it still is.

The above having been said, it was the "dirty little secret" of money managers during the 1980's and 1990's that to do well, just buy and hold a lot of GE. Overweight it.