No. of Recommendations: 3
Some unfortunate woman called Cramer the other night to say that she had owned Fannie and Freddie preferred stocks, which essentually no longer exist. I feel sorry for her, but the fact is that if you do not monitor your investments, this is what can happen. Nobody with any sense has held any of that stuff for quite some time. Simply too much risk.

Bill Miller? Leggs Mason Value Trust? Oh, yeah, stupid investor who just proved that stocking picking isn't as easy as some suggest.
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