Is there some Derrick Niederman in Cliff Cavanaugh?
Probably, although Cliff can’t write worth a lick and my sleuthing capacity is conjectural at best. I started out as a fixed-income analyst about 20 years ago. I soon moved to equities, and by the time I joined Fidelity in 1987, I was an investment columnist, not an analyst. So I’ve gotten progressively more qualitative as time has gone by. Cliff, by contrast, is a few years younger than I am and worked as a portfolio manager for individuals. He discovered that his job required more handholding and less investment bravado than he was envisioning, so he set out to manage money on his own. For the record, I’d never even consider the day-trading lifestyle that Cliff blunders into.
