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Motley Fool Hidden Gems Investing

Motley Fool Money: 12.18.2009

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 18 December 2009

⏱️ 19 minutes

🧾️ Download transcript

Summary

Fed Chief Ben Bernanke is Time Magazine’s “Person of the Year”, but who would we pick? This week we look back at 2009 and discuss the underplayed stories of the year, as well as the company of the decade. All that plus three stocks for 2010 and beyond. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to Monty Fool Money. I'm Chris Hellen. I'm joined by Monty Fool Senior Analyst Seth

0:08.9

Jason, James Early, and Shannon Zimmerman. Guys, good to see you. Good to see you.

0:13.0

It is. Very special show today, guys. A very special episode. A very special, yeah.

0:17.6

Like an after school special. It's not just our last show of the year. It's our last

0:21.4

show of the decade. Because we're being fired. All of us. It's all going to end sometime,

0:27.8

speak to yourself, Seth. We'll talk about some of the big stories of the decade and the year

0:31.8

and we'll talk heroes, goats, come back companies, and as always, we'll share a few stocks on our

0:36.5

radar. But let's begin with the announcement this week from Time Magazine of their person of the

0:40.9

year. And it's our guy, our Fed chief, Mr. Ben Bernanke. Shannon, wouldn't you think? Yeah,

0:46.7

I think that, you know, I understand that Man of the Year is not an endorsement designation.

0:50.5

I was talking with the Mac, our producer earlier, apparently Stalin was person of the year at some

0:53.9

point. Followed by Hitler. Yeah, I didn't realize that. But I don't know. I don't know. Get this

0:58.2

really. Yeah. I got to get up in my person of the year history. But I have realized that it's not

1:03.0

an endorsement. But even if it, you know, is not necessarily an endorsement of Bernanke, why him?

1:08.4

To me, he has sort of revealed himself to be, and I know that sounds a bit harsh, kind of mediocre.

1:13.4

You know, so here's a guy who was a depression scholar who was presumably well prepped for what

1:17.8

has happened. And he missed it. And now in the aftermath of what appears to be the aftermath,

1:21.7

he's airing on the wrong side of his mandate. The Fed's mandate is to maintain price

1:25.6

stability and to get us as close to full employment as possible. And here he's talking, you know,

1:29.4

fiscal hawk is here at a time when we have doubled the unemployment and no inflation.

1:33.7

Definitely not Bernanke. That's so unfair. I mean, how do you know we wouldn't have had depression

1:38.5

too, but worse without him. How do you know that Bernanke doesn't also keep tigers away?

...

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