Fannie Mae-No Politics (FNMA)

[LuLeVan]

Being right about investment strategy does not preclude being wrong about timing.

Wrong timing has probably been GB's biggest mistake so far.

And that's probably true of 95% of the others here, as commons and JPS are trading near 10-year lows.

Even Bill Ackman, who bought Fannie and Freddie commons at an average of $2.30, is down an estimated 75%. Yet Ackman is still sticking with his investment strategy. And that's professional.