Main image

Lunchtime CEO Stock Picks

31st July
2010
written by Dr. Leslie Gaines-Ross

   Who would have thought that who you lunch with matters? A new way to pick stocks is revealed in BusinessWeek. Research found that if you bet on the CEOs that President Obama has dined with since taking office, you’d be outperforming the S&P 500 index. The six luncheon set of CEOs he has met with outperformed the S&P by more than two percentage points.  The article points out the the President is obviously only going to dine with winners, not losers or scandalized companies, so it makes commonsense.  Although this strategy for stockpicking  is not recommended, it is hard not to think that there is some smart thinking behind the CEO luncheon invitations.  Just get out your list of most admired CEOs and see if they are dining at the White House and away you go.

Forget that economics or business degree. This may be a lot easier.

Tags: , ,
CEOs, Presidential reputation, Research

4 Comments

  1. Scottrends
    27/08/2010

    I’m probably blind, but I’m not seeing a date on this. I’ll have to check out BusinessWeek for the tips you mentioned. Thanks for the direction!

  2. Dr. Leslie Gaines-Ross
    30/08/2010

    Let me know if you can’t find it and I will search. Best, lgr

  3. A1 Stock Picks
    31/08/2010

    Nice news – I never would have guessed that but could there be something going on under the table? Why do you think they are doing so much better and what do you think they were discussing with Obama? Sounds a little iffy…

  4. Dr. Leslie Gaines-Ross
    31/08/2010

    I don’t think anything was going on under the table. I think this is one of those quirky things that is fun to speculate about. I imagine they were all talking about the economy and business and what they need from each other. And I think that everyone probably paid for their sandwiches! Or brown bagged it! Best, lgr

Leave a Reply