I tend to like nice guys. Don't we all? One of my favorite investors is John Templeton. Years after his death, he's still acknowledged as an exemplary person and great investor. But you don't have to be adorable to be a good investor.
As a deregulation romance novel, hedge-fund manager Daniel Loeb's "investor letter" is a bodice-ripper. It's the latest salvo in an ongoing war against real financial regulations that protect the American people.
You can't buy the kind of free publicity extended by today's New York Times, which quotes extensively from Daniel Loeb's political rant in, "Why Wall St. Is Deserting Obama," a 1,200-word piece devoid of critical analysis.