Pat's quite a character. It doesn't matter how long I've got to wait to see him, it's worth the wait. As I sat waiting last weekend, I overheard Pat's conversation with the nearly bald man in his chair. That's the question investors need to ask if they're interested in a Mountain View, Calif., company called Handspring, which went public on Wednesday. Not all sector spikes hurt fund managers, Duff Young says.
Markets always come back.
Besides, most experts and financial advisers agree that buying and holding is the best way to achieve excellent long-term returns. The guy's a pistol, a Gaelic dynamo you can imagine slapping cyclists on the back in encouragement as they struggle up a Tour de France mountain stage. Ask him how he took a French utility to the top echelon of media companies and he'll probably give you one of those French pouting shrugs. Just imagine the tortured pantomime that'll ensue when that sort of body language is alone in a room of silent Hollywood producers.