{"id":202,"date":"2009-08-07T08:26:00","date_gmt":"2009-08-07T12:26:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=202"},"modified":"2018-08-23T09:24:49","modified_gmt":"2018-08-23T13:24:49","slug":"that-paragon-of-arrogance-aig-reports-profit","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2009\/08\/07\/that-paragon-of-arrogance-aig-reports-profit\/","title":{"rendered":"That paragon of arrogance, AIG, reports profit"},"content":{"rendered":"

That paragon of tremendous arrogance and horrible corporate “empire-culture,” AIG<\/span>, reported its first profit in a year and a half yesterday. Gasp! If I sound bitter it’s because AIG<\/span> was one of the worst investment mistakes of my life. Why? Because the pompousness oozed from AIG<\/span> – and overwhelmingly I steer clear of arrogance; yet, with AIG<\/span> I did not. Consequently, I lost my shareholders a lot of money and myself, too. Still it’s good that the world’s largest insurer is finally making money again.<\/span><\/p>\n

AIG’s<\/span> CEO, Liddy<\/span>, said that there were signs of stabilization across many business lines. However, he said the core insurance business has remaining challenges. I still own shares of AIG<\/span> and am glad that the share price is finally recovering. Oh, and did I mention that you are a shareholder, too? The U.S. government owns 80% of AIG<\/span>, so expect that refund check sometime soon. Yeah, right!<\/span><\/p>\n

Anyhow, it’s clear that AIG<\/span> is a leading indicator of stabilizing economic fortunes worldwide because the Company operates in damn near every country in the world. Whew, I know you’ll sleep easier tonight because of that.<\/span><\/p>\n

I hope that each of you has a fab weekend. I have a guilty pleasure to confess – I am anxious for the new G.I. Joe movie to come out. Please forgive me, but I love Snake Eyes and Storm Shadow. Cool, with a K: Kool<\/span>.<\/span><\/p>\n

Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

That paragon of tremendous arrogance and horrible corporate “empire-culture,” AIG, reported its first profit in a year and a half yesterday. Gasp! If I sound bitter it’s because AIG was one of the worst investment mistakes of my life. Why? Because the pompousness oozed from AIG – and overwhelmingly I steer clear of arrogance; yet, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-202","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=202"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/202\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}