...3. Do not invest in the stock market. If you have any extra cash, put it away in a savings account or, if you can, pay down on your mortgage so you can own your home as soon as possible. You can also buy very safe government savings bonds or T-bills. Or just buy your mother some flowers....At the time the Dow Jones Industrial Average had already made a dramatic recovery from the March '09 closing low of 6547.05 and closed the day of our post at 10081.31.
This past Friday the index closed at 16,924.28, an approximate 68% gain.
Despite his $50-100 mil net worth Mr. Moore is adamant he is not a member of the 1%, some links below.
From the Smoking Gun:
JUNE 5--With his divorce trial looming, Michael Moore is battling his wife over the valuation of the couple’s assets, while branding her a spendthrift who “unilaterally wasted a large percentage of the marital funds” building a lakefront mansion that has prompted mocking news stories about the activist filmmaker’s wealth.
Moore and Kathleen Glynn are scheduled for trial next month in a Michigan courtroom not far from the sprawling Torch Lake residence that thePreviously:Hollywood power contends became a money pit that cost five times what his wife claimed she would spend on the home.
Moore, 60, and Glynn, 56, were married nearly 23 years ago and have no children. According to court filings, the couple (seen at right) differs on when they separated. Moore claims it was in August 2010, while Glynn says the pair parted last June, when Moore filed for divorce in a Michigan Circuit Court.
While witness lists submitted to the court are filled with the names of assorted property appraisers, Moore has reported that he intends to call Hollywood super agent Ari Emanuel as an “expert witness.” The nature of the expected testimony from Emanuel, co-CEO of the William Morris Endeavor agency, is not described in court papers. Moore has also included Morton Janklow, one of the country’s top literary agents, on his witness list.
Glynn’s witness list includes experts who will testify about the value of Moore’s web site as well as the director’s “celebrity status and continued ability to earn an income.” Glynn produced several of Moore’s films, including “Fahrenheit 9/11,” the highest grossing documentary ever. Like Moore, Glynn is a Flint, Michigan native.
Included among the nearly 300 items on Moore’s trial exhibit list are six stories published in 2011 about the Torch Lake compound. Each of the articles described the luxury residence, while some of the reports noted that the Occupy Wall Street supporter was living like a member of the “1%.” One story described the residence as “Moore’s $2M hypocrite house,” while another article’s headline declared that the director’s “Massive Michigan Vacation Mansion Beyond 99 Percent’s Wildest Dreams.”
Moore and Glynn jointly own “multiple substantial residences and multiple companies,” including Dog Eat Dog Films, the production company behind hit movies like “Roger &Me” and “Bowling for Columbine.” The couple’s real estate holdings include a total of nine properties in Michigan and New York. The duo co-owns a Manhattan condo that was created through the combination of three separate units.
But it is the northern Michigan mansion (seen above) that appears to be the couple’s most contentious asset, and bad press about the home has apparently rankled Moore.
Citing “massive cost overruns” on the home, which was completed a few years ago, Moore has accused Glynn of causing the pair significant financial setbacks. In fact, he refers to the extravagant residence as “her Torch Lake home” in court filings....MORE
March 2010
Follow up: "Michael Moore: Financial/Nutriton Advisor"
August 2011
Michael Moore Demands S&P CEO's Arrest and Reconsiders Finance/Nutrition Career
Oct. 2011
Michael Moore "Is Not in the 1%"
March 20 2012
Michael "I'm Part of the 99%" Moore Heckled at #Occupy Rally
Years ago Mallet du Pan said "A l'exemple de Saturne, la révolution dévore ses enfants"
(...the Revolution devours its children)
You've got to wonder what the hell wannabe revolutionary (and nutritionist) Moore's been devouring.
