Write-Offs: 10.13.10

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$$$If you drink it, we follow it,” Gabelli said today of Deerfield, Illinois-based Fortune Brands, saying it’s a good bet for investors with a five-year time horizon. “Bourbon is an interesting product that the United States makes.” [Bloomberg]

$$$ Amid customer complaints that the Seattle-based coffee chain has reduced the fine art of coffee making to a mechanized process with all the romance of an assembly line, Starbucks baristas are being told to stop making multiple drinks at the same time and focus instead on no more than two drinks at a time—starting a second one while finishing the first, according to company documents reviewed recently by The Wall Street Journal. [WSJ]

$$$ Norwegians convicted for outwitting algos [FT]

$$$ Bloomberg Markets mag ranks the world's best stock pickers:

10. Sandler O'Neill and Partners
9. Alphavalue
8 Sanford C. Bernstein
7. Barclays
6. JPMorgan

5. Citigroup
4. Credit Suisse
3. Deutsche Bank
2. KBW
1. Goldman Sachs

$$$Who needs George Soros? [TDB]

$$$The economist’s reply to the “Inside Job” [FT Alphaville]

$$$Penney Hires Goldman For Defense Against Ackman [Dealbook]

$$$JPM Adds Staff, Trims Pay [FINS]

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