Doug:
I'm quite glad to help, whether by providing sage, cautionary advice to misguided bears or by sheer amusement value, as in your case.
As to your points, you probably didn't think DOS represented much of an achievement in software, but they managed to build a pretty good company around it.
Perhaps you've also read Moore's chasm books about high tech marketing and what it takes to win these battles. The best technology ain't it.
As for some suggestions about how you can get a better rounded investment education, I'm at a loss. I've spent 25 years learning enough to know that I am probably not smarter than all the other investors out there. When something is happening that seems out of whack to me, I try to figure out what everyone else knows that I don't. Here I see post after post about how foolish all those other investors are, insisting that "it's going to tank!!!!!"
All I have ever said is that AOL is a very bad short, and a good speculative holding within a portfolio because there is a lot of upside that (until recently) was not reflected in the stock or investor attitudes about it.
You know, I've played a lot of poker, with some fairly good success. There's a saying in poker that if you don't know who the sucker is at the table, then it's probably you.
So, here are your choices, either you are THE smartest investor in the world and one of the lucky few to figure out the AOL sham, or... |
