Greg,
>I see your posting provided ample fodder for the rest of the thread, who raked you over the royal coals.
I don't feel "raked over the royal coals" at all, just the spark that ignited some thought provoking discussion.
>I can only add that just because someone makes money on one stock, does not mean they are a successful investor.
Agreed.... unless, your reference was to my discussion of RAIN in which case I assure you it is not the only successful stock in my portfolio.
>Frank Armstrong's book explains why some of the techniques advocated by the Fools are poison.
My reading of his chapter on Fund Managers would suggest that he also disagrees with The Brink's Model Portfolios' inclusion of some 20+ Funds that are non-index funds, managed profitably by very capable Managers.
>However, picking individual winners is not the way to Critical Mass..no matter what Fool tells you differently.
Here is where we disagree, sort of. For most investors, picking stocks based on other people's ideas is a dangerous and risky enterprise. For others, like myself, who devote full time efforts in this direction, results can be very rewarding.
One last point: Last Saturday I was driving the family back from Alabama when I heard about the first 40 minutes of the Fools. Most of that time they were touting the benefits of S&P Index Funds, not unlike The Brink's frequent recommendations.
Come on, folks, give 'em a little bit of credit....it's new year, chill out, be happy, get those chips off your shoulders....life's too short.
Allan,
Still King of France |
