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Take Warren Buffet for example. Why has the guy been able to perform better than any Wall Street Guru. Because he doesn't change his profolio every quarter. I mean, man, if you to do that for every one of your stocks every quarter for 4 quarters, you are loosing tons of money on commissions. Imagine all that work, trying to predict interest rates and changing your profolio every 3 months. Nobody knows what's going to go on with interest rates. So, why try to predict it. As long as inflation is not high who cares. On an average of 10% return on stocks, even if 30 year bonds were at 7% it's still a good deal. And most people make more than 10%. So, why worry? These fund managers obviously don't know what they are doing, 3 months it's a buy for intel, 3 months its a sell ofr intel. Everybody wants to catch the stock when it's at it's hottest. Heck, when it's at it's hottest is also when it's the most expensive time to buy. You have to buy when it's not at it's hottest. I can't think of any company that makes earnings estimates every single quarter. let's face it, it's not possible. Companies are going to have a bad day occassionaly. Who can score 100% every day on their test. Even michael jordan has his bad days at the basket ball quart. Does that make michael jordon a looser? Of course not. He's still a great player no matter what. Garry Kasprov lost to IBM's big blue, does that make him a bad player? I'd bet on Garry Gasprov than any other chess player in the world. It's too bad people just don't use their common sense. I think people should THINK INDEPENDTLY and make their own decisions. Given what I've seen on T.V., those boosos don't know jack. In fact, I think there is a consipercy. They probably rate the stock lower so their clients can get it on it. |
