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"The thing you've got to understand about Kurlak," says a hedge fund manager, "is that he's an entertainer. He's never been about fundamental research. He's about showmanship."
Tom Kurlak, IMO, is this generations Joe Granville. He has made some well timed lucky calls - but just like Granville, Dan Dorfman, and Elaine Gazarelli before him, Kurlak at the top of his game has a huge following. His followers don't really care how he arrives at his conclusions - they will do whatever he tells them to do.
In some ways, this is more similar to the Heavens Gate, Jim Jones, and Elmer Gantry type of thing. The more he is believed in, the more omnipotent he feels, and he soon starts to believe he can see things that other analysts can't see.
However, just like Heavens Gate, Jim Jones, Elmer Gantry et al, he is right until he is wrong. And inevitably he will be wrong and will end badly - with many people losing a lot of money following his show time calls without question.
On the other hand, if Kurlak is just a street smart master psychologist - he could conceivably make one more dramatic downgrade before reversing himself again and ride Merced into the next millenium.
In any case, Tom Kurlak's luck cannot last forever, and just like Granville, Dorfman, and Gazarelli before him - he will go off into oblivion sooner rather than later.
Intel will be around for quite some time to come.
Mary Cluney |
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