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Technology Stocks : George Gilder - Forbes ASAP
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To: Mark Fleming who wrote (5053)10/19/2000 3:10:39 PM
From: Bernard Levy  Read Replies (2) of 5853
 
And one more thing, and I will let the Gilderites
frolic in the light provided by the great guru.
George Gilder makes no secret of his conservative
views. As someone who is also a conservative, I
would like to point out that the general goal of
conservatism is to foster individuals who are self-reliant,
which in investing matters means that they do their own
research, burn the midnight oil in understanding
technologies, and then armed with this hard work
proceed to invest. In contrast, GG's web site
advertises that his subscribers should leave the
arduous task of understanding technology to him.
Isn't it a problem for someone who claims to
be a conservative to foster dependency? Dependency
on GG's newsletter is no better than dependency
on the government. Some of Gilder's subscribers
use his newsletter as a small component of their
overall DD, and I have no problem with that, but
for many, their investment strategy consists
primarily in downloading the letter, finding the pick
of the month, and then clicking a buy order
followed soon by a sell order when the frenzy has
reached its peak.
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