George Gilder - Forbes ASAP Message Board

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Technology Stocks : George Gilder - Forbes ASAP

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To: M. Charles Swope who wrote (3460)	4/22/2000 1:09:00 PM
From: The Phoenix	Read Replies (1) of 5853

Charles, Again the thread is missing my point. I'm speaking of the fall out effect from GG's comments on those that don't read his letter - which I'm going to guess is the larger percentage of the investment community. That said you are right - he should not pump stocks without supporting info either since it adversely impacts those that are short who do have good insight into possible underperfoming sectors. I don't want you (or other to get me wrong) because I do know that GG has been right on occasion - even if it is simply reporting what others in the know already know. But, when he's short on news or info and manufactures it then that's what I have trouble with. I'm not saying that this is what occurs but I am saying that making comments on sectors without first understanding them is not in the best interest of investors... AND TO MY POINT - impacts those that are not investing based upon GG comments who in fact may have better data. AND MORE TO MY POINT. Anyone who reads GG and makes investements indicriminately purely based upon his comments without first doing their own dd is not an investor at all. And, dont' tell me that folks don't do this.. it's pretty clear that they do based upon the way stocks move on his comments. CNBC too... ever watch the ticker when they have CEO on making positive comments or when the "reporters" begin making comments on a stock. This heard mentality isn't investing... it's tulips. Andrew is one of these kind of guys. Admitting he couldn't invest so he started investing based upon Gilder... made him a quintillionairre. Andrew and others like him are lucky cuz it would have been tough over the past few years to create an underperforming portfolio in technology. This is not the case going forward I suspect. Time for DD - not luck. OG

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