<<that sad, sad, mad tale>>
struck a bit too close to home, if you ask me... :0))))
I mean, folks here understand, I hope, that the rest of the world thinks that we're just like the "Wavoids," right? Of course I don't think so, but that's just proof that I'm a member in good standing of the cult...
This was brought home to me yet again the other night when a friend invited me to a Yankee game along with a couple of hedge fund managers. I naturally started quizzing them about what they did, how they developed their strategies, whether they were in tech, etc. etc. They were taken aback by my combination of rank amateur status and knowledge of certain market sectors and companies. Finally one guy asked me how, given that I was a mere policy wonk who had only started dabbling in this stuff a few months ago, I could produce such instantaneous and sophisticated analysis of, say, the recent Brocade announcement.
Given such an opening, I promptly started babbling about the cult, beginning with something about how the best Brocade analyst I knew was this baritone with the Vienna State Opera who had posted his thoughts on the board that morning. The combination of shock, discomfort, amusement, and condescension was about what I would have received if I had asked them to hold hands and kneel in the aisle while I baptized them with the Bud man as witness....
Someone asked the other day what my "professional" investing biz buddies were saying to me now that our favorites had tanked so severely. By and large, they feel that I got lucky in catching a particular market "wave," confused brains with a bull market, and suffered because I held on when the "obvious bubble" burst. The recent Qualcomm stories and drop have confirmed all of that for them, and my insistence that nothing is fundamentally wrong is seen as proof that I "fell in love" with my picks and don't have the objectivity to recognize what was (and is) going on. If all this negative stuff does indeed prove to be FUD, then they'll have a lot of crow to eat; if not, well, I'll be in a fowl mood...
tekboy/Ares@stillupmoreoverlast12monthsthananyofthem.com |
