Harry-- No offense, but your posts to Charles have been very combative. Basically, Charles presented a realistic assessment of one of the non-optimal things AMD has done in the last year. You felt the need to launch a series of diatribes to prove that AMD management is perfect and does everything smashingly. As far as I'm concerned, you bludgeoned (NOT with the strength of your arguments) Charles about three times, and he made three attempts to have polite discourse, in good faith, with you. After these attempts, he essentially said, "I can't have discourse with you. Let's stop." You then responded to him again. He told you to blow off. In other words, his semi-impolite tone was only in response to your considerably more impolite tone.
AMD has done extremely well in the last year, but execution can never be flawless, and it is foolish to not discuss non-optimal choices and how they can affect the future. Once you reduce your ownership in a stock to "salvation through faith alone," you're in RAMBo or Dell-land. There is a collection of a few dozen stocks where such faith, if placed during certain time periods, has been prodigiously rewarded. However, for the other 7000 or so stocks, this faith would not have resulted in above-average investment performance.
-Eric |
