Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: MeDroogies who wrote (2549)	3/23/2001 1:14:56 PM
From: Stock Farmer	Read Replies (2) of 74559

MeDroogies - you are simultaneously precise and inaccurate. Consider this. LE is an insider at ORCL. He sells. Your theory: portfolio rebalancing that he must do, and which investors should dismiss entirely from their consideration. Does his ENTIRE pattern of sales suggest your theory? Or have you merely constructed a theory within which this specific activity would be explainable. The former would be "accurate". The latter would merely be "precise". The "precise" approach is a cornerstone of successful application of the ostrich theory. You know, "what you can't see can't hurt you"? Which appears, at least according to the advice to your father, to be a pillar of your investment strategy. You are indeed amongst the fortunately blissful. John.

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