OT.. no, we're not both right. The term jig and gig have different meaning in one important respect, especially as it applies to the phrase "jig's up."
Only the word jig means to trick or cheat; to cajole; to delude. "Gig" shares many of the other meanings of jig like dance, twirl, fishing references, etc. and by coincidence of sounding the same are often confused.
Thus, Jig is up means... (Courtesy of John Gold)
"Meaning: You are caught, you are discovered, the deception is uncovered.
Example: The jig is up for Lisa. Her boss caught her playing solitaire on company time.
Origin: "Jig" is defined as a trick or game. Hence the "jig is up" literally means the trick is over. "
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I'll assume this is how you meant to use the phrase, meaning Gorilla and King's trick is uncovered or over. To say the "Gig is up" would imply their dance, fishing or music is uncovered, which sounds a flat note based on your other criticisms.
Lets get to the heart of the matter. G&K's reasoning for picking investments is obviously not a short term trading strategy, but one for long term investment much like index funds. A year's performance is incidental, especially if periodic buying to accumulate is practiced. Over long periods their choices might exceed the average return of the S&P. It seems to me they're only trying to pick strong stocks using an analogy of strength and leadership. Periodic buying will dollar cost average the long return, even though currently, as you point out. they're down. 47.1% this year. Ouch is right!
Trading is something else entirely, which I don't think the methodology offers much insight to.
Tangentially asymtotic, Jim |
