>> You say he got his money out of the market -- fine <<
I honestly don't have a clue about WH's money. Why should I or anyone else care?
>> That is version 501 of his story and who cares anyway. <<
I guess I missed something because the only story I ever heard from WH was, "this is what I'm doing", along with talking his position. There is nothing wrong with him posting his picks and even enthusiastically talking up his position. So what if his positions were right for a while, and then eventually turned out wrong. For crying out loud, he's not allowed to be wrong once in a while?
>> The real issue is whether Bill is a clever manipulator... <<
This is the part that I just don't get. How did he manipulate anyone? Perhaps he did, but I must not have been around to see it.
>> or just a really dumb guy who eventually believed the most absurd BS and made it his own BS and shared it with this thread <<
I told you, BS was the way to make money. I wish I would have adopted his BS attitude towards stocks earlier! I didn't buy into all the BS until fall of '99. (I did go on one heck of a speculative derivatives based spending spree to make up for lost time though...heh heh heh.)
>> I watched him deny the way the market was coming apart. <<
So he made an error in judgement. Should he be crucified for it?
>> I watched him deny that he was ever wrong -- <<
That's called talking your position. He honestly didn't believe he was wrong. So what if it turned out he was, that doesn't mean he was manipulating anyone.
>> just as I watched him being consistently wrong. <<
Well if he was wrong so often and you had this market pegged so well, how come you seem so bitter and he seems rather content? If you have done so well on your investments not buying into his "BS", then you should be quite content with your success and not be looking to revel in other people's demise.
>> One last point. It is hardly a positive reflection on your own insight into the market to assume that you had only two choices -- buy the bubble or short the bubble <<
I hadn't forgot the third option, which was to stay away from it altogether. I just didn't deem it relevant to the discussion.
>> There are real companies out there -- thousands of them -- with tradable securities. Bill always claimed to have "a well diversified portflio" -- another sign of his lack of intelligence if you looked at the list of stocks he owned. <<
It is hardly a positive reflection on your own insight into William's finances to assume that when he meant well-diversified, that he didn't have money invested with other people, that he didn't consider his real-estate holdings part of his diversification, etc.
>> A person who really did have diverse holdings would be much better off than somebody who got sucked into Bill's mindless little mania binge <<
It's clear to me that you're jealous of all the success & fun he had Apparently you missed out on a lot of it and are now quite satisfied that someone else has had to endure the tough period you must have had.. |
