ardethan@eternalrecurrence.net
Ethan,
I have several reactions to your post but the only one that makes sense is that the past period is simply too short an investing time period to make conclusions like that. Unless you are saying to yourself to do more of your own diligence. Which seems unlikely from the quality of your past posts.
My own place, at the moment, is to still consider Moore's book and this thread, which the book led me to, as the second best thing that happened to my investment skills. The first was the fact that, as an academic, I was forced/enticed from day one to maximize my contributions to TIAA-CREF.
Without Moore's book and this thread, I would not have had the courage to start my own investment program with a small portion of those monies. I'm down at the moment but not terribly because I kept buying as the market went down which lowered my entry share price. I consider the present moment one of the great stock buying opportunities I'm likely ever to have. And I have some sense now of where the internet is likely to go over the next ten years, some sense of how the various technologies will shape that, some sense of what makes for good and bad companies, good and bad strategies, none of which I had four or five years ago.
And, though it sounds very strange, Moore's book and this thread enabled some of it. I don't expect that to sound quite so strange in three or four years, at the outside.
John |
