Hi Michael,
The common thread to Gilder, Winnick, Schwartz and Lay is that anyone stupid enough to follow their advice when it was fashionable has lost over 90% of their investment in the Telecosm, Global Vanishing, the Deathstar (Globalstar) and End Run. They were all Pied Pipers who deliberately ripped off the unwary.
In 1995, I started reading George Gilder and he was the first writer who could make sense of the Internet for me, a newbie at the time, and I was grateful. By 1998, I was a subscriber to his newsletter, and it helped me make some dandy profits. By early 2000, I was completely satisfied that he was a swindler and a whore who was selling the subscribers of his newsletter to every CEO pimp who would feed him a stock option:
Message 13508510
Gilder is bent. Gilded prose and pollyannish visions of supply side voodoo notwithstanding. He may be a talented wordsmith with an inside channel at the WSJ, but that doesn't make him honest. And since he's so dishonest, his message lacks any credibility as far as economic wisdom is concerned. You really do need to sort out the Pied Pipers from the Messiahs.
Re: But I would say people who admire the writing and thoughts of George Gilder tend to be people who are willing to think outside the box.
You bet. If you had any inkling of how much of the filthy lucre Gilder has collected (as his subscribers suffer massive losses) is outside the box of the American banking system you'd be amazed. Just like Ken Lay, Andy Fast-One and boys from End Run, Gilder has been making regular pilgrimages to the holy shrines of the Grand Caymans. Out of the box, indeed.
-Ray |
