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Pastimes : How to best deal with KOOKS at this web site

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To: Bill Ulrich who wrote (656)	7/4/1997 7:31:00 PM
From: Iceberg	of 1894

> any post-fact heckler has an unfair advantage MrB, To characterize my column idea as being that of a "post-fact heckler", and as having an "unfair advantage", is interesting. It seems to me that the gurus who charge cold cash for "prospective advice" deserve any "post-fact" criticism that might arise from making erroneous calls made by their own taking of "unfair advantage" of unsuspecting clients. Prognosticators and gurus inherently set themselves up for a fall - and I think they deserve sharp criticism for making bad calls - especially after having taken money from people to make "prospective" recommendations. Whether those recommendations are specific stocks, or recommendations on a wider spectrum of stocks, to me, is irrelevant. A bad call is a bad call, and deserves criticism. And all the more so, for having taken money from people to make the call. Having said that, I realize that 20/20 hindsight can't compare to making forecasts. But I think that to establish a track record of which gurus are prospectively on target, and which aren't, would be a valuable service - even if done at an "unfair" 20/20 hindsight advantage. Ice

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