Mohan:
Thanks for clarifying your original post.
You said originally:"I know most newsletter writers have preferred clients (smart money) and then the subscribers (sheep.) First the smart money gets their opinion and with a time lag, the sheep gets it. I don't know if BB does this...."
You clarified: "I am not suggesting that Bob front runs his
advise. I said some news letter writers do, or so I read else where."
Since the issue was raised, it should be addressed. Otherwise, it could hang out on the thread as rumor to those who failed the intellignce screening test.
No, BB is not one of those newsletter writers in my strong opinion. What do I base my belief upon? I have a good deal of confidence in his integrity first of all.
Moreover, his newsletter is primarily mutual funds.(Get a complimentary copy...get a feel for it yourself). BB recommends that no more than 20%, if any, of your portfolio go to individual stocks with one stock making up no more than 4% of your overall portfolio. You cannot front run a mutual fund unless you and your subscribers are the only ones in it.
As for his individual stock recommendations which are in the newsletter which currently number three, their market caps are so large so as to preclude a front run. We are not talking penny stocks here. Microsoft, for example, cannot be a front run.
In general, especially if there are any changes in outlook, newsletter subscribers get their information ahead of the radio listeners. However, I wouldn't (no inference alleged on your part) call the newsletter subscribers "the smart money" and the radio listeners the "sheep." In the final analysis, followers of BB, subscribers and listeners alike, are all "sheep" or all "smart money" or, perhaps, we are "smart money sheep <g>." |
