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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: lizardK who wrote (19470)10/3/2003 2:09:05 PM
From: Kirk ©  Read Replies (2) of 42834
 
Many of us use to think Brinker was "one of the good guys."

I remember well being upset when Rillinois first posted some of the truth about Brinker. How he hid calls that didn't work out and promoted those that worked well just like a carnival mind reading act. We were upset as we thought Bob Brinker posting as Don Lane might stop posting.

Anyone that says the board has changed is right. Back in the 1980's the ProBobs ruled. There was not enough public info on Brinker to make a good case. They'd run anyone off the board that said otherwise as they feared their "guru" would not make his nasty, self serving posts here under the Don Lane name (changed to mister topes).

I know this for a fact because in 1998 one lurker saw me defending Brinker and he sent me a note via anonymous email saying he had a print out from this guy named "Hulbert" that showed Brinker was not fully invested for the whole bear market and it exposed the true information. He asked my home address and sent a thermal copy of a Hulbert Financial Digest dated Dec 1996. WOW! Were my eyes opened. This person did not want their name out as they were afraid of how the cult like followers beat folks up who exposed the truth.

After I got this fax, it became clear to me that Briker rode the 1987 bear down THEN he went to 100% cash near the bottom. We sure didn't hear that on his radio show or from his supporters here. We were lead to believe he was right on his market timing calls since he first was on the radio.

I think Brinker does much to help the "average investor" who does 2.6% a year improve their results. I've run some numbers and if you follow Brinker exactly as the MT says, you under perform the buy and hold investors of index funds by a couple of points. Get suckered with too much TEFQX or QQQ and the results are worse. Still, he is far better than most clueless investors do on their own so he has their loyalty. I have no problem with that.

My problem is those that make it out to be better advice than it really is as this leads other clueless investors to put too much faith in his "off the books" advice like QQQ, TEFQX, etc. Even his recent buys on MSFT and VOD have under performed their Nasdaq average by a huge, huge amount since 10March03 yet we won't hear about that as the clueless are just happy they are higher... who cares if they are under performing a lower risk index?

Article on 2.6% for average investor: bayarea.com
It is missing a table the newspaper had which I reproduced here suite101.com
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