Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (43694)	12/20/2003 2:11:15 AM
From: Seeker of Truth	Read Replies (1) of 74559

I wouldn't call Jay's portfolio diversified. It is heavily slanted towards gold and energy resources. And away from the US dollar. Away from manufacturing anywhere. That's all consistent and pointing in the same direction. Whatever helps the US dollar will hurt gold and energy resources. It's true that he often favors temporary investments, relying on market psychology etc. But these get small dollops. They seem to be mainly for education and entertainment. All in all 2003 was profitable for Jay, as was 2002, even measuring against the euro. I'm not saying that we should follow him blindly. That way lies disaster because we would be impoverishing our own abilities to judge situations and because we couldn't make 180 degree turns as fast as he does. But study his list and get many wonderful ideas. Selling NEM puts, for example. I agree with the general statements in your post about investing.

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