That's exactly why we started the thread, perg.
<The politics of envy> are the refuge of those who know they don't have what it takes and look for ways to express that frustration. They are unable show high rates of portfolio growth and it really pisses them off. So, as we see in the larger society AWA in the virtual world the less successful quite naturally pick as targets those who remind them of their inferiority. The guy who drives the car they would love to be able to afford. Or the guy who makes them look like chumps in the stock market.
Some even have large net worths. But, much or most of that came from their business or a well paying day job, NOT the stock market.
Those whose rates of return I could VERIFY (most hide their poor performance with after the fact claims of success that are impossible to verify) via posted purchases and sales, exhibit lower portfolio performance than most of the contributors on this thread.
One example. And this is NOT a personal attack because I'm not going to use a name or any identifying information. It's just a typical case of what I'm talking about.
Anyway, this "person" told me - in Sept - the portfolio was up $175,000, ytd. That sounded good, until I learned later this individual was working with three and a half million dollars!
Great Ceasar's Ghost! In nine months, assets under management had grown by all of 5%!! Even a lot of mediocre hack mutual fund managers did better than that. No wonder the person ran away to hide on SDII after making one bad broad market call after another last year.
I could go on and on with examples of wanna bees, lessor lights, and also rans. SI web threads, like the rest of the world, is full of them. And <The politics of envy> is their excuse to attack those they should be listening to with respect and learning from.
Nuf said. Let's move on.
If you want to PM me I'll try to give you a few thoughts with regard to asset classes that might be worth investigating.
Isopatch |
