buck
You said: "I was hoping that a few of our more seasoned posters would be able to subtly set him straight with some friendly rejoinders, but his posts seem to have daily headed down the unpleasant path of insults, demeaning commentary, and the instigation of fear/panic reactions in the readers of his missives.
This guy is a genius at what he apparently strives to accomplish---by the skillful application of mis-information, mixed in with many valid and true facts drawn from extensive research, all thrown into the hopper of lengthy and convoluted rationale and logic---he does his best to influence and manipulate the markets toward his desired goals."
While not necessarily wrong, I have a slightly different assessment of your observations.
I question whether or not SOB's intent is to influence the market (or, our collective opinions) to his benefit. Frankly, I don't believe any of us can accomplish such a task unless we could also hold forth a past record of success that shows us to be nearly infallible or try to muscle a small stock with a bit portfolio.
No, I think the intent is nothing more than to attain personal satisfaction by holding himself forth as a "guru" of sorts.
Sweeping signature pronouncements like "it's not IF but, when" tells us what? That the energy market is cyclical and at some point it will reverse? Certainly, it is not false but, is it informative? Who here doesn't know that, already?
Who here doesn't already know that being among the first to sell "at the top" is better than selling while flying down the "black diamond " side of the mountain AFTER things have reversed? Have you read when, 'when' is? I haven't.
Rather than tossing out palliatives, along with innumerable smug grins or very big smug grins, it might be more pertinent to simply say "it's time, NOW, to sell everything, or to short certain sectors NOW or, perhaps, to get or remain long, NOW. A clearly recommended course of action (even if wrong) takes on greater import than incessant macro statements of what might be.
There is no doubt in my mind that SOB is a very intelligent individual and, clearly, he does a good deal of rooting around to gather snippets that will make him readable. Yet, my experience with him is that there is often a serious gap between the his oft equivocated recommendations and his actual personal performance. That can be demonstrated with some hard work (I've done it) at digging through past posts in order to catch the subtle transformation of past "warnings" into claims of a recommendations specific action" and the implied investment success that flowed from them.
SOB was a VERY modest sized investor (a few years ago) and he did have his stumbles. You should know that some us, from the 'old days' can recall the thrashing he took and how he was 'nudged' out of the investment scene under the quise of going off to a new business venture. So, I suggest to all that if a fellow can't make a good deal of money by following his OWN advice, maybe others should think twice about its value.
Buck, my goal here is not to insult SOB nor, to hold myself any higher but, it's merely to alert other posters to take what they read as partly information and partly entertainment (he IS good in that respect) and to temper your reactions to his posts. Hopefully, that swelling "touch of arrogance", that another poster alluded to, will receed and we can benefit from his input.
(While I will read him, I no longer spend any time engaging him. It's best that way for both of us) |
