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

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To: Math Junkie who wrote (10244)8/30/2006 4:30:54 PM
From: stockalot  Read Replies (1) of 42834
 
Perhaps Retired was emboldened by Schmardt guys like this one who thought that Bob's rules were for sissies or the less well rounded and risk tolerant investors. This guy says here that while he wouldn't blame Brinker if something went wrong that he wouldn't follow Brinker's advice.

"To: Allan P. Harris who wrote (10241) 10/3/2000 4:01:43 PM
From: Math Junkie of 24661

I have to say that was a good post, even though I obviously have made different choices than you. I admit that there are legitimate criticisms of Brinker, but somehow I am not able to get past the fact that the overall market's flatness and the NASDAQ's weakness since last winter will represent a huge change from previous performance, unless we get a decisive turnaround by the end of the year. He was a couple of months early, but it will still amount to a stunning achievement, unless he blows it and totally misses the bottom.

I have not followed the four per cent guideline either. I believe he espouses this because some of his less sophisticated listeners have put huge percentages of their portfolios into some stock that he mentioned, and then gotten scared out on a dip. I have a higher risk tolerance than that, and in any case would never blame him if I got burned by overconcentration in a stock or industry. "
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