well, i have the signal honor of having been banned first, though your days are numbered (maybe not, they may keep you around as a punching bag.)
my demise i think has more to do with baker's inability to recognize gold as an important asset class and dollar and currency hedge than anything else. the subject was cropping up.
as a 'private client portfolio manager' (whatever that means from both a linguistic and regulatory sense), he has failed. small caps, 'value' and penny stocks being his metier, i presume he has been absolutely hammered lately because those asset classes lead the way to the slaughter when markets turn south, as they have recently and will continue to do. it does not matter if the selections are good, in a downdraft, the market makes no distinctions. he cannot recognize this, apparently.
and recognizing gold as an excellent way of protecting capital takes some insight into macroeconomic and political issues, his self-stated specialty. but he has failed as have his political and economic views.
I was an uncomfortable reminder of all this, so i was banned as i don't think my behavior justified banning. that's my thinking.
who knows.
who cares.
it is a really hermetic little group, impossible for it to recognize its own failings and, like you say, peevish and unable to escape its own brand of groupthink. |
