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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

+0.6%

Nov 7 4:00 PM EST

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To: carranza2 who wrote (90490)	5/22/2012 7:15:59 AM
From: Maurice Winn	1 Recommendation Read Replies (1) of 217575

I can, near enough for government work: < No one but no one can predict markets.> But it's a probabilistic prediction process. As you wrote, it's a question of degree, with some doing better than others, for either lucky or predictive power reasons. After 50 years [nearly] of being generally right, it seems to be more than just luck. We could reasonably say it's impossible: <It is dreadfully difficult to be consistently correct. > Depending on what you mean by "consistently" and "correct". My fascination with Globalstar/rockets/space/science/ is a lifelong interest [from about age 7 or so]. Globalstar happened along with the right things as part of their efforts: <Your fascination with gstar is a great example of the other side of the coin. > I don't give up easily, or at all. It depends on what I think can be done. Apart from the first big commitment in 1995 and extended in Y2K, [lead astray in part by Bernie's "We are on plan" claim], my investments in Globalstar have been dabbles. Globalstar could be the world's biggest telecommunications company if they did it right. Which they have not done yet. I'm patient. They might not. Like investors, they are creatures of habit and their bad habits are keeping them stuck on the launchpad. Look at Apple. They came from nowhere [in the phone business] and it is now the biggest company ever, developing the most important thing ever [mobile Cyberspace]. If Apple had Globalstar, they could have done the same as they did for mobile Cyberspace. Mqurice

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