Max has indeed uncovered a few gems. But I guess my thoughts have been swirling around re: the accountability of a newsletter and its editor(s).
Don't get me wrong - I'm not trying to shlump my responsibility to do my own research, yada, yada, yada. But to take another view: you, I, or a few hundred or thousand of other subscribers pay what, $47, a year for his suggestions. Each month he features one new stock, his Company of the Month. Can you or I make any assumptions that Max himself has due diligence? How does a stock such as GYMM or a KRAN come to his attention? Does he meet or otherwise talk to mgmt.? Should he? Should he have seen warning signs of poor mgmt. (if such signs were evident)?
Again, I don't have any definitive answers (nor do I ask for Max's head on a spear), but this is my feeble attempt to initiate a discussion on how much (or how little) a subscriber can rely on a newsletter to steer it toward quality, well-run companies. |
