I was taught that every reasonable question deserves a reasonable answer. Your question about the appropriateness of a CEO answering questions on SI is a good one.
To the extent I am able, I answer questions every day on SI, by email, on the phone, and by letter. The responses I give on SI are the same as I would give to anyone who called me on the phone. Shareholders and non-shareholders call me every day and I give them the same information.
So, do SI subscribers have an advantage? Are active investors at an advantage over passive investors? Are smart investors at an advantage over not-so-smart investors?
Different investors will achieve different results because of the individual differences in:
(a) the way they get their data,
(b) the amount of data they get,
(c) the way they convert data into information,
(d) the way they synthesize information into knowledge and patterns,
(e) the accuracy of the conclusions they draw,
(f) the efficacy of the actions they decide to take,
(g) the speed and timing with which they do all the above, and
(h) luck, as it relates to timing one's actions in a dynamic market.
Some people are just better at this than others. My guess is that SI subscribers are generally a cut above the average investor. The fact they are on SI indicates an above-average interest.
I enjoy the exchange process on SI. I intend to remain an active participant.
Mark Williams, CEO, ITKG
williams@itechfin.com |
