Nope, not a relative, not a cousin, not a working associate...I went to one of his local seminars a while back, but didn't actually shake his hand. That's the closest I've even gotten to him... Never personally spoken with him, or corresponded by email.
I don't have to stop bragging about his winners, because I didn't buy each and every one of JD's stocks, and JD states you don't have to either. If they want to use that as an arbitrary means to judge the relative worth of his advice, whoopee... it doesn't alter the performance I've gotten to date one iota. Remember to cling to that "short term" underperformance Ralph, that's your lifeboat amid the facts.... the fact that JD doesn't predict short-term swings... the fact that JD doesn't try to hit the absolute tops or bottoms (because nobody can)...
Deny reality all you want Ralph, keep calling up the same small list of names of stocks that went down, keep telling us about the "silent majority" of people who are flooding your email account with messages... I could care less. I have no desire whatsoever to have a drawn out discussion with someone who has your distorted sense of events.
If you want to keep harping on the fact that JD doesn't say what his initial buy-ins were, look them up. He lists the initial month he recommended the stock, that should get you in the ballpark. The fact that you expect him to anticipate the tops (i.e. short term timing of the market) once again proves you have no idea of what you got into in terms of this investing strategy...
That's right Ralph, Comshare, Singer, CPPKY, and the Fletchers... keep on bringing them up, since your bag of tricks is so limited... I've stated those were mistakes, but were handily offset by the other winners, you however can't make it past the first part of that sentence... that's really sad. When was that 1:4 reverse split for Hallwood? (You understand that I don't take your word for anything.)
And now, you've decided that investing is a life or death struggle, comparing it to surgery, or driving a school bus... no mistakes for YOU MR. Dessauer... widows have invested their milk money in those stocks!!! Sheer idiocy. If they invested that type of money, and didn't realize how to spread their assets, and invest for the long run, then it's the equivalent of financial Darwinism.
Wow... they bought more in the 30's and sold at $29... must've been a crushing blow for them. And what intelligent people they were for putting so many AAPL's into one basket... Keep those letters under your pillow Ralph, you'll sleep better at night...
Paper losses aren't denial Ralph... you just can't understand investing farther than the next market swing. Cash value today is not what I care about. Cash value in 30 years (which is what I'm investing for) is. You're so stuck in the today, I'm really worried that you did try to invest your mortgage payment, or grocery money. Get off it, it doesn't make any sense. Do I give JD credit for all the recoveries? No.. just most of them, and I've got the history of the stock market on my side...
Do I want you to say thanks when CD hits $24? No, but since you'll probably sell then, I'll be saying thanks when I buy those shares and it goes on to $40... and then have a really good laugh...
You could quote them all, and I'm not surprised you didn't... but has the business behind those stocks changed? Is Nestle any less of a company now? Will it be any less 5 years from now because of all this? Will Glaxo stop selling new drugs? Will Santander sell less loans? Will Ericsson stop building telecom infrastructure? That's what's going to drive the stocks 5 years from now... not some short term market drop that has you soiling your pants...
Warren Buffet is on record as saying (I paraphrase) "If you aren't willing to own a stock for 10 years, you shouldn't consider it for ten minutes". He also was quoted in one of his recent annual reports saying young investors are happy when their portfolios go up, even though it should be the opposite. The buying opportunities come when your stocks go lower, giving you the great opportunity to buy more. Then when you "cash out" way down the road you can be happy for your stock to have appreciated. When you're accumulating/buying, you want it depressed. Of course Warren Buffett is another buffoon... right Ralph. How about the quotes Wren posted from Peter Lynch on investing? Yup, those fly in the face of your buy high sell low strategy too Ralph.. guess he's another idiot.
DWB |
