Dear Jim Clark,
>>Your monthly post sticks out like a sore thumb, because as far as I
know, you don't contribute much to the day to day thought on this
thread. Also, I see you post the same thing on other threads. That is
just not how we do things here.<<
I understand your point of view. Mine is this. I have a limited amount of time to express my thoughts to the various SI threads, Motley Fool threads and newsgroups I read. I also answer e-mails that come from my occasional posts. Rather that write the same thing or variations thereof everywhere I occasionally browse, I post my thoughts in a monthly market view at my personal web page. Then, anyone who wants to know what I think, read any articles I found interesting (links), link to other web pages on investing that I found etc... can do it from one spot easily. This saves me precious time. Other than that I would spend 5 hours a night doing this stuff and that makes no sense. On occasion I will read something that I agree/disagree with strongly and I will respond to it. If someone addresses me, I respond to it. I've never viewed any of these SI threads as a sort of club so long as you don't post any off topic, or offensive things, or direct ads for pay services. I didn't consider a monthly update notification of my thoughts, or a link to something I wrote on another thread as out of line. Why write the same thing 10 times if I can provide a link to it and write it once? If you find my monthly update notifications and links to other threads than contain exactly what I want to say here out of line I will stop posting them. It isn't an ad though. I don't charge. As far as individual investments goes, I prefer not to do that. If I tell you I like xxx company I will then feel an obligation to tell you when I sell it. Since I am all over the place writing this stuff, you can see how this could an be a problem.
Besides, my present portfolio contains a grand total of 6 stocks. Sbarros, Applebees, Mercury General, Berkshire Hathaway (bought in 1988), Leucadia National (token position that I wish to expand greatly some day. I have had conversations with the company head), and Ensco. All except BRKA were purchased in the recent decline or a prior one. I have cleaned out all my other long positions over the last year or two (Kimberly Clark the latest) and I have no other ideas that meet MY criteria for a bargain! I have written about all these positions in public at one time or another.
Wayne |
