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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (11428)	1/25/2000 1:17:00 PM
From: Math Junkie	Read Replies (1) \| Respond to of 15132

No, you're giving away free advice, and it's worth exactly what you're charging for it. Maybe even less. Brinker said he thought the market had 5% upside potential, and 20% downside. Then someone on this board was bemoaning the fact that his portfolio of high-beta stocks went up a lot after he sold. During the subsequent discussion, you stated, "If a guy sells you advice and he is proved wrong, the least he can do is to admit that he was wrong." Message 12641522 Well guess what: When Brinker makes a forecast relative to the Dow, the S&P, and the Wilshire 5000, that does not make him responsible for every high-risk portfolio that someone cooks up. Outside of my 401(k), I was invested exclusively in semiconductor equipment stocks for several years. That's a highly volatile sector. No way would I have held Brinker responsible for my results in a strategy which deviated so widely from what he recommended. The turn signal joke is a valid analogy to the way some people are trying to evaluate Brinker's strategy by the day-to-day movements of their high-beta portfolios. The right way to measure the results of a person's investment strategy is to let the strategy play out, using the portfolios that person recommends . When Brinker goes 100% invested again, then and only then will it be possible to determine if the results were better or worse than buy-and-hold.