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To: michael97123 who wrote (104563)6/19/2000 3:39:00 PM
From: Burt Masnick  Read Replies (2) | Respond to of 186894
 
The other morning I saw a "stock picker" on CNBC who was supposed to provide three picks. If I recall correctly he was actually picking shorts.Unfortunately his three previous picks from his last appearence were up 50%, 40% and 30%. After explaining that his style of stock picking was not in favor for the past few months, he picked three more. My own feeling was this was the last person whose advice I would give credence to. In the vast ocean of advice three things are clear:
1) Many analysts are clueless
2) TV has to fill air time
3) Your track record doesn't mean diddly to the people who decide who goes on the air.

So I would take most analysts advice and ideas with a ton of salt. As in most things in life, you have to think for yourself and reach a decision. If you find that your decisions come out positive over a reasonable period of time (years) then take more and more control of your affairs. (Be careful to distinguish between good luck and good judgement). If your decisions are not so hot and showing no signs of improvement, research good mutual funds and pick some plausibles.

Good investing,
Burt