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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (10803)11/20/2000 2:58:46 AM
From: Math Junkie  Read Replies (1) | Respond to of 42834
 
Hi Kirk, thanks for providing a substantive reply. I gather from it that you do not feel that a few "klinkers" invalidate a newsletter writer's advice, but I do understand the issues that you raise.

For me, the answer is that I pay Bob to do things which I cannot do for myself. So I pay him to keep track of really boring stuff like M2, M3, discount rates, ECRI, S&P earnings forecasts, etc, that I would go batty over if I tried to track it all on my own. And I pay him for his market outlook. Secondarily, I pay for strategies and fund recommendations, but I place the highest value on his market outlook. One thing I do not consider myself to be paying him for is self-evaluation. I take care of that on my own. So the fact that he engages in a little "puffing" now and then is not something that has any relevance for me one way or the other. I also am not at all concerned, since someone mentioned it, with the lack of varying, detailed content from month to month, because, as I said, for me the market outlook is primary, not the presentation or anything else. I can get detailed information on specific stocks elsewhere, and I do. Of course, I realize that this is a personal decision that I have made, and that reasonable people may differ.

I also subscribe to a tech stock newsletter, which always has plenty of detailed information on the industry and on specific stocks. And the author does admit it when he gets the direction of the market wrong. The trouble is, he ends up admitting this a lot. Guess whose advice I follow.

BTW, when I checked out the ad for your newsletter on your site, I saw something to the effect that one should always ask about YTD results. But I noticed the page this appeared on still showed 1999 results. You really should update that page.

Since I am not affiliated with Kirk's business in any way, I will just post a link to his site, so that anyone who is interested can find it without asking him for it and getting him in trouble.

suite101.com

Wow! I just checked the link, and you sure look different without the beard! Who's that stranger in the picture? <g>