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To: Tommaso who wrote (2529)3/23/2001 10:17:18 AM
From: MeDroogies  Respond to of 74559
 
LOL, no.
Nor did I imply it. I simply said that it's better to be in the game than to sit around talking about it, which is what most people on these boards do.

In a sense, we are all authority figures. The best example was when my father in law contacted his broker about 3 stocks he'd been tracking and wanted to buy. The broker, after asking him his goals, steered him into 3 other stocks. The 3 the broker steered him into did well, so my father in law wasn't too upset. But the 3 he was tracking did 2 times as well.

My response to him? "you were the expert in that conversation, not the broker. You chose to defer to his experience and authority, which is fine if the two match your outlook. In this case, they clearly didn't. Whenever you take it upon yourself to do research, and you do it well and thoroughly - the best thing to do is shut out the advice of others UNLESS they provide you information that completely disputes the information you have gathered. In this case, he didn't do that, he simply suggested that you should be investing in a manner that was different than you originally intended. That is always a mistake."