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To: Stock Farmer who wrote (51008)4/3/2001 9:34:12 PM
From: RetiredNow  Read Replies (1) | Respond to of 77400
 
Well, John, let's do a thought experiment. If you have a website that tracks people's guesses as to how a stock will perform, would you go with the herd or bet contrarian? It's a tougher question than it seems, because your first thought will probably be mine, which is I am smarter than the masses, so I'll go contrarian. But then the doubts kick in, what if the masses create momentum in the stock which drives the stock up temporarily. So then you start to consider your real motivations as an investor. Am I a daytrader or am I a long term buy and holder. If I'm a daytrader, well, I may have a 50% chance of being right if I bet against the crowd. Or maybe the crowd is smarter than me and my chance is diminished. Or if I am a long termer, I may just buy the stock and to hell with what the crowd says, because I've done my fundamental analysis.

The bottom line is that you and I can justify all we want and say this so and so was right and that so and so was wrong. But in the end, we're all just making guesses here. No one is smarter than anyone else now. It's just blind luck either way. So in the face of crapola, I'm not changing strategy. I've done my homework and I'm sticking to my guns. It may take 5 years for me to get back to where I was in 3/2000, but who the hell cares. I'm way ahead of where I was 3 years ago, so I consider my self damn lucky. Beyond that, well, it's just money and life goes on. There are more important things.



To: Stock Farmer who wrote (51008)4/3/2001 11:24:30 PM
From: Ed Forrest  Respond to of 77400
 
John

Hi,a few comments on your thoughts.

We formed a human community, indulged in tribal warfare and bickering.

How true, but……

Even if man is alone with only his thoughts conflict can occur and demons arise that must be fought.

That being the case when a group people gather in any venue or setting including this newly found cyber space, then at some point in time, conflicts will follow.

Why?

It’s an unavoidable part of the human condition.

Perhaps these are some of the reasons for the conflicts……


Arguments usually occur on account of vague statements; not listening or not trying to understand; giving importance to ego than mutuality, or common interest.

Ignorance of difference in natural attitudes and approaches between the two parties.

Incompatible, or uncompromised, differences in perceptions, preferences and approaches, and widely differing value systems.

Lack of uncritical humor.

One’s hurting-egoism, and need for domination over the other’s individuality of thought or point.

Stress, rigidity and suspicion.

Criticizing coercing, coaxing, evaluating, masking, blaming, and accusing are the psychological axe, which hurt the feelings and are,in my opinion, the root causation of dissension.

I also wish it could be otherwise and since I possess some or many of the human frailties mentioned above I feel it best to just, for the most part, lurk.

Ed