To: Skeeter Bug who wrote (13725 ) 4/13/2001 3:08:01 PM From: Math Junkie Read Replies (1) | Respond to "rp, people are upset at bob b/c EVERY day he chooses to mislead and miss direct. he hides the TRUTH. "justify that they do it. It's not justified on anyone's part, but I would sure like to see a little less hypocrisy about it.you seem to define good as things that make bob look better (bias used to make bob look better is good, eg, subtract out bob's worst pick and compare it to other performance w/o also subtracting out the worst pick is good) and bad as those things that make bob look bad. "only picks that someone ever mentions. I have bent over backwards to include both the good and the bad whenever I calculate Brinker's results. For example, when I calculated the results for an aggressive investor on Kirk's discussion board last January, I adjusted the results for Model Portfolio I for the maximum allocation to QQQ. I think anyone would have to agree that has been Brinker's worst pick in terms of its effect on the portfolio, because the maximum percentage of the allocation was much higher than the 4% for UTEK or the 5% for TEFQX. I also included the effects of taxes for someone who had held the portfolio since inception, in spite of the fact that not all investment accounts are taxable, and not all investors have been invested long enough to have capital gains that high. When I was asked for an opinion recently on Brinker's record of picking bear market bottoms, I included the good along with the bad. If there is some fact that you think I am leaving out, I would like to hear the specifics. If you think that Brinker's long term record is not good enough to outweigh his weaknesses, I don't have a problem with that, because the data on his post-1987 long term model is not statistically sufficient to prove anything one way or the other yet, and in any case it is a personal judgement call. But I do have a problem when his bad calls are the only thing that people bring up, and I stand behind my claim that such behavior is evidence of bias.Message 15643877 Message 15643026 Message 15645301 and weaknesses, and I try to to see if there is a systematic way to rely on him for what he is good at. Similarly, when people I respect have a falling out, my preference is not to take sides of one against the other, but to recognize that life is not black-or-white, but shades of gray, and again to rely on people for what they are good at. So for example, I refuse to allow Brinker's falling out with David and Kirk to color my perception of their work, but instead I do my best to acknowledge each for what he is good at. I may or may not be successful at maintaining good relations with any of them, but I am sure that if I deprive myself of what they have to offer, I will be the loser. Same with Brinker.
