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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (54772)	8/31/2001 1:35:56 PM
From: Kanetsu	Respond to of 57584

<Smart money managers played the bubble than sold their stocks and took their gains exactly as Rande and Brinker advised.> First of all, nobody can time the market consistently all the time, Rande has made a lot of calls, and some of them have been great, but it's his actual trading results and rates of return that matter, because that is where the rubber hits the road. And the results may be great, I have no idea, I'm not attacking Rande, just making a point that market musing is easier than trading. I have saved lots of money heeding Rande's advice, but I was the one pulling the trigger, so I get most of the credit. His long-term portfolios from last year don't look so great right now, but he didn't actually buy and hold those stocks so that is not the final word. Don't know about Brinker, but when he has made 20% average annual for over 20 years, we'll talk about how he compares to Warren. My account outperformed Buffet by leaps and bounds in '99-'00, but that was more of a result of a bull market than brains. I would never presume that I know better than him. Buffet has often missed short term crazes because he buys stocks based on long-term cash flow analysis, not hype. On the other hand, he also has a great record of maintaining high cash positions during times when the market underperforms. Wall Street is flush with "gurus" who made good calls for 2-3 years then fell on their faces, seeing as there are thousand of people out there constantly making market calls, it stands to reason some will get it right, and a select few will get it right for awhile; simple statistics.