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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: frankw1900 who wrote (4275)	4/24/2002 10:30:32 AM
From: ahhaha	Respond to of 24758

Yes. That's him. Check this hypocrisy: Mr. Fleckenstein is the president of Fleckenstein Capital, which manages a hedge fund in Seattle, Washington. This fund regularly buys, sells, or holds securities that are the subject of his columns, or options with respect to those securities, and regularly holds positions in such securities or options as of the date those columns are published. In particular, this fund regularly holds short positions in such securities as of the date those columns are published. Ok, the guy makes disclosure. The views and opinions expressed in Mr. Fleckenstein's columns are not intended to constitute a description of the securities bought, sold, or held by the fund. The views and opinions expressed in Mr. Fleckenstein's columns are also not an indication of any intention to buy, sell, or hold any security on behalf of the fund, and investment decisions made on behalf of the fund may change at any time and for any reason. Mr. Fleckenstein's columns are not intended to constitute investment advice or a recommendation to buy, sell, or hold any security. Do I read incorrectly or does this second paragraph contradict the first? No, one must distinguish between "intended" and "unintended" consequences. It's much like the popular usage, "Having said that..." (now the speaker goes on to contradict what was said). We live in an era of overt lying that is expected to be accepted. You are to reject what is unintended and accept what is intended. Having said that, it must be the other way around! We hear all about how great was Levitt's SEC, but that's a lie. The SEC under the 'crats reached an all time low. The 'crats are supposed to chase down the evil capitalists, but what happens is exactly the opposite. They only put on the show that they do that. Meanwhile the SEC allows the above "disclaimer" by Fleckenstein to stand. You see, it doesn't matter what you say as long as you disclose it! The SEC is filled with imbeciles who fruitlessly chase "the big boys" with frivolous charges while the violations which hurt the public go uninvestigated.