Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: gumnam who wrote (44205)	1/2/2004 10:34:33 PM
From: TobagoJack	Respond to of 74559

Hello Gumnam, Yup, I am on the same page with you. <<Obviously we could be wrong in identifying the likely scenario or the cheap scenario and suffer accordingly>> … This error is less forgivable in our age of Internet-enabled information and hedge funds-indicated direction. <<But it would be real sad if we identify the scenario correctly (maybe out of luck or maybe brilliance) and then choose the wrong instrument to express that view>> … This is why I prefer the shotgun approach to selecting shares within a broad theme. As someone had comment in Barrons, “Instead, Hendry believes that asset allocation is crucial. Choosing among a wide variety of asset classes that he considers promising, he populates the fund with hundreds of small positions. "We're like a centipede. You can lose 30 legs and you can still march forward," Message 19636793 <<So we make the right call intellectually and end up with a loss or suboptimal returns to show for it>> … Another unforgivable mistake in this day and age, and I do it all the time, but so far not enough times to matter ;0) Definitely keep in touch on this issue as 2004 rolls and then rocks :0)