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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (83938)	5/2/2007 1:56:02 PM
From: LoneClone	Respond to of 206334

You hit the nail on the head, carranza. I think the key is to do as much research as you can, let it percolate, and then go with your gut, which to me is code for using your intuitive abilities informed by the knowledge you acquired in the research. LC

To: carranza2 who wrote (83938)	5/2/2007 3:20:14 PM
From: Paul Senior	Respond to of 206334

Imo, the nail was missed, carranza2. You got somebody in Wyatt Gwyon who, if I understand right, bet big on technology/dotcom/internet in the '99 or so boom years, maybe used margin/options, made a lot of money, and sold before the crash. I agree with Wyatt Gwyon: That's market beating, and not skill. Because it isn't or wasn't a repeatable activity. That is, we don't know that it is done or being done again by the gentleman. We likely do know that Wyatt Gwyon can write well, bring up relevant academics and pundits, and discuss statistical studies and terms. I believe that colors our impression that maybe indeed because of his knowledge/brain we must be seeing a skillful market participant. Those traits imo do not bring him out of the category of anybody else possessing less attributes who also got into the trend of dotcom, rode it, and got out before the crash. Guts& luck mostly. To me, there's an intermediate thing, not exactly luck, not exactly skill. It's possessing a "money mind". A gift. Somehow, as you mention, marshalling all of ones knowledge and intuition to make a correct decision at roughly the correct time. With the confidence/guts to act on it. Maybe that's what Wyatt Gwyon possesses. We need more data. Jmo of course.