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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (37017)	7/16/2008 1:39:22 PM
From: EQ	Read Replies (2) \| Respond to of 42834

Kirk, I cant think of ANYONE who has done ANYTHING successfully and consistently, and I dont believe Brinker ever claimed he did. Look at the worlds of business, investing, sports, the arts, politics, etc. I dont think you will find anyone who is successful consistently. If you DO know of such people who have NEVER HAD A SETBACK or have NEVER BEEN WRONG, please inform us *To err is human; to forgive, divine.* - Alexander Pope Cheerio!

To: Kirk © who wrote (37017)	7/16/2008 6:10:48 PM
From: yaetmo	Read Replies (1) \| Respond to of 42834

Kirk, Although this was written for a Engineering Periodical, that concept carries sooo true into the investment arena. Just change science to investments. "Distortions such as these do not amuse me; they make me angry. When science is “explained” by authors who don’t understand science themselves (and they are legion), readers who are similarly handicapped will swallow it without question. No wonder so many people think science is just a lot of mumbo jumbo." Bob Wolke C&EN July 12, 2008

To: Kirk © who wrote (37017)	7/16/2008 7:49:04 PM
From: octavian	Read Replies (1) \| Respond to of 42834

kirk quoted John Bogle as follows: The idea that a bell rings to signal when investors should get into or out of the stock market is simply not credible. After nearly fifty years in this business, I do not know of anybody who has done it successfully and consistently. I don't even know anybody who knows anybody who has done it successfully and consistently. Yet market timing appears to be increasingly embraced by mutual fund investors and the professional managers of fund portfolios alike. --Kirk, I believe Mr. Bogle is talking about the difficulty of beating the market with market timing over long time periods. Some of us, however, believe there ARE certain times when it might be appropriate to do a little market timing for other reasons. For example, when we were obviously in a major bubble in 1999 and I was nearing retirement, I thought it might be a good idea to try to avoid a major bear. It seemed very obvious to me that a bubble was bound to be followed, at some point, by a major bear. It seemed a little silly, to me, not to TRY to avoid it, or at least reduce its impact. That is one reason I liked Brinker. Because he kept telling us he was not going to willingly ride it down. There are other examples. Our friend InvesTing certainly would not agree with your inference that market timing is always a bad idea, as he did it quite successfully last fall.