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Strategies & Market Trends : Stock and Bond Market-Timing: Can it be Done? -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (46)1/16/2009 4:49:55 PM
From: Honey_Bee  Respond to of 3605
 
Excellent points, Kirk. It does come down to Brinker's honesty.

He is the one responsible for being upfront about his blunders so that listeners can make educated judgments about whether or not to follow his advice.

Whatever people do with his advice, he is responsible for the advice he gives -- is the point I am trying to make (not very successfully). Unfortunately, he almost always covers up his mistakes -- this is part of the package.

But as I think you are trying to say, it matters what people do with his advice if they make decisions on faulty (misleading) information. But to bring it full circle, it comes back to Brinker's responsibility to be truthful.

And that is where I come in. 8^)

.



To: Kirk © who wrote (46)1/16/2009 7:48:28 PM
From: octavian  Read Replies (1) | Respond to of 3605
 
kirk asked:

<<Were all the professional hedge fund managers, movie stars and regular people from his synagogue who gave some to ALL their money to Madoff wrong because they trusted Madoff's reported returns?>>

--Of course they were wrong. Madoff's returns were in the "too good to be true" category.

Even Bill Flanagan (who isn't the swiftest of the gurus, IMO) said he was invited into the Madoff scheme, investigated it, and passed. Maybe honeybee can provide his exact words.

The key is not letting greed overcome your brain.