To: Box-By-The-Riviera™ who wrote (31 ) 10/8/2011 11:03:43 AM From: SI Brad 14 Recommendations Read Replies (1) | Respond to Okay let's break this down:For example, his track record of written opinion during the gold bullion run-up from approximately the 800 per ounce level until the present, in regard to his views on the gold mining sector, they could be chacterized as being: buy and hold and buy some more , a devestating view if you had actually taken it for granted and acted thusly so. Are you serious? A newsletter writer has advocated investing in the gold mining sector using a buy and hold strategy for the last 3 years, during which time gold has gone up more than 100%? That doesn't sound so horrible. Mining companies haven't done as well as bullion, but "buy and hold" tells me that his perspective is longer than 3 years. Have you given the strategy enough time to pan out? no critique of his outwardly expressed views or any discussion could persuade him to think otherwise. Subscribers pay him for his opinion, not to promote yours or anyone else's. of course, having an investment opinion and being incorrect is no great crime by itself or in particular when it is limited to your own investment account. It does becomes a greater issue when you charge people $500 per year for your opinion, and you then consistently reject all manner of sound reasons against it on the one hand, and without reflecting it in your own expensive advice to your readers on the other hand. It is, at the least, intellectually dishonest. A Minyanville professoring without an earned degree to make a metaphor. Again, he has no obligation to reflect your reasoning in his writing. I have had over the years numerous discussions with him where what seemed quite obvious to me were rejected by him out of hand. I have witnessed the same in his interactions with other, I believe to be, quite credible, and highly skilled analysts. all well and fine. So you are angry with him for being steadfast in his own inner voice, and not following what you believe to be more credible people. Can you name some of them, and what strategies they advocated? However, in the case of a particular company he had for some time bullishly touted, including that he owned shares in it, and he did so in his newsletter and to me personally, the truth of the matter, while offering the same unwavering positive opinion of it, he had, as he told me in writing, long ago sold it. At the same time, he did not tell his readers and he expressed no regret of any kind when he told me. That's the first thing you've said that sounds like a fair criticism. If you wanted to give specific details , that would at least give Lance Lewis an opportunity to respond to something tangible. This, was not all well and fine, and was the beginning of the end of any positive view I might hold in his regard. I have relied on his own words to form my opinion, in answer to your question. So you no longer like the opinion that that you formed, based on his words. Have you found, or are you currently looking for, someone else to give you a better opinion? Do you believe that it's a good idea in general to let other people be responsible for your decisions?
