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


To: The Chairman who wrote (2226)11/30/1997 7:15:00 PM
From: Boca_PETE  Read Replies (1) | Respond to of 42834
 
Katie:
Bar the Door ! I can't wait to read your analysis of Sunday's program. How about when The FOOLS described "Dollar Cost Averaging" as putting in a lump sum investment over 3 months in equal amounts. Wow. That kind of time diversification could bowl anyone over.

P



To: The Chairman who wrote (2226)11/30/1997 8:41:00 PM
From: Trebor  Read Replies (3) | Respond to of 42834
 
I agree with almost everything you said but would personally rate the Fools way ahead of Bill Flanigan and light years ahead of the Goddess. I liked their flippancy, humor and the way the two personalities played off each other. They reminded me of the two brothers (sorry, can't think of their names) who do a talk show on auto repair -- a very entertaining show on an otherwise not-very-interesting topic. I also liked their willingness to discuss individual stocks rather than just mutual funds. But like you I was bothered by their "buy and hold for 40 years" approach and their lack of knowledge or attention to matters like interest rates, inflation, etc. And I missed the one thing I really listen to BB for --his willingness to stick his neck out and tell me where the market is headed over the next few weeks and months, and his uncanny track record on calling it correctly.



To: The Chairman who wrote (2226)11/30/1997 10:45:00 PM
From: Investor2  Read Replies (2) | Respond to of 42834
 
Katie, first of all, I would like to welcome you to the thread and thank you for your well-written post.

My thoughts on Bob's guest hosts include:

1. Bob is a proven professional in two fields: radio broadcasting and finances. He is a highly-qualified veteran in both fields. In my opinion, it will be very difficult, if not impossible, to find a "Brinker clone" to fill in when Bob is on vacation or take over when he retires.

2. The Fools did not claim to have the same vast financial knowledge/experience. They recognize the fact that they don't know it all and are willing to accept input from others. For this, I give them credit. To the ears of an experienced investor like myself (in other words, an "old fogey"), it is obvious that they are part of the new generation which has never seen a bear market. Unlike the Goddess, they do not cover up the fact that they don't know everything.

I'll try to continue my post later.

Best wishes,

I2



To: The Chairman who wrote (2226)12/1/1997 1:47:00 PM
From: sea_biscuit  Read Replies (1) | Respond to of 42834
 
They differ from Bob dramatically in that they ignore KO's recent high p/e and every other variable. I am sorry but buy and hold KO for twenty years doesn't cut it.

Agreed. They just don't seem to understand this basic fact-- the higher the price, the lower the return. Nobody is saying that 20 years from now, Coca-Cola won't be around, or that people will stop drinking Coke. But if one pays too much for a stock, the returns are guaranteed to be mediocre, regardless of how well the company (and its stock) does.

If one waits long enough, there will come a time when KO will sell at attractive levels. But it takes discipline to wait. That is why investing is said to be simple but not easy. The principles of investing are quite simple to understand, but they sure are not easy to follow!

I'm glad that the fools exist and even more glad that they have so many foolish followers. By their folly and greed, they help create opportunities for the astute investor to exploit.