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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (56478)	12/31/2015 12:32:47 AM
From: Jurgis Bekepuris	1 Recommendation Recommended By geoffrey Wren Read Replies (3) \| Respond to of 78748

People might think that I only criticize Mike. No, I don't. :) One thing to learn from Mike's career is that the way to stand out is to have a very strong variant perception and bet very heavy on it. That's how you become very rich and very famous - unlike others on SI (and to be honest CoBF). Of course, the risk is that you might be wrong... or you might be right but you don't last until you're proven right. And then you don't become very rich and very famous... ;) I guess the above underappreciates the foundation Mike had for his big call. If he did not have that monetary foundation, the call would have drawn much less attention and the results would have been much smaller (if noticeable at all). So I guess that's the second lesson: before you do a big dive, get on a tall jumping point. These two together might be why Mike has been so successful. They required different skills, different attitudes, psychology and timing. Switching between the two was probably not easy either. So ultimately, there was something in that guy... ;) OK, can we call him Magic Mike now? :P

To: Jurgis Bekepuris who wrote (56478)	12/31/2015 11:28:53 AM
From: MCsweet	3 Recommendations Recommended By bruwin gcrispin Spekulatius Respond to of 78748

Totally agree Jurgis, I love these stock boards. They have been very helpful for me, but one thing I find disturbing is that some people idolize posters and then sometimes blindly follow those posters without thinking for themselves. Same goes with Michael Burry worship. Everyone is fallible and in my experience investors are most vulnerable (overconfident) when they have had the most success. Following pundits at that height of their success has often been a recipe for severe underperformance. MC