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


To: Shane M who wrote (56494)12/31/2015 5:12:32 PM
From: Jurgis Bekepuris1 Recommendation

Recommended By
Shane M

  Read Replies (1) | Respond to of 78758
 
Shane,

Right, with some exceptions I also try not to engage into the fights about concrete stocks. Most of the time I don't find myself "pound the table" superbullish about any stock. In the best case, I think "yeah, this might be cheap, but things may go badly in this way or other way, so maybe it's a buy, but maybe not". This usually paints me as a target for both bulls and bears, since most people treat ambiguous position as opposing to theirs.

Also, I take a lot of arguments emotionally and personally. That might explain the inverse-William Green result that I am not a great investor. ;)

I sometimes have strong opinions about why stock is not a buy, but I try to avoid talking about these too, since it doesn't help me - I won't buy or short that stock anyway; and it doesn't usually help the person who thinks the stock is a buy because they are sure they are right.

Anyway just some thoughts about this metatopic. ;)
My portfolio updates - and 2015 returns - will be posted in next couple of days. Nothing to see though. ;)

Happy New Year!



To: Shane M who wrote (56494)12/31/2015 6:34:28 PM
From: Paul Senior  Read Replies (2) | Respond to of 78758
 
re Asperger and best stock pickers.

William Green, an author who studied some of the best investors, commented in an interview that one of the best investers he knew felt most of the best investors "had a touch of asperger's" that helps them remain less emotional about the market, enabling better decisions. A component of asperger's is also relating to people in a different way than most.

The emotional and relating-to-people thing isn't all of it: A BIG component in my view is this characteristic "Intense preoccupation with a narrow subject".


I believe people who come here seeking some info regarding Mike, wanting to know how he did it (got to be so successful), seeing if they can find ways to emulate him -- aren't really aware of how his Asperger's really may have helped him: He could focus like no other. Well imo (even as I acknowledge my lack of depth or involvement in researching stocks that I buy). All together, this makes him a rare bird -- not a person whose methods/temperament/fortitude can likely or easily be duplicated.