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

To: Allan Harris who wrote (2543)	12/30/1997 12:35:00 PM
From: wooden ships	Read Replies (1) \| Respond to of 42834

King of France: My Lord, were I a stock owner in this particular restaurant chain I, too, would have been delighted by the Fools' determined hyperbolic diatribe last Sunday with respect to that particular company. To those of us MoneyTalk regulars, however, used to Commander Brinker's overall eschewal of hyperventilative bombast with respect to individual issues in favor of a more generalized market approach and strategy, the Motley Fools evidently struck a discordant note- judging by the sample of harsh reviews here. P. T. Barnum made hordes of money for himself and his backers, doubtless. That happy circumstance notwithstanding, it is to be wondered whether Phineas T., given the opportunity to hawk his wares over the radio, might have commanded the limitless respect and vast following of a Mr. Brinker, whose integrity remains unquestioned and long-term track record virtually unmatched. As to your broad-brushed condemnation of the good fellows and ladies here who (to use an analogy spawned by your specious argument) should never fly a aeroplane because they can not build one, I have nothing to add other than it shocks me that a King of France should stoop to such indignity.

To: Allan Harris who wrote (2543)	12/30/1997 2:07:00 PM
From: sea_biscuit	Respond to of 42834

To all who think that they are so much smarter then the Fools, how many books have you published and how many web sites do you produce? Huh? Last time I checked, Wade Cook had written 30 books while Warren Buffett hadn't written any! According to you, that should mean something! :-) Or perhaps more poignantly, how many original ideas do you have? How about the following? New investors should try to build a portfolio with these funds (this is a 80/20 stock/bond portfolio): 20% -- Vanguard Short-Term US Treasury Index Fund 20% -- Acorn International Fund 10% -- Vanguard Total International Fund 10% -- Vanguard Index 500 Fund 10% -- Vanguard Small Cap Index 10% -- O'Shaughnessy Cornerstone Value Fund 10% -- O'Shaughnessy Cornerstone Growth Fund 10% -- Payden & Rygel European Growth & Income or "Euro Dogs" Fund The average expense ratio works out to about 0.75%, which is pretty good. Once they have about $30,000 invested in the above (which should take 3 to 5 years for most of us), they should look for individual stocks. During that time, they can learn things on their own (and also possibly watch a few stocks getting decimated in the market :-)). Dipy.

To: Allan Harris who wrote (2543)	12/30/1997 2:11:00 PM
From: Trebor	Read Replies (1) \| Respond to of 42834

>As for the Fools, the incessant criticism of their ideas on investing rings petty and naive. What I hear mostly from them is "think for yourself, figure it out yourself,"< Well said! I have my problems with the Fools (namely their incessant hawking of their books and web site) but I'm also open to new ideas and fresh approaches and I think they bring that to the show. I also think I'm smart enough to separate the chocolates from the dog biscuits, whether they come from the Fools or any other market commentator. There is a tendency on this forum to think that if BB didn't say it, it can't be true -- or if he did say it, it's gospel. Ain't so! As one who is currently making money on Coke and losing it on UTEK, I'm convinced that nobody, not even BB, has a monopoly on all the market wisdom and foresight. I even think BB would agree with that statement.

To: Allan Harris who wrote (2543)	1/1/1998 11:51:00 PM
From: Greg Luke	Read Replies (3) \| Respond to of 42834

Allan, I see your posting provided ample fodder for the rest of the thread, who raked you over the royal coals. I can only add that just because someone makes money on one stock, does not mean they are a successful investor. Impulse buying (and selling), following the advise of tipsters and "experts", and a lack of discipline and patients, has a proven history of failure. Assuming you have the chance, you will find that Bob Brinker advocates diversity, a long view of economic conditions, and selected mutual funds for his very successful track record. I suggest you read the following: fee-only-advisor.com Frank Armstrong's book explains why some of the techniques advocated by the Fools are poison. Everyone and his brother has figured out that investing in the index fund of the S&P 500 is a "no-brainer". It outperforms over 90% of the mutual funds, including the "Foolish Four". I must admit, I do have a little "mad money" invested in a particular stock I like (Intel) and one of Bob's favorites (UTEK), so a little RAIN can fall on everyone's life. However, picking individual winners is not the way to Critical Mass..no matter what Fool tells you differently. Greg