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

To: Kirk © who wrote (2638)	1/6/1998 10:00:00 PM
From: sea_biscuit	Respond to of 42834

I am particularly wary when it comes to taking advice about stocks from people who work for the respective companies. (The same goes for giving advice about the company that I work for, too). Often, people are biased (naturally) in favor of the companies that they work for. Plus, they generally own a large amount of stock themselves, so they tend to be enthusiastic (often over-enthusiastic and sometimes too enthusiastic to be sensible :-) ) about its prospects. The big danger comes from the people's feeling that they know everything about the stock because they work for the company. Not only does it destroy the dispassionateness that an investor must have in order to succeed, it also gives rise to smugness and complacency. And so, it usually turns out that, in spite of knowing so much about the company and its products/services, sadly, such people (and those who take their advice) get shafted by what they didn't know. Dipy.