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

To: marc ultra who wrote (2644)	1/7/1998 12:29:00 PM
From: wooden ships	Respond to of 42834

Marc: I admire your faith in your fellow man; I truly do. Of course, charges of questionable journalistic practises and conflicts of interests have been leveled at CNBC-TV for years. A glance at the Silicon Investor CNBC thread gives some extra dimension to these occasional assertions. As for the Fools, I shall maintain my deep skepticism of their inmost intentions and motives as guest hosts of MoneyTalk. The coincidence of their protracted RAIN dance, which dance was noted in my prior post of nearly a fortnight ago, and the current carnage in that stock feeds my suspicions. Indeed, I believe the burden of proof in this matter now rests upon the Motley Fools. Suffice it to say, I hope we have heard the last from these fools at Brinker's appointed hour.

To: marc ultra who wrote (2644)	1/7/1998 5:36:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 42834

Re: the "buy what you know" stuff popularized by Peter Lynch, this is what Diana Henriques (author of "Fidelity's World") has to say. The same could apply to the fools' followers too. This is from an interview Ms. Henriques gave to PBS TV : Peter Lynch is remarkable. He has established a place in the public mind that is rare in mutual fund history. Only one or two people have ever done it before him. And he has become an icon for personal investing through mutual funds in the way that has never occurred before, even with prior fund celebrities. But it's very much a two-edged sword. Peter Lynch is a genial, open, reassuring person, but he has the flaws of his virtues. He is in some way almost the opiate of the masses. A good dose of Peter Lynch and you feel empowered. The stock market looks easy. Investing looks fun. [emphasis mine -- Dipy] Mutual funds look like a sure thing. He doesn't worry about risk, so you don't worry about risk. He's had a remarkable impact on how the average American consumer thinks about the market, thinks about stocks, thinks about mutual funds. And although they were empowering, they were not healthy. They were not the whole picture. They were not a very balanced picture. He was, in many ways, a one-trick pony. He was a bull market investor. He ran a great bull market fund through a great bull market. He doesn't have much of a track record as a bear market investor. So if we hit a bear market, his lessons are going to be lost for us.