To: Chuca Marsh who wrote (7654 ) 9/28/1998 10:34:00 PM From: JACK R. SMITH JR. Respond to of 14226
Chucka, I read your Cirriculum Vitae and it is about as confusing to me as most of your well intentioned posts. I am not sure whether yo is a miner or an actuary? Be a miner, cause I trust those lots more than Inshorance agents! The miners themselves, not the mine owners, you must understand. Obviously, my friend, whom I have never met, W. Buffett (did I spell that right) likes reinshorance agents, because he bought into General Re, or will soon have a large chunk. I heard rumors that he has given up on silver, but I do not believe that. Poor guy, he is only the second richest man in the world. I sympathize with him, cause he got it the hard way--by investing--!!! The richest guy, presently is a geek who dropped out of Harvard, and the third is his partner, Mr. (I forget his name). He is older than the geek and is the one who got him started and brought him along. The geek is good, and I give him his due, but no man can own the world, and trees do not grow to the sky, but through diversification, he may do quite well. I have bought most of his systems, and mostly, I am not happy, but perhaps he will improve as he thwarts all competition. I thought that CPM was pretty good, then he came along! Enough of that, let us talk about experts. I define those as drips who are under pressure. If you do not believe me, then take this challenge. Subscribe to the Dick Davis Digest for the next 6 months and whatever is recommended, then wait 4 to 5 business days and take the opposite position, either through purchasing puts, selling calls, or outright short positions where legally allowed. You need not actually do that, you can do it on paper and see if I am right. Just very contrary, Jack!!