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Pastimes : John Dessauer's Investors World -- Ignore unavailable to you. Want to Upgrade?

To: Ralph C. Cinque who wrote (1812)	11/1/1998 11:22:00 AM
From: Ralph C. Cinque	Respond to of 2346

I guess I can't blame Dessauer for highlighting his big winners and not mentioning one word about his grotesque losers. I could hardly expect him to commit suicide in a promotion. But the figure that matters most is his overall returns, what the totality of his advice has achieved. And here he is as slick and shifty as ever. He claims to provide his "independently verified" track record, but he fails to say who independently verified it. Think about it. What good is it to be told that something has been verified if you aren't told by whom? What means do you have to check it out? And then, instead of reporting his independently verified annual results starting in 1982, he reports "cumulative gains", in which each year is heaped upon the next, which produces these bloated-looking numbers. All of it is referenced to what happened to your initial investment going back to 1982, so it adds a lot of leverage. For instance, from 1995 to 1996 your gain jumped from 548% to 716%. For the first six months of 1998, your investment has grown from 824% to 947%! Now, PLEASE, think about this very carefully: There is no way that an independent source would report his record in that fashion. Nobody does that. If it's true that the numbers come from an independent source, then he extrapolated them, reinterpreted them into this "cumulative return" format, just to make them look better, to bloat them up. No wonder he doesn't report the source, because he's not directly quoting them. Those are his numbers. And, if you don't stop to think about what they really mean, you could easily get the wrong impression and think that the gains were astronomically greater than what they really were. Despite the impressive numbers, if you looked at the "cumulative gain" of the unmanaged Wilshire 2000 stock index in the same fashion over the same time period, it was significantly greater. That's why Dessauer's numbers are so misleading. If the original numbers came from Hulbert (and he didn't say), why didn't he just quote them the way they were given? Why transpose them into this format? Is this truth in advertising? This is a deliberate attempt on Dessauer's part to twist the truth, to deceive, and to con. He is an evil character, and he is completely without a conscience.

To: Ralph C. Cinque who wrote (1812)	11/1/1998 2:34:00 PM
From: Wren	Read Replies (2) \| Respond to of 2346

The September Hulbert's ranks Investors World 2nd in total return ranking in the 15 year group. It is ranked 3rd in risk adjusted return in the 15 year group. There are 29 newsletters competing in the 15 year group. Hulberts also has 10 year, 8 year, and 5 year groups. Each of the four time periods is ranked for total return and risk adjusted return. Only the top five newsletters are shown in each of the eight groups. IW doesn't make the top five in the 10, 8, or 5 year groups. There are more newsletters competing in the shorter time periods, for example, there are 105 competing in the 5 year groups.

To: Ralph C. Cinque who wrote (1812)	11/2/1998 10:04:00 AM
From: psyched	Read Replies (1) \| Respond to of 2346

"He says that he won't let you "sit in investments that are past their peak'"etc.. I can't believe he actually had the audacity to make these promises! Were they in his previous promotions. Seems like he advised selling Sew, Cppky, SME, GFfunds AFTER they cratered significantly. Of course Asia will return AFTER his sell signal. Based on his hype and promises, the man sounds like a complete fraud.