To: Mr. Forthright who wrote (3111 ) 12/6/1998 3:29:00 PM From: SOROS Read Replies (2) | Respond to of 37507
Dear Mr. F, Could you enlighten us? Are you saying that there are not now or have not been any small stocks that do promotion (any way you want to see it), that eventually become growing, profitable companies? I'm sure you would have said the same things early in the game for every technology company (including Microsoft, etc.) when they were in their first few years. This "company they keep" phrase is sometimes valid, but it is not physical law. Are there any small companies on the globe that you do like? Any that you DO think will become profitable? I heard a mutual fund manager saying he ONLY buys companies that have demonstrated at least 10 years of advancing earnings. He said he would only buy an internet company for his fund when they had turned in several years of profits. This is his idea of risk/reward. He is uncomfortable with any perceived risk. He also will never have a single investment that appreciates 10, 20, 30, or 50 times within a short time frame. Is this where you stand on investing? Because you personally have no risk tolerance, you are miserable every time you see others making large amounts of money on a "risky" investment? Therefore you have to go from thread to thread "preaching" your style of investment to try and make others go your "way"? When you see one of the "risky" stocks drop in value, it makes you feel "good" about your chosen investment "style"? You have every freedom to spend your money any way you want, but I, and from what I read, many others, find your "style" of "preaching" and narcissism very unbecoming. You can continue to hide under the guise of "saving the small guy" (and I'm not, nor or most people if they have been on these threads for any length of time so naive that they don't think there are "paid" promoters on most stocks simply looking for a quick buck), but I think you do what you do because you are simply eaten away with jealousy each time a stock does skyrocket, that you have to then feel you "helped" to make several others go down in order to balance your internal struggle. How are you helping anyone? You never offer suggestions on where to MAKE money -- only on where you think people should not LOSE money. If you think everyone should invest only in "quality" mutual funds, then just say it and go to a mutual fund thread. Because whether you like it or not, most people on SI are here to find the "risky" stocks that CAN make them a lot of money. Bill and Mary Smith who are in CD's, bonds, mutual funds, etc. don't even own a computer, much less know that SI even exists. You are preaching to the wrong choir. I'm not saying you are wrong about everything you say, but I KNOW you are not right about everything you say, whether you believe it or not. And your bedside manner would kill a lot more patients than you could save if you were a brilliant surgeon. Have a good week. I remain, SOROS