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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?


To: cfimx who wrote (825)12/28/1998 7:51:00 AM
From: Tomato  Read Replies (1) | Respond to of 4691
 
OFF TOPIC

On Rogers, I think you're wrong. My point was that he stated in an interview in Wizards that he was basically infallible. Since I've been monitoring him the past 5 years or so, it seems to me that he's been wrong more often than right. E.g. he has been crying wolf about inflation - that everyone else was wrong and that inflation was headed up, up and away for about the past 5 years to the point where I've seen him satirized about it in financial articles and/or SI. He was dead wrong about that. Other examples that come to mind include his recommending shorting DeBeers about 3 or 4 years ago. I think it probably doubled from where he recommended shorting it before coming back down. I think he recommended shorting a significant number of stocks that would have lost you money. He was long a lot of commodities that I don't track but assume are not up. To track him lately in Barron's you'd have to check Bourses in 3rd world countries, since it seems most of his picks are conveniently for him not on exchanges that are not easily accessed by the multitudes who have discount brokers and would have a hard time following an obscure company in Rwanda. I don't feel like looking up Barron's Rountable articles from the past 5 years or so to provide footnotes, but I'd bet you he didn't beat the market and probably did a lot worse.

I happened to see him on CNBC a couple times and have not been impressed. Anyway, I think Soros is better served with Stanley Druckenmiller being his anointed trader than with Jimmy boy. I hope he has more luck with his newest trophy girlfriend than with the one he went motorcycling with the last time.<g>