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Author: 1953hogan Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 18386  
Subject: Re: Stategy? There is no Strategy here? Date: 9/17/2000 12:46 AM
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But my point is there is no strategy. You say there is some 4x4 rule. Well, if the Gap has met the 4x4 rule and the strategy says sell, then if you are following the plan then should sell without a second thought. If you believe in the Rule Maker criteria then you should be confident with the decision to sell.

Tokushima,

This sounds as if you expect this thing to be a mechanical strategy. I'll grant you that it's not entirely. If your looking for one of those, there are plenty of other screens on the Fool website.

You keep holding up hindsight as proof that the RM strategy isn't very good, or isn't a strategy at all, or whatever. In my first reply to your original post I asked you to enlighten us by posting the strategy that does have this magical predictive power. Again, I ask, please do so to help us all learn.

It's easy to be critical of the work of others without presenting any real solutions of one's own, isn't it? To paraphrase Theodore Roosevelt's famous quote: "It's not the critic who counts, not the man who points out where the strong man stumbled or the doer of deeds could have done better. The credit belongs to the man in the arena, not to those souls who know neither victory nor defeat."

I don't agree with your original post and its level of cynicism. But certainly, you have the right to make your opinion known -- that's what these boards are for. I've enjoyed reading your point of view and it has given me pause to consider the worth of the RM strategy.

Having taking that pause, I still have faith in this work in progress that is the Rule Maker Strategy. But thank you for giving me something to think about. I'll be a better investor in the long run for it.

hogan
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