A Foolish Interview with ripvanwnk1
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|The Fool:||Tell us about Your Dumbest Investment... and the lesson you learned from it.|
the nose strips....those strips that the football players wear. I was SOOO Peter Lynchian. So proud of myself. I saw them on the shelf, and because my nose gets stuffy when I lay down, I decided to give the strips a try. They worked great. Damndest thing. No more decongestants!! I can sleep and breathe free. Amazing. Of course in those days I was constantly on the Lynchian prowl. I checked the strip on the internet. There it was: CNXS. Small company, way down from its highs (now 14 from 25), cash in the bank. The whole nine yards and football players to boot. Plus I found it and Peter woulda been proud. I just knew the whole sniffling and deviated septum world would wear em. I loaded up on the stock. I convinced my brother to load up. Then my father. I bought some for my corporation. But the stock was tanking. I had no clue why...until..... I got a new girlfreind and it was time for bed. No way I was gonna wear that thing!
Must be a common feeling: CNXS fell straight down to 3.
|The Fool:||When you aren't working or sitting in front of the computer, what occupies your time?|
|The Fool:||Tell us about your greatest personal success, not necessarily finance related.|
Actually three that I consider equally rewarding. The first was running real fast. Setting records in High School and College in distance events. Second was the steady climb to becoming the 6th best chess player in USA (correspondence chess) and becoming a senior master. The lessons I learned from those quests have been transferred to investing now. Third was being involved with a young boy who won the National elementary chess tournement. I was his teacher, and the years we spent together were so very rewarding for the both of us. If you've seen "Searching For Bobby Fischer" you've had a glimpse into my world.
By the way...it was the process of "becoming" that was the true success, and supplies the memories.
|The Fool:||What's your favorite Fool message board?|
For me its mostly the TMF's that make them worth the time. So the answer is: probably wherever Nico last rant and raved. And Jeff and David.
I need concepts before I start thinking about companies. The only way I can invest is to build a sound foundation. First is the faith in myself. I also need faith in the country I invest in. I want a sector thats in growth. Internet is my sector. Nico is an Internet addict, and her conceptual, abstract treatment of internet issues are most interesting. Concepts are the bricks of my foundation. Rules DO NOT exist. I AM NOT a rule breaker. I rely on concepts.
I HATE messages w/ hype. So I do 90% of my research outside of the boards.
|The Fool:||Tell us about your first date. Who was it with and where did you go? (Remember, this is a family show!) ;)|
|ripvanwnk1:||I was so nervous. So out of place. Hopeless. I was just a totally dedicated naive jock. You really don't need to hear this. I'm not answering this.|
|The Fool:||What's been your best investment to date and how did you discover it?|
|ripvanwnk1:||AOL november 96 for a mere 6 bucks (which I still own) helped me find my single best "CONCEPT" stock....My best investment was buying a concept. That concept was to treat the INTERNET as ONE stock. I thought lots about it in 97. I ended up trading every non-internet stock I owned for internet stocks. 98 was a 200% year for me.|
|The Fool:||Do you have a favorite company or stock which the worldwide Foolish community should know about -- and why?|
|ripvanwnk1:||yes, except the company is the concept INTERNET. Period. If the Gardners were out to make the highest returns, I am positve they would be fully invested in the INTERNET. They'd have awesome returns! They know the net like none of us could because of the Motley Fool and affiliations with AOL and Amazon etc. But the poor guys are shackled by their desire to prove principles.|
|The Fool:||List some of your favorite websites, with running commentary where appropriate. (Please provide the URLs, too.)|
|ripvanwnk1:||Forget that question....I'll tell you another thought I have about the Motley Fool: they should start a Port called "The Max Return Port". And it should be all NETS. Thats their playground. By doing that they could illustrate how to put your own personal edge to work. But theres even a BIGGER lesson they can teach. You see, the Gardners real stock is themselves. And its manifested in the Motley Fool business. They really only own one stock. This is the lesson they have yet to unfold. Or maybe they need to learn it themselves first. I am sure they will one day, and a book will likely follow to become a classic. They're off to an amazing start!|
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