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No. of Recommendations: 14
Throughout my career in investing (1982 to present), there have been a number of gurus on the market scene. Many have burned out, retired or have simply been unable to adapt to the changes in the markets over the years. Robert Prector comes to mind as being a bear throughout the entire bull market of the 1990's, yet is still in business. The junk bond era came to a close in the 1980's, though it has fostered the great entrepreneurial developments of the 1990's and that will continue for the foreseeable future.

Today's investment climate is no different than any of the past; just that everything happens much faster and the profit potential, both long and short are beyond anyone's belief. Such is the current situation surrounding the 'Gilder Phenomenon'. In the past, individual investors have blamed others for their misfortune, for their inability to take the necessary measures to protect their capital. And there will be others in the future-fantastic returns before the wave of the markets go in the opposite direction.

What is most disturbing in reading the posts here and on other boards is the fact that the investors are unwilling to plan effectively with regard to their investments. Doesn't anyone have a financial plan; a place where, should an investment not produce, the insurance kicks in to protect a large part of the original capital investment? (If you don't know what the insurance is, there are plenty of sources available to learn about it). No one has all of the answers; no one can. Only you can determine the course of your investments and the decisions that are based on your own plan. There will always be a Gilder, a Prector, a Granville, a revelation, but only you can decide what is the best course of action for your funds and your future prospects. Take the time to discover it!

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