Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: kcahill2 Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 677  
Subject: The Price of Fame Date: 4/22/2000 11:29 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
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!

KC
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Value Hounds

Netflix Riles Investors
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement