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Author: imcharliehm Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35383  
Subject: Re: OT: Any TC2000(funds) Users? Date: 6/21/2002 12:42 AM
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This is nonsense. Greater risk leads to greater potential for reward. It also leads to greater potential to lose everything.

No, Loki.

It's your protestations that are nonsense and a classic example of the sort of emotionally-driven exaggerations I'm pointing to as being potentially short-sighted mistakes, as is consistent with and confirmed by current research work, should you choose to avail yourself of their published insights and not just my informal reports and speculations. Unfortunately, the weight of evidence is against you in this case, if you'd take the time to look.

Why some people are the psychological equivalent of Chicken Littles when it comes to money management and why they flock to the inferior instrument that a CD patently is is exactly the sort of topic that your collegues in other departments are studying and reporting on, and the sort of topic that is entirely appropriate for discussion in TMF's fixed-income forum.

If the topic of behavioral finance doesn't interest you, click on thorough to somewhere else. Don't tell me your troubles, because I don't share your fears, nor, hopefully, does anyone else who is willing to look at the matter rationally and dispassionately, deciding for themselves the merits of financial alternatives, either for themselves, or as a topic of pure research, or as merely engaging conversation.

Are you so afraid of ideas other than those of your own very narrow investing/trading experience that you need to argue against them by force rather than logic? Are you really a financial Luddite? If so, then you really have made the correct choices for yourself, because your fears are your reality, and you are dealing with them as best you can, as you should. Whatever I, or anyone else, might have to say is irrelevant to your needs and beyond your sympathies to comprehend, and you can safely ignore our discussions.

But what I find puzzling is that I've seen you pull off analyses that prove you think clearly and deeply, not that any of this stuff need be rocket science. But that isn't the voice with which you are speaking now. Look at your words dispassionately. Consider their rhetoric qua rhetoric. Go back and reread your most recent posts (which I haven't responded to until now beyond your first broadside, so surprised I was by what I termed your middleclass manifesto.) They aren't the product of library or laboratory. You've degenerated into sloganistic barrages rather than analytical cleavages. I'm really disappointed to discover your admmited expertise and clarity of expression in others areas, admittedly closer to your heart --and perhaps mine as well-- stops short at matters touching your bank account. It's an inconsistency that I find baffling, though entirely consistent with reported research, people's irrationality about money matters, their own claims to the contrary.

So that we can make a gracious end of this squabble, annoying the community no further, I'll apologize in advance for whatever I've said to offend your sensibilities and trust you can do the same in turn.

Best wishes, Charlie





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