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No. of Recommendations: 4
The idea of mechanically picking a screen, and beating the market was very enticing to me. I spent a lot of time experimenting on it, and had a lot of fun. At this point in time, it appears it no longer works for most people. Attendance on the board is declining. It seems it is mainly people like myself, who have been coming for years, (some have been coming much longer than me), who still come here.
When a companies business model no longer works. What do they do. They change.
They are a number of things that still seem to work. Close end bond funds beat other forms of fixed income, preferred stocks beat bonds, I know people who do very well selling cash secured puts, and covered calls.

Then there are the more out there ideas. Crypto currency, NFTs, buying farmland, etc.
I have loved going to this group, and I fear that unless it changes with the times, that attendance will dwindle more and more.

I don’t know if my ideas have any merit, except one. The focus of the group needs to change to things that generate alpha.
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