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"Let me also make sure I tell you that I appreciate your compliment at the close of your note, by the way. Tom and I and all our advisors are doing the same stockpicking, due diligence, and level of outperformance that we've ever done before. The Fool's advisory services (with the exception of Global Gains, which launched a month ago) are all beating the market soundly, and several are at all-time high levels of outperformance over the S&P 500. For those for whom pro advice is something they'll gladly pay for -- and we're at all-time high numbers for subscribers too -- we're dishing out the same Foolishness we have for 14 years now."

How nice to get a response from one of the head honchos!

I'm one of those who will gladly pay for your advice, as I subscribe to both the Stock Advisor and Green Light. That compliment was intentional, and I hope you understand that my criticism of CAPS comes from a loyal fan of

While I've caught your eye, let me explain a bit more of my take on CAPS. I tried CAPS for a few months and got out when I realized that the scoring system was rewarding short-term investing. It seemed to me that this was contrary to Foolish philosophy: it encouraged players to pay too much attention to the daily ups and downs of prices, and the "Top Players" were those who had done well at such short-term thinking.

It was tough to stomach when after reading the latest SA newsletter with its frequent reminders to think in terms of 3 to 5 years (advice which has served me very well, btw), I'd turn to CAPS with its bold headlines shouting "You are winning/losing to the market today". Phrases like that have a distinct market-timing flavor to them, and if a newcomer were to visit CAPS and nothing else at, s/he would understandably form a very skewed view of the Foolish approach.

Thanks for the references; I'll take a look. A couple of the titles do surprise me a bit, as they seem to be about following the crowds, rather than contrarian investing. Obviously, I shouldn't judge these books by their covers!

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