Larry:
"(3)You know that Bob Brinker has a habit of just
forgetting about stocks.
(4)Hope your newsletter does not do the same."
Yes, Brinker makes no mention of his past bad recommendations that didn't work out well. UTEK, TEFQX, QQQ, Dumping Price Science and Technology after many years of under performance just before tech took off, talking abut Lucent on the show as it marched higher and higher, then saying “we gave up on it” after cornered by a caller when Lu became a penny stock.
I wish there was a requirement for newsletter writers to list everything they have recommended in the past in a table so people can look it up.
For me:
EVERY buy and sell, including $15 per transaction commission, is put onto a table that I update and give to subscribers monthly.
At the bottom of this table I show a graph of my portfolio value since inception so they can see how volatile it is.
To go one step further in full disclosure of the past I list the stocks I owned but no longer cover in my newsletter. I have a bit of text where I say what I learned from owning these stocks.
For example, I owned Lucent for a short time in my portfolio when I considered it as a falling knife catch. This is what I have for Lucent: “Happy to be out at $17.75! Some of your best decisions are what you decide to NOT buy more of.” I decided that the money would be better in CACS for a “telecom play.”
Larry, you give all sorts of tables in your writing but I can't find mention of where you disclose to your readers that you once tried to manage a paper portfolio then promptly lost 96% of the portfolio. Can you point to where you disclose this? Do you think is fair, if not dangerous, to hide from your readers you once had such a loss?
I am far from perfect, but at least I try to disclose all my paper portfolio transactions since inception.
AI
