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Re: [sharechat] Profiting from Market Inefficiencies


From: "tennyson@caverock.net.nz" <tennyson@caverock.net.nz>
Date: Sun, 1 Sep 2002 22:04:25 +0000


Hi allan,
 
>
>
>Dear Snoopy,
> 
>What type of work do/did you do prior to this??
>Answer me privately if you would like to.
> 
> 


Hmmm, you make it sound like I do nothing else but plan my day around 
'sharechat'.  I must admit there have been periods of a few days 
where it feels like it ;-).

I'm not going to answer your question for the following reason.  I 
wish my posts on this forum to be judged *only* on their content, and 
not to be read with one hand while at the same time being judged 
along the lines:

"Snoopy thinks that because of having a background working in 'so and 
so'"

I don't wish any of my posts to be tarnished with my background 
because I 'have done' or 'have not done' something, or because I 
'have got' or 'have not got' some qualification.  Whether I am a 
retired CEO of a major company or a fifteen year old kid who has 
learned most of what they know about business by reading old fish and 
chip newspaper wrappers should be of no consequence as I see it.  An 
ex CEO can post rubbish and a fifteen year old kid can post good 
stuff and vica versa.  Let each post be judged on the merits of it's 
content I say!  I think everyone on this forum has something to 
offer, and also that no-one is above having their view challenged.

Having said that, I also feel strongly that every person who posts 
(including me) has the ability to improve themselves.  A moderate 
level of mathematical literacy is desirable:  The ability to not 
only read graphs but understand what is behind them, for instance.  
Further, I think the ability to understand the 'numerical' side of 
company annual reports is useful.  I think the ability to understand 
the concepts of discounted cash flows and compounded returns are 
skills I wouldn't be without.  Also the ability to not be distracted 
by 'side issues' (events that may seem important on a day to day 
basis but are not) is a fairly useful skill to have.

Despite what I have just said (or not said by not telling you 
anything), one item of disclosure is important for me.  Namely if I 
am posting about a share I think it is important that people know 
whether I hold that share or not.  This is the kind of bias that can 
have a material effect on a post that every reader should know 
about.

SNOOPY





---------------------------------
Message sent by Snoopy 
e-mail  tennyson@caverock.net.nz
on Pegasus Mail version 2.55
----------------------------------
"Sometimes to see the wood from the trees, 
you have to cut down all the trees."



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