Re: [CANSLIM] Re: CANSLIM Returns (was: Intro: Jeffrey Gasta)

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Re: CANSLIM Returns (was: Intro: Jeffrey Gasta)
Date: Fri, 26 Jul 2002 21:41:16 -0400

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I think that altruism, and corporate ethics, varies over time. The sharp run
up during the 90s made a lot of people greedy, including both corporate
execs as well as investors. Times have changed, and many investors have been
experiencing their first ever true bear market, where they keep losing money
no matter what they do. Some are going to look for someone to blame, and
corp execs that got too greedy present a very good target.

I have always looked at WON as a businessman first. He made it his business
to know everything possible about the stock markets. While he has not
succeeded at every business he tried, like CANSLIM he has succeeded at
enough to be rich today. I have no fault with him selling his expertise,
rather than giving it away.

Truth is, if he did not charge for his expertise, would we value it as much?

- ----- Original Message -----
From: "Norman" <theboyd@tisd.net>
To: <canslim@lists.xmission.com>
Sent: Friday, July 26, 2002 9:29 PM
Subject: Re: [CANSLIM] Re: CANSLIM Returns (was: Intro: Jeffrey Gasta)


Doggone!  Is there another biologist in this room?  Good explanation of a
basic concept of behavioral ecology, Mike.  Took me right back to my college
Ecology class.  Unfortunately, humans are usually the exception to
behavioral, and most other, ecological principles.  We are like a bad rumor,
taking on a life all our own, on the ecology field.  After witnessing the
events of the past year, I am skeptical that altruism is common in the
marketplace or the corporate world.  That said, Katherine does seem to
possess that trait, as do several other members of this group.  Darwinian
investment strategies??

norm

- ----- Original Message -----
From: "Mike Gibbons" <mikegibbons@proactech.com>
To: <canslim@lists.xmission.com>
Sent: Friday, July 26, 2002 6:56 PM
Subject: RE: [CANSLIM] Re: CANSLIM Returns (was: Intro: Jeffrey Gasta)


> Robert,
>
> I think Katherine was acknowledging (perhaps unknowingly) a theory know as
> "reciprocal altruism" (Robert Trivers, 1971) wherein the human species has
> developed an unconscious recognition that an altruistic act will be be
> repaid in some way that provides Darwinian benefits to the giver. This
trait
> is more highly developed in some people than others ;-)
>
> In the context of this list, it seems to me that the benefits of altruism
> are: shared knowledge makes us all wiser and hopefully richer (certainly
> intellectually if not financially); we gain the esteem of our peers which
> raises our own self-esteem; and the Darwinian payoff is that we can better
> provide for our offspring.
>
> I don't know anything about Katherine's family, extended or otherwise, but
> I'll bet they'll reap the benefits of her altruism this side of the pearly
> gates.
>
> Aloha,
>
> Mike Gibbons
> Proactive Technologies, LLC
> http://www.proactech.com
>   -----Original Message-----
>   From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of RWElmer@aol.com
>   Sent: Friday, July 26, 2002 12:43 PM
>   To: canslim@lists.xmission.com
>   Subject: Re: [CANSLIM] Re: CANSLIM Returns (was: Intro: Jeffrey Gasta)
>
>
>   Hello Katherine,
>
>   "Not a single person who shares information and knowledge does so
without
> an expected return of some kind."
>
>   If that's true, I still haven't figured out what exactly you hope to get
> out of all the seemingly selfless help you give to so many. If it's
brownie
> points in heaven, I think you're whole extended family would qualify at
this
> point ;0)
>
>
>   Robert W. Elmer
>
>


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