Go to Jeff Salisbury LWGate Home Page.From: Sol Mayer <smaye1211@yahoo.com>
Subject: Re: [CANSLIM] Why Professionals go astray
Date: Tue, 3 Sep 2002 12:04:41 -0700 (PDT)
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- --0-1992134939-1031079881=:1329 Content-Type: text/plain; charset=us-ascii I remember reading about a certain "guru" who was all hype and he made his living selling his book and newsletter david frank wrote:I believe, Stan Weinstein had all of these attributes. He wrote a stockmarket book classic. He was a stockmarket master. His record speaks for iitself. I remember subscribing to his newsletter in the early 80's. along with Martin Zweig's. Had a picture of himself at his swimming pool. Record wasn't very good. david - ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Tuesday, September 03, 2002 12:59 PM Subject: RE: [CANSLIM] Why Professionals go astray > > No one should be wondering why Weinstein's or any other professional's > performance is poor relative to what they write or "should" be doing. > Human nature is a cruel element in investing. We are often at odds > between the logical and emotional aspect of our lives. Investing is one > of the most disciplined games around. I often compare investing/trading > to professional golf. In both, there is no excuse for poor performance > other than you. They are both an above the shoulders game. Your mind > can be your worst enemy or your best friend. What separates the top 10 > golfers in the world from the rest of the pack? Mental toughness, > discipline and being prepared. Truly great investors work just as hard > preparing themselves mentally as they do searching for the next big > move. Like WON, your investment discipline should be your own. Pulling > an idea here, pulling an idea there, creating a methodology that YOU are > comfortable with should be everyone's quest on this board. Didn't mean > to get heavy here, but if you want good, consistent results, work just > as hard on the mental aspect of your investing. > > Ed Gjertsen II > ed@macktracks.com > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Warren Keuffel > Sent: Tuesday, September 03, 2002 10:43 AM > To: CANSLIM list > Subject: [CANSLIM] Weinstein & Professional Tape Reader > > Someone on the list recently suggested that we should cast a jaundiced > eye on > Stan Weinstein's book because of his poor market performance. I wrote to > the > Hulbert Financial Digest (they track newsletter portfolio performance) > and > below is what they had to say. It looks like he missed the bull market > entirely, which I find surprising considering his emphasis on technical > analysis. > > So, what do you think? Should we toss out Weinstein's ideas because what > he > writes is not supported by real-world performance? (Katherine -- any > comment?) > > Warren > > John wrote: > > > Hello, > > > > We tracked the Professional Tape reader from July, 1980 through the > end of > > 1999 which is when they had stopped publishing. During this time he > had > > gained 1.3% per year versus 17.1% per year for the market. Since we no > > longer track it, it does not show up in the ratings any longer. > > > > John Kimble > > Hulbert Financial Digest > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - --------------------------------- Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes - --0-1992134939-1031079881=:1329 Content-Type: text/html; charset=us-ascii <P>I remember reading about a certain "guru" who was all hype and he made his living selling his book and newsletter <P> <B><I>david frank <CAMELOT.HOMES@CHARTER.NET></I></B>wrote: <BLOCKQUOTE style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px solid">I believe, Stan Weinstein had all of these attributes. He wrote a<BR>stockmarket book classic. He was a stockmarket master. His record speaks for<BR>iitself. I remember subscribing to his newsletter in the early 80's. along<BR>with Martin Zweig's. Had a picture of himself at his swimming pool. Record<BR>wasn't very good. david<BR>----- Original Message -----<BR>From: "Edward W. Gjertsen II" <ED@MACKTRACKS.COM><BR>To: <CANSLIM@LISTS.XMISSION.COM><BR>Sent: Tuesday, September 03, 2002 12:59 PM<BR>Subject: RE: [CANSLIM] Why Professionals go astray<BR><BR><BR>><BR>> No one should be wondering why Weinstein's or any other professional's<BR>> performance is poor relative to what they write or "should" be doing.<BR>> Human nature is a cruel element in investing. We are often at odds<BR>> between the logical and emotional aspect of our lives. Investing is one<BR>> of the most disciplined games around. I often compare investing/trading<BR>> to professional golf. In both, there is no excuse for poor performance<BR>> other than you. They are both an above the shoulders game. Your mind<BR>> can be your worst enemy or your best friend. What separates the top 10<BR>> golfers in the world from the rest of the pack? Mental toughness,<BR>> discipline and being prepared. Truly great investors work just as hard<BR>> preparing themselves mentally as they do searching for the next big<BR>> move. Like WON, your investment discipline should be your own. Pulling<BR>> an idea here, pulling an idea there, creating a methodology that YOU are<BR>> comfortable with should be everyone's quest on this board. Didn't mean<BR>> to get heavy here, but if you want good, consistent results, work just<BR>> as hard on the mental aspect of your investing.<BR>><BR>> Ed Gjertsen II<BR>> ed@macktracks.com<BR>> -----Original Message-----<BR>> From: owner-canslim@lists.xmission.com<BR>> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Warren Keuffel<BR>> Sent: Tuesday, September 03, 2002 10:43 AM<BR>> To: CANSLIM list<BR>> Subject: [CANSLIM] Weinstein & Professional Tape Reader<BR>><BR>> Someone on the list recently suggested that we should cast a jaundiced<BR>> eye on<BR>> Stan Weinstein's book because of his poor market performance. I wrote to<BR>> the<BR>> Hulbert Financial Digest (they track newsletter portfolio performance)<BR>> and<BR>> below is what they had to say. It looks like he missed the bull market<BR>> entirely, which I find surprising considering his emphasis on technical<BR>> analysis.<BR>><BR>> So, what do you think? Should we toss out Weinstein's ideas because what<BR>> he<BR>> writes is not supported by real-world performance? (Katherine -- any<BR>> comment?)<BR>><BR>> Warren<BR>><BR>> John wrote:<BR>><BR>> > Hello,<BR>> ><BR>> > We tracked the Professional Tape reader from July, 1980 through the<BR>> end of<BR>> > 1999 which is when they had stopped publishing. During this time he<BR>> had<BR>> > gained 1.3% per year versus 17.1% per year for the market. Since we no<BR>> > longer track it, it does not show up in the ratings any longer.<BR>> ><BR>> > John Kimble<BR>> > Hulbert Financial Digest<BR>><BR>><BR>> -<BR>> -To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>> -In the email body, write "subscribe canslim" or<BR>> -"unsubscribe canslim". Do not use quotes in your email.<BR>><BR>><BR>> -<BR>> -To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>> -In the email body, write "subscribe canslim" or<BR>> -"unsubscribe canslim". Do not use quotes in your email.<BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-In the email body, write "subscribe canslim" or<BR>-"unsubscribe canslim". Do not use quotes in your email.</BLOCKQUOTE><p><br><hr size=1><b>Do You Yahoo!?</b><br> <a href="http://rd.yahoo.com/finance/mailsig/new/*http://finance.yahoo.com">Yahoo! Finance</a> - Get real-time stock quotes - --0-1992134939-1031079881=:1329-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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