Matthew Clinger wrote:
It's easy to say that when you don't know my circumstances. I happen to be attending college and extra classes on the side right now. I don't happen to *have money* to invest currently, or I'd be doing so. But even if I did, so what? I don't sell the process. I sell the product. People get the portfolios I create and don't generally get to have an inside look at my exact formulas, only the overall process at most (unless I happen to be creating a portfolio for a family member, such as I have indeed already done). The fact is that there are tons of different methods for investing out there which people spread their money through. There's growth investing, investing in indexes, ETF's, options, commodities, bonds, CD's, etc. You think the world is going to get its hands on my formulas? You gotta be crazy. If people want to know about value investing, I generally refer them to a book on it. People that get portfolios from me get the general idea of what I am doing, and may indeed see a lot of the process, but I keep the formulas to myself unless I happen to totally trust the person (2 others so far have seen the exact formulas and I trust them not to leak it).
the plot thickens! I'm sure you have to see the irony of having someone who doesn't have any money invest your money? you do see that, right? let alone a college kid. for your sake, I certainly hope you are the next buffet. But, I'll take my chances and play it safe....if you are some prodigy, I'll be the first to admit it I talked trash. But, I'm not too worried about eating that crow.
When's the newsletter coming out?
"If you only have 1 year to live, move to Penn...as it will seem like an eternity."
Good to see you back, I was starting to miss your incisive commentary!