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Hey! You should have also mentioned Warren Buffett!
Lionel
At 06:29 PM 9/18/97 -0400, Frank B. Gaylord wrote:
>At 05:51 PM 9/18/97 -0500, Ken Andersen wrote:
>>All,
>>
>>Does anyone have any thoughts on whether sharing, or even selling a
>>working, profitable system to the "masses" helps or hinders the system's
>>performance? I think a lot of traders and investors would be willing to
>>share (read: brag a little <g>) IF they were certain that doing so would
>>not dilute the effectiveness of their system. Comments?
>>
>>Ken
>>
>Ken -
>
> I have never heard of *anyone* losing anything after sharing their
>system. The only systems that I remember and that were shared *for free*
>are excellent ones. I have come to believe that those who are not willing
>to share their systems don't really have anything to share and that that is
>what they are hiding in not sharing anything. It is one thing to say that
>one made 90+% last year and another in explaining how and yet another in
>proving it.
>
> A friend of mine is a man whose *proven track record* over the last
>twenty-one years is better than 99.98% of all known public Money Mangers in
>this country and his system is *totally open* to the public! That is the
>way that it has been for years and other Money Managers are finally
>knocking on his door not to buy his system, which they could for a mere
>$250-$500, but to buy his talent to manage their moneys. Others have
>"borrowed" his system and tried to improve on it, but cannot seem to find
>any better way to do what he is doing.
>
> Peter Lynch's system was known to all who wanted to learn. That didn't
>seem to hurt him.
>
> I really believe that those who do not want to share and help others are
>only trying to fool someone, and that someone is really themself; if they
>were willing to share, the one that they would be helping the most would be
>themself.
>
>-- Frank :-)
>
>High Return on Investment using Technical Analysis
>http://www.usinternet.com/users/fbg/
>Minnesota Long Distance Canoe Racing
>http://www.usinternet.com/users/fbg/mnlong/
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>
>
>
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