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Super Contributor
If they know that their performance are being tracked they will problably think harder before making a punt. Or at least qualify their punts. Same goes for the snake oil salesman out there. Or is there an underlying truth we must accept that they also dont really have a clue where this market is going.
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Regular Contributor
Magnus Heystek once spoke about a SABC commentator (he didn't give us the name) who was forever predicting some disaster in property or shares or currency or whatever.. He said "You've got to admire this guy's consistency - he's been consistently wrong for 40 years"
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yeah I also have some of those power point market outlook presentations...how smug and bright eyed they were...the one confirming the opinion of the other in an gangbang of hubris...
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I just read an interview Paul Hansen did on SAFM on 5 Feb 2007 punting the Stanlib International Property Fund. The full interview is here: http://www.moneyweb.co.za/mw/view/mw/en/page55?oid=66811&sn=Detail Performance of the fund in the last 2 years? -54%
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Super Contributor
If one relies on "talking heads" to make decisions, one should NOT be investing/trading.... Period.
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well at least he outperformed the index in terms of losses!
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