So Laslo Birinyi just called the bottom on CNBC...
- Thread starter blackchip
- Start date
There is one telling item....
Really trading real money....
It is amazing how long pundits can run around dazzling would be clients with their logic .... when they are not really running any money.
If he is not running any money....then one can judge his money making ability by looking at his subscriber business revenue versus his personal costs of business.
This remiinds me of Merrill Lynch's 1:1 ....2:2 ....system etc....
Another would be Valueline....
Credible names, but no proof of performance running real money....
So far this gentleman has proven he can stay in business selling his logic.....as has Valueline....and Merrill....managing money ?
Where is his record of actually managing money ?
....................................................................................
Do you not just love it listening to every pundit ?
What most of them that manage money are saying is ....this is my logic....and if I am right , I will make a % of someone else's money at risk....and if I am wrong, I will not lose....but my clients will....
What a great business....eh ?
Selling logic reports of some kind is like selling a newspaper or magazine subscription....Create interesting headlines and somebody somewhere will buy it....or somebody will softdollar it....
Really trading real money....
It is amazing how long pundits can run around dazzling would be clients with their logic .... when they are not really running any money.
If he is not running any money....then one can judge his money making ability by looking at his subscriber business revenue versus his personal costs of business.
This remiinds me of Merrill Lynch's 1:1 ....2:2 ....system etc....
Another would be Valueline....
Credible names, but no proof of performance running real money....
So far this gentleman has proven he can stay in business selling his logic.....as has Valueline....and Merrill....managing money ?
Where is his record of actually managing money ?
....................................................................................
Do you not just love it listening to every pundit ?
What most of them that manage money are saying is ....this is my logic....and if I am right , I will make a % of someone else's money at risk....and if I am wrong, I will not lose....but my clients will....
What a great business....eh ?
Selling logic reports of some kind is like selling a newspaper or magazine subscription....Create interesting headlines and somebody somewhere will buy it....or somebody will softdollar it....
Exactly. Lazlo's track record is none too great.
And these earnings announcements are all in hindsight.....the Wallstreet layoffs alone will bring this economy to it's knees.
Perhaps tens or hundreds of thousands of 6-figure earners to be left with a severance....and no option other than to independently trade or retire.
Tucked up his arse.