Chris Scoreboard Johnston writes: (various whining and flaming, ranting posts)
Chris, either put up OR shut up. By “put up” I mean add some value by putting up YOUR PREDICTIONS. I’m sincerely interested in your predictions and analysis. I’m NOT interested in reading your ranting whining posts that flame other predictions.
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I’ll defend Chris for a moment here. In the past (2006/2007) he put up several trading predictions most of which played out pretty much as he predicted. I remember such things because I don’t see it too often and I’m actually a professional investor, although not a trader by any means (I’m in private equity). So, at least where the past is concerned, Chris has put up his predictions – and been correct enough for me to take note. Now, I haven’t seen any predictions this year, nor do I know if his previous predictions were more luck than strategy – that’s beyond the scope of this post. But he’s made some good calls in the past – calls that I thought at the time were unconventional.
Anyhow, I’m not a trader. I’m an arbiter of business value. I think trading is really hard. Determining the value of a business – if you understand that business extremely well – is a lot easier, to my way of thinking. And there are plenty of businesses out there that aren’t too hard to understand if you put the work in. And if you do your due diligence, buy the business right, and have a good bit of patience, things tend to work out well over time. That’s just an observation… worth exactly what you paid for it.
