price correction, page-18

Saracen....

A little off-topic here but something I must say...you posted:


"One interesting gentleman who loves to bait and bullsh*t is Clarkkent (again don't crucify me on the spelling) on this chat group. He claims to be a terrific trader yet holds around 40 stocks. Clearly if he understood the Nobel winning idea of Diversified Portfolio he would recognise it improves performance up to 8 stocks (in diverse industries) and tapers off after 15. My point is that you lose credibility with the ASX 200 as your signoff to a posting as master trader."


Agreed that Clark certainly likes to taunt, and sometimes that can be annoying....but in reality I think your comments are a little off-base.

Clark certainly has a lot to offer this forum in terms of his knowledge and investment abilities....to read some of his posts (when he is not aggravating people) would illustrate to anyone that he certainly has a command of investment strategies, and long-term wealth creation.

A master trader I don't believe he is....and I don't think he has ever called himself such....to say though that he may be a master at investing would not be too far the mark....certainly from some of the arguments/debates and points that he has presented on this forum, little room is left for doubt over that.

:)


P.S. And not to argue with you, but I don't agree with the point you make about some point of diminishing returns after holding eight stocks in a portfolio....it may be possible that short-term gains may not be as high, but over time, I would think that that argument would not hold. BUT this is something I don't want to debate with you here....I'm already off-topic as it is.