This statement just goes to show how worthless your Wharton MBA is when it comes to making money. I thought you were finally banned. I have no idea why you are still allowed to post.
15% a year for a trader is pathetic. Lost opportunity cost is tieing your money up in a stock that isn't doing much. A trader can make easily make 1%/day (or more) by actually trading his money and not tieing it up for an eternity. Stocks go up and stocks go down ... a trader exploits this and trades both the long and short side. Investors buy and wait ... kinda like you!! Sorry but I don't know any traders who only play the long side.
Mecro, the statement you referenced shows one way mr.m puts the spin on things. Note how his answer slants the making of "15% in less than a year" to skew the argument away from it's point, which was about 'opportunity cost': that capital actively held in a losing trade cannot be applied to another opportunity in the interim. Now here's another way we could see "opportunity cost" then: if mr.market holds XYZ stock when it's down from his original entry price, but it still is a "go" according to his model - that's why he's holding it, after all- then if it was a great pick at the higher entry price he paid, why don't we see him grabbing up more shares at their lower price?
to the moderators, aren't you all sick and tired of mr. market pimping his site? When will you all learn???
Geez, He puts his picks up for everyone to read. Maybe he's not putting all of the open positions, but so what? How is he hurting you? Did you take his advice? Are you doing better? Prove it! He takes a different view then most people here in his methodology, but so what? And if he thinks he's so great, then how is that hurting you? After all, you guys are the ones making the thread so long by taking every single piece of bait he throws out.
Good points, although I would argue I'm not offering any bait. Here are my open positions: STOCK DATE IN PAID NOW GAIN TARGET PTSI 4/15/2002 24.84 19.72 -20.6% 28.9 AXL 5/20/2002 34.73 39.63 14.1% 40.2 CHKE 5/22/2002 21.50 22.45 4.4% 24.9 WSB 6/30/2003 10.67 9.65 -9.6% 12.4 HELE 9/2/2003 24.13 22.65 -6.1% 27.9 PRX 9/18/2003 72.40 72.58 0.2% 83.7 CBK 10/20/2003 29.38 27.05 -7.9% 33.9 CCBI 11/5/2003 20.20 20.09 -0.5% 23.3 DHI 11/10/2003 40.23 43.70 8.6% 46.4 URBN 11/18/2003 35.95 39.04 8.6% 41.7 WSBK 11/26/2003 31.50 32.43 3.0% 36.4
I would offer that if you actually read my posts, they are very pragmatic and innocuous with regard to my use of verbiage. The responses, however, seem to be more inflammatory. I don't see why I should be the one to be banned, when one looks at the thread in its entirety and analyzes which messages are value added. I'd like to stick to the topic, which is the superior way with which my model picks stocks.