tag:blogger.com,1999:blog-7126131564610858851.post4414324325513468737..comments2023-09-09T10:21:32.853-04:00Comments on The Hackensack: Dramatis PersonaeDaveinHackensackhttp://www.blogger.com/profile/01313169814904229272noreply@blogger.comBlogger51125tag:blogger.com,1999:blog-7126131564610858851.post-58103538718802898462009-02-08T00:59:00.000-05:002009-02-08T00:59:00.000-05:00Two more comments for Dave:1. I don't remember the...Two more comments for Dave:<BR/><BR/>1. I don't remember the EPM exchange but I apologize if I came across as defensive or was actually so. <BR/><BR/>2. With regards to <A HREF="http://systemicallyimportant.blogspot.com" REL="nofollow">Systemically Important</A> my point was that it is harder to come up with for instance two good analogies that are either humorous or insightful on a particular topic than to state one's opinion about a Company or ask a question on it.<BR/><BR/>In any case, though I would love to have a lot of relevant comments, I enjoyed writing those posts enough that I feel "paid" already. <BR/><BR/>Comments, if they come, will show up as a percentage of traffic. And if <A HREF="http://fivegurus.blogspot.com" REL="nofollow">The Guru Five</A> keeps the percentage and quality of comments to traffic steady, I'll be very happy.Danielhttps://www.blogger.com/profile/02901678973251321027noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-78113788179336262232009-02-08T00:45:00.000-05:002009-02-08T00:45:00.000-05:00Actually, SRZ was written-up on VIC also Dave. But...Actually, SRZ was written-up on VIC also Dave. But I was familiar with it anyway--thanks to involvement in both FNX and Dynatec.<BR/><BR/>Most of my ideas do and have come from the value investing community though--and if it's in value investors letters, at conferences or in their portfolios, it'll be on VIC. <BR/><BR/>I honestly don't know of a better free resource online than that site--though most of the same content is available in greater detail with a subscription to Value Investor Insight.<BR/><BR/>Anybody who has read anything I've written on PotashCorp or Strategic Resources or Hemisphere GPS though knows that I knew those companies myself--and wasn't parroting the conclusions of someone else. Thanks for pointing that out.<BR/><BR/>That said, responding to a different topic, for the passersby: I definitely made mistakes in 2008 with regards to investments. And, especially from last summer, I've lost a lot of money.<BR/><BR/>There's a good way to respond to losing a lot of money and a bad way. <BR/><BR/>I have chosen to write out for myself my errors, so that I'm less likely to repeat them; to continue learning by watching what truly <A HREF="http://fivegurus.blogspot.com" REL="nofollow">great investors</A> are thinking and doing; and to focus on learning more about each company I invest in (from a more experienced point of view).Danielhttps://www.blogger.com/profile/02901678973251321027noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-76001970088125506732009-02-07T20:31:00.000-05:002009-02-07T20:31:00.000-05:00"Almost all of Daniel Wahl's picks had something i...<I>"Almost all of Daniel Wahl's picks had something in common: they were all VIC write-ups."</I><BR/><BR/>I don't think this was the case. Allen Vanguard, and Strategic Resources, for example, weren't VIC picks, as far as I can tell.<BR/><BR/><I>"It's because he doesn't think for himself."</I><BR/><BR/>That's not fair or accurate.DaveinHackensackhttps://www.blogger.com/profile/01313169814904229272noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-59975593462946460762009-02-07T20:24:00.000-05:002009-02-07T20:24:00.000-05:00Daniel,"That said, if you want to do a comparison ...Daniel,<BR/><BR/><I>"That said, if you want to do a comparison between blogs where comments are moderated and one where they're not, it's only fair to compare two blogs that have actually been online around the same amount of time. Right?"</I><BR/><BR/>Right, that's a good point.<BR/><BR/><I>"Compare the comments you get now with those I got on my old blog and you'll see one difference--the absence of (a ton of) mean-spirited nonsense (which actually discourages valuable commentators)."</I><BR/><BR/>Speaking only for myself, your defensiveness on that blog toward the end discouraged me from commenting to some extent. After your response to a relatively innocuous question I asked about EPM, I felt a little like I was walking on egg shells, and refrained from making some other comments. <BR/><BR/><I>"...Systemically Important in particular, require more work than just an off-the-cuff opinion."</I><BR/><BR/>Are you referring to the posts on that blog, or the comments?<BR/><BR/><I>"But I'd rather have no comments for the lives of those blogs than 40 like the ones in this thread."</I><BR/><BR/>I'm not thrilled with the bulk of these comments, but you know my position on moderation.<BR/><BR/><I>"Just saw that you asked me to correct you here. So here it is:"</I><BR/><BR/>Thank you for that correction.DaveinHackensackhttps://www.blogger.com/profile/01313169814904229272noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-59414302040961760312009-02-07T19:33:00.000-05:002009-02-07T19:33:00.000-05:00It's because he doesn't think for himself.It's because he doesn't think for himself.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-7694850415394598562009-02-07T12:10:00.000-05:002009-02-07T12:10:00.000-05:00Almost all of Daniel Wahl's picks had something in...Almost all of Daniel Wahl's picks had something in common: they were all VIC write-ups.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-60844916954812980352009-02-07T12:06:00.000-05:002009-02-07T12:06:00.000-05:00Daniel the "Young Stud" and Paul Price the "Old Fa...Daniel the "Young Stud" and Paul Price the "Old Fart"<BR/><BR/>Can we lay this off for a while for the sake of the rest of usAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-46239393454235824742009-02-07T05:30:00.000-05:002009-02-07T05:30:00.000-05:00Daniel,Face facts. You mazdce YOURSELF look bad by...Daniel,<BR/><BR/>Face facts. You mazdce YOURSELF look bad by picking micro-cap, money losing stocks like SRZ and stubbornly insisting they would turn out well even as their fundamentals obviously deteriorated.<BR/><BR/>Allen Vanguard, SRZ, PNWIF, EMF, HEM and even POT (which did really well before a stunning 70% collaspe) performed horribly even comparted to a terrible market.<BR/><BR/>Your highly-concentrated portfolio bias means each of those failures had to take a major toll on the net worth of anybody that listened to your advice. <BR/><BR/>You had the gall to defend your selection of SRZ ["the process was correct"] even after it stopped operations and its shares were delisted. <BR/><BR/>You now refuse to give any advice that can be measured by not speaking out about any individual stocks. <BR/><BR/>That's good news for all who read your blogs. They won't lose any more money following your picks.<BR/><BR/>Most of your selections had little to no information available from any of the major sources such as S&P, Value Line, Morningstar etc. You seemed to go out of your way to find obscure companies where the only sources for data were the companies themselves or from PAID shills. <BR/><BR/>Stick to harmless commentary about Hollywood where you can do no further harm.<BR/><BR/>Your friend,<BR/><BR/>Paul<BR/><BR/>P.S. You're still invited over for Easter dinner. RSVP please.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-52777443380165805222009-02-07T04:05:00.000-05:002009-02-07T04:05:00.000-05:00Just saw that you asked me to correct you here. So...Just saw that you asked me to correct you here. So here it is:<BR/><BR/>I responded to Price's view of risk as you stated--by pointing out that "downside" does not equate with "previous lows" for a stock, and so on.<BR/><BR/>I did that mostly on his restaurant stock picks and on SLM.<BR/><BR/>Price responded from the start by attacking me--not my understanding of risk. That is when the dispute between us "got personal"--and the animosity then, as now, was pretty much one way. <BR/><BR/>I responded after many, many ad hominem attacks (which began in full force after I pointed out that Price deleted his post on SLM)with I think two posts on the nature of Price as a person. <BR/><BR/>But then I left GF for good, rather than waste more time on nonsense conversations--in an atmosphere much like the one in this thread.<BR/><BR/>After I left GF, Price started to make a ton of posts (thinking I wasn't going to bother defending myself and knowing that GF wasn't going to moderate him--which they hadn't done yet).<BR/><BR/>And long after Price was obsessed with trying to make me look bad (along with everyone else) in order to make himself look good, my own portfolio started to do badly.<BR/><BR/>But I had already stated my opinion on him long before that--and moved on.Danielhttps://www.blogger.com/profile/02901678973251321027noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-45780329658069519032009-02-06T15:27:00.000-05:002009-02-06T15:27:00.000-05:00Stockdoc, why are you still here?Do you ever check...Stockdoc, why are you still here?<BR/><BR/>Do you ever check on Christine?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-25827971009879245192009-02-06T15:15:00.000-05:002009-02-06T15:15:00.000-05:00He can't. That's his nature.He can't. <BR/><BR/>That's his nature.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-17331010951761895002009-02-06T14:49:00.000-05:002009-02-06T14:49:00.000-05:00Oh stop being a big baby.Oh stop being a big baby.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-50111832013449552112009-02-06T14:02:00.000-05:002009-02-06T14:02:00.000-05:00Dave:I don't take that as an attack--what I said t...Dave:<BR/><BR/>I don't take that as an attack--what I said to you definitely applies to me as well.<BR/><BR/>That said, if you want to do a comparison between blogs where comments are moderated and one where they're not, it's only fair to compare two blogs that have actually been online around the same amount of time. Right?<BR/><BR/>Compare the comments you get now with those I got on my old blog and you'll see one difference--the absence of (a ton of) mean-spirited nonsense (which actually discourages valuable commentators).<BR/><BR/>You're right the new blogs have only a few comments. Part of that is that they're new, don't have a large following, and with Systemically Important in particular, require more work than just an off-the-cuff opinion.<BR/><BR/>But I'd rather have no comments for the lives of those blogs than 40 like the ones in this thread.Danielhttps://www.blogger.com/profile/02901678973251321027noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-40048663829711059472009-02-06T12:22:00.000-05:002009-02-06T12:22:00.000-05:00You are still there typing Dr Price?May be you sho...You are still there typing Dr Price?<BR/><BR/>May be you should go back and check what Christine is doing right now!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-32311178258775357722009-02-06T12:19:00.000-05:002009-02-06T12:19:00.000-05:00Actually, I think Daniel may be onto something wit...Actually, I think Daniel may be onto something with his idea of a narrow focus on five gurus. One of the frequent criticisms of GuruFocus is that it includes a lot of gurus it perhaps shouldn't (e.g., Mohnish Pabrai, Bill Miller).DaveinHackensackhttps://www.blogger.com/profile/01313169814904229272noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-39120544958942557872009-02-06T12:17:00.000-05:002009-02-06T12:17:00.000-05:00Well said, Dave.The Guru Five has as much relevanc...Well said, Dave.<BR/><BR/>The Guru Five has as much relevance as the Dave Clark Five and Sytemically Improtant could better be named Systemically UN-important.<BR/><BR/>That's why no one bothers to comment.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-39174637665650257612009-02-06T11:26:00.000-05:002009-02-06T11:26:00.000-05:00Daniel,"nor is Dave's assessment of when Price beg...Daniel,<BR/><BR/><I>"nor is Dave's assessment of when Price began personally attacking me correct."</I><BR/><BR/>Then feel free to correct me here.<BR/><BR/><I>"Dave: please ask yourself who and what kind of behaviour you encourage by your stance. Ask yourself what kind of feedback you would like to get, and what kind of people you'd like to attract to your site. Then look at what you have now."</I><BR/><BR/>I hope you won't take this as an "attack", because it isn't intended as one, but perhaps you ought to ask yourself a similar question. I'm aware of the pros and cons of my liberal approach to allowing comments. The pros are that I get a handful of good comments, including ones that are justifiably critical or questioning of me. The cons are that I get a larger number of puerile comments. That's the price I pay for the handful of good comments I get. <BR/><BR/>By contrast, month-to-date, the only comments on your <A HREF="http://fivegurus.blogspot.com/" REL="nofollow">The Guru Five</A> blog are from me and you, and there are no comments on your <A HREF="http://systemicallyimportant.blogspot.com/" REL="nofollow">Systemically Important</A> blog. If you'd rather err on the side of censoring your comment threads, even if it discourages participation, that's your choice, and I respect it. I've made a different one.DaveinHackensackhttps://www.blogger.com/profile/01313169814904229272noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-54361566540708571962009-02-06T08:29:00.000-05:002009-02-06T08:29:00.000-05:00Yeah yeah yeahYou guys disclaimer yourselves all y...Yeah yeah yeah<BR/><BR/>You guys disclaimer yourselves all you want. It's so transparent though.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-4184482962545134762009-02-06T07:23:00.000-05:002009-02-06T07:23:00.000-05:00Just for the record...I did not write any of the p...Just for the record...<BR/><BR/>I did not write any of the postngs listed here under my name either.<BR/><BR/>While some of these are funny, you all should know that I am not thew author of the commments attributed to me.<BR/><BR/>Even my wife's name was incorrect.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-88085978976620654792009-02-06T06:55:00.000-05:002009-02-06T06:55:00.000-05:00Just for the record: I did not write any of the po...Just for the record: I did not write any of the posts above--nor is Dave's assessment of when Price began personally attacking me correct. <BR/><BR/>That said, I have so little respect for Price that it's a waste of my time to think about him. Thus, neither animosity nor anger can describe my feelings towards him. He is a non-entity.<BR/><BR/>I quit visiting this site a while ago, and came back recently--only to see this. Price's words speak for themselves, but it also reflects poorly in my judgement on the site itself (for allowing such slander to be printed).<BR/><BR/>Dave: please ask yourself who and what kind of behaviour you encourage by your stance. Ask yourself what kind of feedback you would like to get, and what kind of people you'd like to attract to your site. Then look at what you have now.Danielhttps://www.blogger.com/profile/02901678973251321027noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-59194754927650733522009-02-05T21:28:00.000-05:002009-02-05T21:28:00.000-05:00whoa..hackensack's blog is turning it on, may be y...whoa..hackensack's blog is turning it on, may be you need to censor this thread later !<BR/><BR/>Price asked for it though, getting a taste of his own medicine back :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-87931050593917280462009-02-05T21:07:00.000-05:002009-02-05T21:07:00.000-05:00Hello everyone!I'm a desperate housewife with a bo...Hello everyone!<BR/><BR/>I'm a desperate housewife with a boring husband who spends all his time on the internet and not paying me any attention. I'm looking for a young, rich stud like Daniel Wahl to show me a good time. I used to have to go my son's frat parties at Penn State for a night on the town, but I got too drunk at a few of those and had some experiences that those dumb jocks are not letting my son live down! So he doesn't let me come up there any more.<BR/><BR/>Well, Daniel, or any other young stud, you can find me on twin turns lane if you ever want some fine wine...you know the rest. ;)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-11473604251921358712009-02-05T19:33:00.000-05:002009-02-05T19:33:00.000-05:00There's nothing wrong with being old, it happens t...There's nothing wrong with being old, it happens to the best of us. It does explain why the Doc leaves comments at dawn on weekends. The prostate gets him up. <BR/><BR/>Who has the skinny on this conference call business? Why would the Doc even have a conference call when he doesn't run a fund? Was he charging for this? Inquiring minds want to know.<BR/><BR/>For those not old enough to get the Doc's Gary Glitter reference, <A HREF="http://en.wikipedia.org/wiki/Gary_Glitter" REL="nofollow">here is the wikipedia page on him</A>. Looks to be some old pop star who was arrested for molesting little girls in Vietnam.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-31179797016923887792009-02-05T19:16:00.000-05:002009-02-05T19:16:00.000-05:00Price looks real old, i mean like REAL old. How ol...Price looks real old, i mean like REAL old. How old is he? 75?<BR/>Looks like his bio is fake too...<BR/><BR/>Either ways, I will be nice to him going forward. He reminds me of my late great grandfather.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-3986944371434894152009-02-05T18:25:00.000-05:002009-02-05T18:25:00.000-05:00That's it everyone, let it all out. Next time anyo...That's it everyone, let it all out. Next time anyone starts sniping in a comment thread, I'm just going to refer you to this comment thread. Let's see if we can contain the nonsense to this thread and have more profitable discussions in every other thread.DaveinHackensackhttps://www.blogger.com/profile/01313169814904229272noreply@blogger.com