Sunday, October 20, 2013

I am so glad these people exist...

I am sitting on the train from Washington to New York near a prosperous attorney. He has been to the land of lawyers (DC).

On the return trip he looks at prices for a bunch of high beta stocks starting with Bidu. When he finds out I am a stockpicker by career he asks me what I like. I give him a boring looking name (a super conservative blue chip) and he asks me how much it is up year to date. I don't know.

It turns out he picks everything off the charts and he is puzzled that I don't. Indeed he knows no other way of doing it.

He has only been at it a few years and his results are great. He doesn't think Bidu is high risk.

The guy is highly paid so the numbers are not small...

J

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