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...


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The content contained in this blog represents the opinions of Mr. Hempton. Mr. Hempton may hold either long or short positions in securities of various companies discussed in the blog based upon Mr. Hempton's recommendations. The commentary in this blog in no way constitutes a solicitation of business or investment advice. In fact, it should not be relied upon in making investment decisions, ever. It is intended solely for the entertainment of the reader, and the author.  In particular this blog is not directed for investment purposes at US Persons.