Comments on: Book Review: The Ten Roads to Riches http://alephblog.com/2009/12/05/book-review-the-ten-roads-to-riches/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Sun, 12 Feb 2012 22:02:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Peter Irvinehttp://alephblog.com/2009/12/05/book-review-the-ten-roads-to-riches/comment-page-1/#comment-23849 Peter Irvine Wed, 09 Dec 2009 04:46:58 +0000 http://alephblog.com/?p=2185#comment-23849 Just a comment for James Dailey with the best intentions. It’s not a good idea to “worship” at the idol of anyone because it makes it tough to rationally assess and see flaws that are there. Rogers hasn’t been right all the time in his history and he’s famously bearish on the US. And he’s been bearish on emerging markets overall this year, and they’ve been the best place to be invested this year so far. Also, in 2007, stocks did fine overall and Fisher did better as far as I can see. So it was right for Fisher to be bullish that year. He was bullish through 2008, but he’s been bullish all this year which was definitely spot on. And, apparently, even if you include the 2008 bear market, he’s got the S&P beat by a big spread—if you believe Steve Forbes—by over 5% on average each year since 1997. So, that’s just the other side of the story, which is only fair. “Love” makes us not see the faults in the object of our affection. Just a comment for James Dailey with the best intentions. It’s not a good idea to “worship” at the idol of anyone because it makes it tough to rationally assess and see flaws that are there. Rogers hasn’t been right all the time in his history and he’s famously bearish on the US. And he’s been bearish on emerging markets overall this year, and they’ve been the best place to be invested this year so far. Also, in 2007, stocks did fine overall and Fisher did better as far as I can see. So it was right for Fisher to be bullish that year. He was bullish through 2008, but he’s been bullish all this year which was definitely spot on. And, apparently, even if you include the 2008 bear market, he’s got the S&P beat by a big spread—if you believe Steve Forbes—by over 5% on average each year since 1997. So, that’s just the other side of the story, which is only fair. “Love” makes us not see the faults in the object of our affection.

]]> By: David Merkelhttp://alephblog.com/2009/12/05/book-review-the-ten-roads-to-riches/comment-page-1/#comment-23847 David Merkel Tue, 08 Dec 2009 08:48:06 +0000 http://alephblog.com/?p=2185#comment-23847 Jay, you will get it, just wait a bit. Jay, you will get it, just wait a bit.

]]> By: Jay Weinsteinhttp://alephblog.com/2009/12/05/book-review-the-ten-roads-to-riches/comment-page-1/#comment-23844 Jay Weinstein Mon, 07 Dec 2009 18:18:19 +0000 http://alephblog.com/?p=2185#comment-23844 I am with you James, David, what is the answer to my question if it isn't confidential? I am with you James, David, what is the answer to my question if it isn’t confidential?

]]> By: James Daileyhttp://alephblog.com/2009/12/05/book-review-the-ten-roads-to-riches/comment-page-1/#comment-23843 James Dailey Mon, 07 Dec 2009 17:46:03 +0000 http://alephblog.com/?p=2185#comment-23843 I vividly remember a debate on Bloomberg in late summer 2007 between Jim Rogers and Ken Fisher. I had never been a fan of Fisher's and "worship" at the Rogers idol, but that interview cemented my distaste for Mr. Fisher. He was arrogant and dismissed Rogers' arguments as if he were debating a 20 year old undergrad rather than one of the most successful investors of the past 50 years. Following the debate, Fisher's public mutual fund (PURIX) went on to lose over 50% of its value. The fund hasn't made its investors a dime in real terms in over 10 years now. I hope he has been humbled. I vividly remember a debate on Bloomberg in late summer 2007 between Jim Rogers and Ken Fisher. I had never been a fan of Fisher’s and “worship” at the Rogers idol, but that interview cemented my distaste for Mr. Fisher. He was arrogant and dismissed Rogers’ arguments as if he were debating a 20 year old undergrad rather than one of the most successful investors of the past 50 years. Following the debate, Fisher’s public mutual fund (PURIX) went on to lose over 50% of its value. The fund hasn’t made its investors a dime in real terms in over 10 years now. I hope he has been humbled.

]]> By: But What do I Know?http://alephblog.com/2009/12/05/book-review-the-ten-roads-to-riches/comment-page-1/#comment-23840 But What do I Know? Mon, 07 Dec 2009 15:35:41 +0000 http://alephblog.com/?p=2185#comment-23840 I see that Fisher's list reveals his blind spot--how about being born the child of wealthy parents. . . I see that Fisher’s list reveals his blind spot–how about being born the child of wealthy parents. . .

]]> By: Jay Weinsteinhttp://alephblog.com/2009/12/05/book-review-the-ten-roads-to-riches/comment-page-1/#comment-23824 Jay Weinstein Sun, 06 Dec 2009 11:08:36 +0000 http://alephblog.com/?p=2185#comment-23824 I am not a Ken Fisher fan, but I am a David merkel fan---so what was the advice he gave you in 2000? Hope you have a great holiday season I am not a Ken Fisher fan, but I am a David merkel fan—so what was the advice he gave you in 2000?

Hope you have a great holiday season

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