Changing lives

http://discussion.fool.com/something-has-to-be-said-32014196.asp…

This old post from December of 2015 rings as true today as it did when I originally posted it. Truth is truth.

Saul, you have changed the investing lives of so many of us. Improving the lives of others is your true and lasting legacy.

Thank you seems hardly adequate.

Yes, still learning after all these years,

Jim

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From the old, linked post:

It is a rare thing to see any successful investor be as vulnerable and transparent as to share exactly how and what his latest monthly investment decisions are. That takes a lot of moxie and courage that few in his class are willing to do.

You need a skin as thick as a tortoise shell!

https://www.petinfoclub.com/Images/Hermann%27s%20tortoise%20…

No newsletter I’ve ever subscribed to, including MF, has ever been so accountable. Ever.

Some 20 years ago I was subscribed to Louis Naveller’s MPT Review (back then it was affordable) and it laid out three portfolios updated monthly. Perfectly transparent and accountable. The difference with Saul is that Louis Navellier – a very likable fellow who I met in person – is a master of double-talk, after he gives you a perfectly lucid explanation of what he does you don’t have a clue. I read a book he authored to see if could find the secret. He lays it out perfectly but the one thing that accounts for the bulk of his decision making is listed but not explained so you are still clueless. :frowning:

I joined this board quite early in November 2014. Crusty old me was not a believer. Over three years later, having seen his results compared to market indexes, I had to acknowledge that Saul was doing something right. It’s not so much his stock picking, it’s his decision making process and agility, what John Boyd called the OODA loop:

The OODA loop is the decision cycle of observe, orient, decide, and act, developed by military strategist and United States Air Force Colonel John Boyd. Boyd applied the concept to the combat operations process, often at the operational level during military campaigns.

https://en.wikipedia.org/wiki/OODA_loop

In war it means the difference between life and death! For us it means the difference in retirement lifestyles. Never be ashamed to admit you were wrong, fix it instead! That’s the OODA loop.

A big thanks to Saul!

Denny Schlesinger

Back in February 2000

Right and Wrong

My conclusion was that decision making ability is the key. A manager who can make decisions quickly, not too worried about being wrong, but willing to admit his mistakes and to correct them, will be the more efficient manager. The manager who cannot make up his mind, afraid of being wrong or not quite right, will cause stagnation: nothing will get done, bad things will continue for ever and new and improved modes of operation will never be put in place.

https://softwaretimes.com/files/right%20and%20wrong.html

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