If you look at the MF services and their boards you will see constant posting by mainly new members when the service they are paying for recommends a stock and that stock doesn’t work out. Moaning and groaning posts about how the service sucks and they should have never joined.
You never see that on Sauls board. No one posting and blaming anyone for a bad stock pick. If there were people blindly following every Saul call, any call that turned out to be wrong, he’d be hearing the heckling from those type herd investors.
It seems to me that people over there have their big boy and girl pants on and own their own investing decisions. This just recently came up on Sauls board about “herd mentality”. Sure there will always be some that follow what Saul or a few very influential people say and do, but so what. Was the FSLY call by Saul a bad one? Again, I never see any posts from someone complaining that they followed Saul and sold a stock that in time ended up going way up and that they shouldn’t have listened to him.
I sold 1/3 of FSLY just below the high, posted it here on this board, because of valuation and it wasn’t a high conviction stock for me. I sold the remaining at 94 after the guidance was lowered. Why? Well Sauls comment got me thinking, along with comments from Beth Kindig, who I very much rely on for her insight. It’s what a pay for. Isn’t that the point of hanging out in a place like this, to learn, to share, to make investment decisions?
I attempted to bottom fish at 75 cost average but jumped out completely at the open this morning. Why? I think the company has issues to resolve, the CDN space is a commodity business and they aren’t alone in chasing edge technology. No one told me to try to trade the stock, I did that on my own.
Note. I am guilty of relying on Beth Kindig in a big way, that’s why she gets paid. If she continues to make me the profits going forward that she’s made me in the last year then call me a cow, a lamb, a sheep, or whatever you want to call me. I’ll be part of that herd 7 days a week for the next 10 years because I know she knows a lot more then me about technology. Restaurants? No, that’s where she would have to pay me for my knowledge, and she would be smart to do because my restaurants are in the top 1% in the country in net profitability percentage. This is why I know how important it is to find the best that you can in anything you do.
Sauls board has some good information on it, so I skim through it almost daily. Not sure why there’s such controversy on his board right now because Saul made a very good call on FSLY.