John Dvorak Is A Big Fat Idiot, Jay Adelson Is A Skinny One
Posted by Timothy Sykes on Tue 30th of Dec, 2008 08:00:04 AM
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When I read Dvorak’s article about AMD being a 10-bagger, or his stock pick likeliest to decuple, or rise by 1,000%, in 2009, I almost spit out my food.
I didn’t because that bite of premium sushi was delicious, but it is laughable for this fattie to be giving investment advice–he’s a tech geek…and we know from Digg’s PATHETIC business that geeks know little to nothing about business, all they know is technology.
(Which brings me to the point of calling Jay Adelson a skinny-geek idiot, the CEO of Digg was named one of Time’s 100 most influential people in 2008, but aside from the geeked out Digg hype, this guy has done little but create a miserable business that is failing more and more each day….there’s no other word to describe someone who can’t monetize 26 million users, he’s a blatant idiot)
Sure, sure Dvorak writes a lot and does a lot of podcasts, but what’s his investment track record? Of course the guy doesn’t show it off, nor should he, I say with 99.9% certainty, it ain’t pretty.
Writers, talkers, gurus, they uniformly suck because if they were really experts, they’d profit themselves and be running some hedge fund or mutual fund (my excuse is that PennyStocking ain’t scalable, it’s actually infinitely more profitable to teach others to make a few grand here and there)
AMD is a natural pick for such a techie/clever “guru” because he know the products and sure, there’s a decent chance of it going higher from here, probly about 50/50 odds…
When this idiot’s article came out, AMD jumped 10%…great fun to short into because this is called undeserved hype…I won’t even bother quoting form the article because his reasoning, like 99.9% of the chatter on the internet is irrelevant due to its simplicity, the widespread availability of the information he uses and his refusal to understand debt/incorporate business lag times.
In short, Dvorak is the typical analyst, a profession that is right less than 1/3 of the time and whose words should hold no meaning to you except to put the stocks they cover in your watchlist in order to potentially bet against them once the dumb money has followed them in (dumb money is dumb for a reason and very rarely do dumb people hold onto it very long so the odds of betting against dumb money that follow idiots like Dvorak are very good!)
Understand my arguments? Let’s hear what you dummies think, I’d like to hear more opinions–and more stocks–to bet against!
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