I concur.
Whether or not you like the thoughts that Jurek shares, the fact is that one must weigh the positives with the negatives when investing.
If one doesn't at least consider Jurek's opinions, and consider potential ramifications if his points are correct, then you are doing yourself a disservice.
I value my money. I like to weigh both sides of the argument.
Incidentally, in terms of the earlier thread about being honest about your investments, my story is pretty clear:
- Started following UTS in 2003 upon recommendation from my father, then eventually had my eye caught by CLL. First invested in CLL in about 2005 (?) when it was still under $1.75. My original thought was that UTS was the stronger company, but I felt that CLL had a better short-term (couple years) timeline, and that by purchasing CLL at the time, I could take advantage of it gaining compared to UTS, and then switch to UTS when the time was right.
- That crossover point happened about three times maybe that I can remember, albeit briefly each time. But by the first time that it had happened, I figured CLL had a much better potential, and was no longer interested in UTS.
- Got margined out slightly back in the fall, which sucked, but that's what happens when you play the odds. In retrospect, getting margined out above $2.50 was the best thing that could have happened.
- Still have 20,000, and hope to accumulate more over the next two years. However, since the fall, I have been concentrating on spending every spare penny in retiring various debts, because I think that society is going to heck.
- Not interested in trading in or out. I'm thinking long term. I'm not confident that CLL will survive the next two years, but if it does, I think the payback could be significant. I'm young enough that if it doesn't work out, I'm not going to cry.