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<blockquote data-quote="CattleMan1920" data-source="post: 1558540" data-attributes="member: 37967"><p>I just read this link above. Here are my thoughts. Even Warren Buffett has been extremely wrong at times. He completely missed Microsoft, and went with some real stinkers instead. He is still an incredible investor, but time and patience has helped him more than prescient stock picking. </p><p></p><p>Considering that, a fund manager, or pension fund manager that functioned in the 60's and 70's would have a VERY HARD time dealing with the quants and the black box, high-frequency trading to 2019. In addition, they would be stuck playing the Dogs of the Dow strategy, while Apple, Google, and Amazon, as well as Microsoft completely ATE THEIR LUNCH. Nobody would touch Apple in 1998, it was a complete loser, everyone wanted Yahoo, how did that turn out for ya over the long haul? What I'm trying to say is this, YES chasing fads will oftentimes turn out to be disastrous, but not chasing them can equally be perilous for your future. You have to take risks. nothing ventured, nothing gain. Fortune favors the bold, and as Bud Foxx said in the movie Wall Street "there is no nobility in poverty".</p><p></p><p>How does this relate to the cattle business? Well, I think that when you see a program such as SAV which is having a sale this Saturday, and you look at their success, you have to scratch your head and wonder "Should I be part of this train that is leaving the station" or "should I completely miss the train and WALK"</p><p></p><p>Nobody knows if SAV President or SAV America 8018 will be the next GREAT Angus bulls, but I can tell you this, reflecting back on the wisdom of ONE MAN and relying wholly on that wisdom is not going to do you any favors in my opinion. Man is fallible, he makes mistakes, another reason I want to use more Bubs Southern Charm, because I think Holly knows her business and knows it well. I digress, but when I say we are all fallible, we definitely can make mistakes, and if you are reading this and think you are free of mistakes, then just wait for your Joe Btfsplk moment, because it's on the way for you and those that follow you blindly.</p><p></p><p>Question everything my friends, and experiment. Most great things in this world came about from those that experimented and took the road less traveled.</p></blockquote><p></p>
[QUOTE="CattleMan1920, post: 1558540, member: 37967"] I just read this link above. Here are my thoughts. Even Warren Buffett has been extremely wrong at times. He completely missed Microsoft, and went with some real stinkers instead. He is still an incredible investor, but time and patience has helped him more than prescient stock picking. Considering that, a fund manager, or pension fund manager that functioned in the 60's and 70's would have a VERY HARD time dealing with the quants and the black box, high-frequency trading to 2019. In addition, they would be stuck playing the Dogs of the Dow strategy, while Apple, Google, and Amazon, as well as Microsoft completely ATE THEIR LUNCH. Nobody would touch Apple in 1998, it was a complete loser, everyone wanted Yahoo, how did that turn out for ya over the long haul? What I'm trying to say is this, YES chasing fads will oftentimes turn out to be disastrous, but not chasing them can equally be perilous for your future. You have to take risks. nothing ventured, nothing gain. Fortune favors the bold, and as Bud Foxx said in the movie Wall Street "there is no nobility in poverty". How does this relate to the cattle business? Well, I think that when you see a program such as SAV which is having a sale this Saturday, and you look at their success, you have to scratch your head and wonder "Should I be part of this train that is leaving the station" or "should I completely miss the train and WALK" Nobody knows if SAV President or SAV America 8018 will be the next GREAT Angus bulls, but I can tell you this, reflecting back on the wisdom of ONE MAN and relying wholly on that wisdom is not going to do you any favors in my opinion. Man is fallible, he makes mistakes, another reason I want to use more Bubs Southern Charm, because I think Holly knows her business and knows it well. I digress, but when I say we are all fallible, we definitely can make mistakes, and if you are reading this and think you are free of mistakes, then just wait for your Joe Btfsplk moment, because it's on the way for you and those that follow you blindly. Question everything my friends, and experiment. Most great things in this world came about from those that experimented and took the road less traveled. [/QUOTE]
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