Mario Goveia wrote:
>
> Folks, as a general rule, I never have a problem with a recommendation
> if the person is following his or her own recommendations. That's the
> only true test of whether someone is serious about their
> recommendations. If they are not, then they're simply bloviating and
> their recommendations are meaningless.
>
Date: Fri, 26 Sep 2008 20:30:18 -0700 (PDT)
From: Mervyn Lobo <[EMAIL PROTECTED]>
>
Folks,
I can assure everyone here that Mario's house was down wind from the Toledo Zoo
today as this post of his reflects the stink. For the third time Mario, take a
look at the title of the post and try and contribute to a debate rather than
take away from it.
>
Mario responds:
>
Anyone who has followed this thread and other Off-topic threads initiated by
Mervyn would know that they need to hang on to their wallets when he assures
them of anything, recently assuring them that the price of gold would hit
$1,650, but who really knows when:-))
>
He also assured everyone that the US is like the USSR and the Weimar Republic.
This is akin to saying that countries Mervyn admires, like China, Zimbabwe,
Cuba and N. Korea are all democracies because they hold elections:-)) Tsk,
tsk, tsk.
>
My comment shown above meant that a person's financial advice is simply bogus
unless he shows he is serious by following his own advice. We see that Mervyn
has ducked the question entirely, referring instead to some Zoo whose stink he
seems very familiar with:-)) There is no Zoo in the city where I live, but
there is one in the city where Mervyn lives:-)).
>
Mervyn wrote:
>
Every time I point this out, people search the Goanet archives for my
recommendations and then tell me, "we should have? listened to you much earlier
on."
>
Mario asks:
>
We have no way of knowing what anyone tells Mervyn. But we do know from Goanet
that some Goanetters bought gold at $1,000 per ounce on Mervyn's
recommendation. I wonder if others are now saying "we should have listened to
you ...." now that gold is at $870 per ounce:-))
>
When I brought this to his attention Mervyn's response was that anyone who
follows his advice on the internet needed to have their heads examined, or
deserved their fate or some such cynical comment. I don't know how he
reconciles that with what he is writing in this post. If you ask me, he often
does not remember what he has written previously.
>
Mervyn's claim to fame is that he bought a boatload of gold at its low point of
$280 per ounce. When Roland asked how he figured out that $280 per ounce would
be the low point, we got three separate answers in serial order, which can all
be found in the Goanet archives, which I am paraphrasing below:
>
a) Easy, Mervyn said. Anyone could do it by looking at historical 15 and 20
year price charts. This was said in 2008. The problem became how looking at
price charts in 2008 would lead to a decision to buy gold at $280 per
ounce between 1996 to 2001, before which the price had declined steadily for
several years. He was asked to try again.
>
b) Easy, Mervyn said, unfazed that his earlier explanation made no sense. His
second explanation was that he bought gold when he heard that the central
bankers, who are all idiots according to Mervyn, were selling gold. Somehow
that signaled to him that he should be buying gold. The problem became that if
central bankers started selling gold when it was $280 per ounce, it would have
declined further. In fact the price of gold held steady from 1996 to 2001 at
around $280 per ounce and then increased steadily as the US devalued its
currency. This was brought to his notice and he was asked to try once more.
>
c) Easy, Mervyn said, still unfazed by his previous two explanations that made
no sense. His third explanation was that he knew all this because he worked
harder than anyone else. Ask anyone in Kenya, he said, where he was famous for
catching more lobsters than anyone else by working hard.
>
My paraphrased response to all this was "If you are making lots of money by
buying gold, good for you. I don't care if you used all these methods or not,
or threw darts at a dartboard, as long as you are following your own advice
while recommending it to others in gratuitous Off-topic posts now being blamed
on Bosco. If you are, I have no problem; if not, your self-proclaimed
perspicacity is little more than hot air."
>
Mervyn wrote:
>
The one thing my friends and the strangers have in common is that, with
experience, they now know when they see something worth reading.
>
Mario responds:
>
My personal emails confirm that many on Goanet are chuckling at Mervyn's
attempts at being Goanet's financial adviser.
>
With all the different things he has written and his distorted and selective
comments about the US economy and how the US is organized, how is anyone to
know which version to believe or even what to believe? I have had to correct
Mervyn's understanding of the US time and time again, especially how the US
system works and the responsibilities of the US presidency, Congress and
Supreme Court respectively.
>
Mervyn writes:
>
Once again Mario, take a look at the heading before answering this post.
>
Mario responds:
>
As if this is my first response in this thread.
>
Once again, I am not at all interested in Mervyn's opinions, only in his facts,
which are often hopelessly distorted beyond any recognition, context or
perspective, as anyone who has followed this thread would know.
>
Mervyn writes:
>
The Kenyans here will tell you that the Luo's have very strong magic. B.
Hussein Obama is smart enough to find the medicine that the US needs. The
problem is, if he is given a chance, it will still take another six months
after he is elected for the medication to take effect. In the mean time, expect
(Mc)Pain.
>
Mario responds:
>
The question I have is, Did they catch more lobsters than Mervyn, an erstwhile
Kenyan?:-))
>
Oh, by the way, Goanetters should re-read this last comment above from Mervyn
and compare it with this one from a few days ago when he was listing another
series of "Facts according to Mervyn", "5) Both US presidential
candidates promise more of the McPain."
>
http://lists.goanet.org/pipermail/goanet-goanet.org/2008-September/081096.html
>
I guess B. Hussein Obama must not be as smart as Mervyn now says he is, or he
has received an advisory email from Mervyn, his Kenyan brother:-))
>
Then Mervyn wonders why Goanetters find his comments about the US so comical.
>
BTW, I wonder if Mervyn knows that B. Hussein Obama's Kenyan Grandmother and
his Kenyan half-brother both live in ramshackle huts in Kenya, without any help
from their millionaire American relative, who wants to bring socialism to
America at the expense of its economy and its taxpayers.
>
In the meantime, Mr. Obama has refused my urgent requests to send me some some
contact information so that I can send his impoverished relatives the few bucks
that he hasn't found it in his heart to send them that would improve their
lives considerably. But, while his own family struggles, he is going to
socialize America. Ooops! I forgot, that is with someone else's money:-))
>
