Checkers vs. Chess

Would you take investment recommendations from this man?

How about one of his speech writers?

In the 1960s Mr. Gilder also served as a speech writer for several prominent officials and candidates, including Nelson Rockefeller, George Romney, and Richard Nixon. Discovery Institute

George Gilder is no dummy :

“In a world of dumb terminals and telephones, networks had to be smart. But in a world of smart terminals, networks have to be dumb.” George Gilder Forbes ASAP, December 7, 1992

He also has friends in high places:

“George Gilder is very stimulating even when I disagree with him, and most of the time I agree with him” -Bill Gates

But that did not prevent scores of investors getting buried by his prognostications when the bubble burst:

“The trouble with my business is that everyone came in at the peak,” Mr. Gilder said in a recent interview. “The typical Gilder subscriber lost all his money and that made it very hard for me to market the newsletter.” WSJ-sub req’d

George Gilder has apparently integrated valuation into his investing toolkit.

Probably too little, too late for some of his acolytes.

George is speaking January 4th in NYC. If you want to see him and are smart you can figure out where. We thought he was long gone...but he is back.  It should be interesting to say the least. What doesn’t kill you makes you stronger.

Running money is a game.

How many moves ahead are you thinking?

“One thing I probably should tell you, because if I don’t, they’ll probably be saying this about me, too. We did get something - a gift - after the election. A man down in Texas heard Pat (Nixon’s wife) on the radio mention the fact that our two daughters would like to have a dog. And believe it or not, the day before we left on this campaign trip, we got a message from Union Station saying they had a package for us. We went down to get it. You know what it was? It was a little cocker spaniel dog in a crate that he had sent all the way from Texas. It was black and white and spotted, and our little girl (Tricia, the six-year-old) named it Checkers, and you know, the kids love the dog, and I just want to say this right now, that regardless of what they say about it, we’re going to keep it.” Richard Nixon

Checkers gravesite, Wantagh, NY

The content contained in this blog represents the opinions of underthecounter. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely for the entertainment of the reader, and the author.

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