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As others have stated on here it's great to have you on here, Fela96. You are clearly very passionate, but let's all be kind and considerate to each other in our discussions and move on now 😅
And yes... I defo get your exploratory reason for the handled challenging...
Hard challenging like that works well in a boardroom with people who know your personality, but not with people who know nothing about your personality.
Weirdly I've talked about primacy versus recency on here before. The law of primacy states that the first impression of a person is always the strongest and creates largely fixed opinion of character. Recency states that it's possible to subsequently change that impression in some way by subsequent behaviour, but it's ten times tougher and requires quite a bit of opposite adaptation of character..
It's a basic but true concept and worth all of us thinking about as it's a great life behavioural tool.
Hardly investment theory, but I offer it all the same 😂.
As I said Fela96, it's just the way you challenge people. It's way off the ledge...
There is a lot of sarcasm, amused cynicism, petulance and insulting stuff whenever you challenge which is basically affrontory.
I agree it's just your way of challenging.
I personally feel out of my jurisdiction with my critique of you as I do think you are probably a decent person.
I did say that it's "almost" troll like, and that I didn't think you were aware of that, so no.. not exactly a troll... I just hoped you'd reflect on that?
Forget about discussion of the backproving of other opinion for now, as yes.. you can ask that.. but if you ask it in an inflammatory way your not going to produce the fruit of discussion..
As others have said here you clearly have some knowledge and passion, and that's all amazing stuff.
Might be better to challenge opinions with something like; " interesting idea and worth exploring, but I see a couple of problems with it from my own perspective".
That then makes the other person feel ok with it.
Saying it's basically rubbish and asking them to back prove it" does quite a few very negative things. It insults them, it makes them feel stupid, it make you look like a big head and that defo winds people up.
It's not a Victorian classroom and you're not the only teacher in it.
Apart from that, peace.
The stupid thing is you've never been like that with me at all, but that's only because I'm not massively theoretical 😂..
Allow free thought, be kind and read and amend your comments from the perspective that they are aimed in reverse at yourself before hitting the post button.
I'm genuinely trying to help...
Honest...
"In my opinion, making a claim and then refusing to give evidence for it when asked, should make anyone an absolute laughing stock."
Not nice F96.
Try tolerance, especially as DSM has actually given a very clear account of his/her thinking.
You may not know it yourself, but I'm afraid you are in every sense a bit of a an angry troll and so I for one am now disengaging.
Thanks Fela96.
We are clowns, but you are perfect.
Got it.
No one is questioning your right to challenge, just the way in which you invite negativity via your heavily clumsy and oft really insulting approach.
It's a lot like listening to a spoiled kid who can't get his own way constantly dodging the basic premise of objection in the replies you give.
Give insults get insults.
Give negativity receive negativity.
Insult people expect derision and insults.
Force your opinion that you are right and everyone else speaks rubbish and are clowns and receive exclusion.
It's basic stuff, Fela96..
So let me just say what a waste it is when someone actually has something to give but trashes it all down to such a terrible attitude.
You're not for the learning on the basics of human interaction, F96....
That much is crystal.
Agreed DSM...
It's destructive to either point of view when personal insults are introduced.
It also creates an atmosphere in which people become loath to comment in case they get labelled negatively in this way.
I can provide a mountain of evidence on this basic psychological premise too, which Fela96 seems to like.
S/he seems very much to want to engage in free and open discussion and so hopeful that this point will be taken on board.
If not natural exclusion will result (I can provide the evidence on that one also)..
It's also not a competition as to who is better, more clued up, right or wrong (we aren't in the playground).
Great thoughtful comments from all (really welcome stuff), and so kindness and open mindedness are the ways forward I believe :)
Exactly, Beachouse.
All tech Inc SMT (to the extent it truly reflects pure tech) has lost similarly over the past couple of days.
Im not arguing with others on here exactly what index SMT follows, but still point heads to the stellar and non volatile rise in the Nasdaq over the past six months.
Agreed only a part of the story, but given the technological frameworks withing most of SMTs investments, I believe it at least gives a clear positivity nod to where SMT is liable to sit once the black inflationary dog is back in his kennel.
Exactly Frogster. Well said.
But please keep posting Fela96.
It's all decent stuff and challenging other opinions and standpoints are all very useful and worthy of discussion.
As always I admit I am not the most strategic and knowledgeable investor on here, as I have never found such depths of strategy and theory necessary with my "buy well, buy once and hold with money I can afford to lose" approach.
It's done ok for me over the years and I'm even still comfortable I held onto SMT (given had my lifelong attitude have been "sell" whenever a cloud appears I would not have done so well).
I'm still open to comments from the clearly very passionate such as yourself :)...
Maybe just take a bloody big file to your comments and round the edges off somewhat before pressing the "post" button 😉😅
Interesting points.
There have always been quite a few comments here on SMT, even before the demise.... both before the stellar lift post COVID and (as you say) following the stellar loss Nov 21.
A lot contributing to the increased discourse is possibly down simply to the large numbers holding it.
As for the overt moodiness between some forum participants, I believe that those who have elevated it to that have simply received a reciprocal tone and attitude in return which in many ways is simply playing the game on the same board rules as themselves.
I have myself been somewhat guilty of asking those who invite this "attitude" to reflect on it when things have got a little heated (which I believe has actually had a positive effect to some degree).
Having said that, I have always been ambivalent and philosophical as concerns the performance (up or down) of SMT down to my approach of buying well and simply holding.
It's done reasonably for me over the last 25 years having invested money that I could survive without, despite the murky depths it now finds itself (as always I am sympathetic to those having bought in later)...
I am also in no personal doubt there is an upside yet to come, and so I'm personally quite happy with things and would always prefer things to be discussed in mutual respect and tolerance.
Psychology and sentiment going hand in hand is exactly what I have been saying all along, Dontshootme.
I've studied the former professionally and it's a biggie.
Media slant is a powerful tool as it's a big and obvious window on the world that we all have to look through.
In SMTs case, it's either justified negativity or not, and in the absence of anything coherent or concrete I tend to side with the latter.
Dontshootme, defo worth thinking about, that one..
I seem him as more of talisman really.
As LLL says, I too believe Anderson simply rode the wave until (as we all saw) the ridiculous froth, then got out before the glory dropped off the cliff.
Not that much has changed in approach as far as I can see since he went (notably to a prodigious media seeding of doom now the "star manager" was leaving).
Not sure that helped the inevitable slide, but difficult to attribute any of the slide down to a managerial change really.
Those are my thoughts on it anyway.
I guess what I am saying is that recent discussion on here has tended to shelve the obvious reasons for SMT falling out of favour.
At times an even stronger slant has been put on failure down to other reasons of outright mismanagement here, rather than the simple demise we have all steadily witnessed exactly since the spectre of high interest rate world futures became obvious.
The current AI wave was not prominent at the begining of the downturn for SMT, and I remain to be convinced that it isn't overegged.. The boardroom spat wasn't there at the beginning either, plus the overtures of media criticism hadn't really started either.
Yet the 5 year graph shows the most tumultuous drop right at the beginning of the fall in Nov 21...
I remain generally sympathetic in keeping the reasons for the fall in SMT simple and holding the faith.
Worth also comparing this against Trustnet's discussion on SMTs fall from investor sentiment just 9 days ago. It underlines the various fairly obvious factors that don't require incessant wringing of hands, furrowing of brows and theoretical worries in determining what's liable to happen to SMT as interest rates peak and wane.
https://www.trustnet.com/news/13382411/investors-gaze-turn-from-scottish-mortgage-to-fc-investment-trust
Https://www.trustnet.com/news/13383942/the-baillie-gifford-trusts-worth-backing
Not sure who said "total unerring" respect, but yes, I do consider myself a diplomatic and generally neutral person and do know when an argument should be abandoned due to no further universal gain possibility.
You say your piece, there any be polite disagreement on the basis of X or y, then it's lessons learned or not and move on.
Being a health care professional first and investor very much second I can also recognise those with the most presiding inflammatory markers, and on that basis Fela96 I prescribe you a lengthy course of anything you best consider capable of dealing with it (as it ain't going to be helpful to you as concerns these discussions or just about anything else).
You clearly have a good investing mind, but on the subject of respect I feel you are undermining your own on here more than anyone else is?
I truly am simply trying to help and feel odd continuing this exchange so let's just forgive and forget..
I suggest a wiping clean of the slate and maybe a fresh subject on here that proceeds with respectful exchanges from all involved.
fela96, i give up.
advice wasted.
the person you are ****ging here has his opinions and many of them are actually very helpful and informative.
you are bitter to the core and acting like a child.
i thought i could help, but you don't actually understand what i'm trying to help you with so i'm done with replying to you.
please block me as it would be doing me a favour as in all honesty i'm that close to filtering myself (but as dontshootme says that kind of thing isn't great).
why don't you just try posting on here without the argumentative and insulting stuff?
it's way out of order.
On the basis of your reply I withdraw the "lack of humility" suggestion.
I do think (regardless of the heat generated) we all do think about opposing ideas on here which is all to the good.
Plus, yes... Your opinion on the dividend drew a universal consensus of agreement.
Good stuff .