Word: amateurness
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...have been a fan of Tiger's since he was an amateur, and I get tired of everyone taking shots at him. You pinpointed the important issues and blocked out the unimportant ones. Tiger's accomplishments are so phenomenal that even his strongest opponents forget that he is merely mortal and entitled to mistakes. Thank you for capturing the person. BETTY JO SOLDANO Jamestown...
...time he entered Stanford in 1994, Woods had won the first of his three straight U.S. Amateur titles, but there were volleyball players who were better known on campus. Woods loved it. "Anonymity was one of the best things about being at Stanford," he says. "I was sort of a lower-tier athlete." One college roommate, Yves Zinggeler, remembers that Woods "was a humorous guy who liked to have fun and go out on weekends"; he dated a couple of women, but "he wasn't a skirt chaser." He watched The Simpsons religiously and cued up videotapes of PGA tournaments...
Naturally, even technical analysts can't agree exactly on what the Dow chart is saying. But any amateur can see that since the start of the year, virtually every Dow rally has stalled just short of the previous high and sell-offs have abated just short of the previous low. Draw the lines, and you get a sideways triangle, or pennant shape, that reveals schizoid investor psychology. On one hand, investors do not believe the market can sustain a rally--so as stocks near their previous highs, sellers charge in early to beat the crowd. But investors...
...fund is tiny, only $5 million in assets, yet the concept is catching on. MutualMinds.com is another cybersite that recently filed to launch a mutual fund that would pool investors' predictions on future stock prices and invest based on their combined forecasts. A survey on iexchange.com a site where amateur analysts strut their stuff, asks surfers if they'd like to invest in a fund based on its top picks...
With financial information so readily available, it's no wonder investors think they can play like the pros. "I knew personally that there were a lot of great [amateur] analysts out there," says StockJungle.com CEO Michael Witz. "So I always felt there was this great untapped resource...