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Buffett and Beyond: Uncovering the Secret Ratio for Superior Stock Selection, + Website, 2nd Edition by Joseph Belmonte

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Chapter 20

Stories of Audience Hecklers

I am often asked to present my one- or two-hour seminar in front of CPAs, investment groups, and sophisticated investors.

During 2013 I presented in front of a chapter of the Broward County, Florida American Associaton of Individual Investors (AAII). It was the first time I introduced my computer program, which was still very much in the testing phase but certainly workable enough to show to my audience.

This seminar was especially noteworthy as one of the members was a retired mutual fund manager from Canada. After my seminar presentation we had our usual question and answer session in which “Mr. Antagonistic” asked the following question. I'm not quoting him, as I don't have his exact wording, but it went something like this: After all is said and done, what value have you added to the investment profession? I (meaning him) ran several mutual funds and we were very successful so why would we need something like your system of stock selection?

Now here I am standing in front of about 30 folks who all knew as much about investing as most professionals. They all loved the presentation, as Clean Surplus was opening their eyes to a new, wonderful, and meaningful method of stock selection that they had never been exposed to before. This system was not complicated and made perfect common sense. They were also a little upset by the tone of our self-described “very successful” professional money manager as he sat, smirking at his seemingly unanswerable ...

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