Originally Posted by You
I guess that means Norm has a financial interest is saying good things about RCCL and it various cruise lines. He is not offering an unbiased opinion.
Well, a disclosure of personal interest technically does not necessarily mean that one's opinion is biased, but the law is intended to discourage shenanigans -- people trying to make the company look better than it really is so they can "dump" the stock at a high price (so-called "pump and dump") or, conversely, make the company look worse than it really is so they can buy its shares for less than their true value.
Personally, I'm a "buy and hold long term" investor. Like Warren Buffet, my favorite holding period is forever
. Thus, I buy stocks that I expect to provide solid growth for many decades to come. I also ascribe to the investment methodologies described in Beating the Street
by Peter Lynch, the former manager who brought Fidelity's Magellan Fund to the top of the charts in the late 1970's and early 1980's. One of his most significant techniques for evaluating investments is to look at the quality of the company's products and service (yes, in addition to its financial reports) -- and not with rose-colored glasses, either. I would not invest in any company if I did not like its product or if I found its service to be materially deficient, and I would liquidate my shares pretty quickly if I found that a company was suddenly producing substandard products or providing substandard service to its customers.
I think that most of my comments on these boards have been pretty objective, and I make a sincere effort to keep them that way. I'm probably as critical as anybody, for example, about Celebrity's frequent failure to enforce the prescribed standard of evening dress, for example. And when people ask which cruise line is the best, I always recommend buying a guidebook and reading the descriptions of all of the cruise lines to see which one seems like the best fit for their personality and style. It would not benefit anybody to recommend somebody to my favorite line who would be much happier on another.
Of course, a disaffected customer bad-mouthing my favorite cruise line is not doing my favorite cruise line any favors, either -- but a lot of people who own an interest in a company would forget that and just try to steer as many people to the company in which they own an interest as possible; hence the federal (SEC) requirements for disclosure.
Originally Posted by You
Not sure the moderators require such a declaration but it is nice to see. Especially since the Royal Champions incident.
No, the moderators do not -- but in some cases the U. S. Securities & Exchange Commission (SEC) can impose stiff fines for failure to do so. Since I don't have a team of lawyers to research all of the nuances of the law, I'm being safe.