Foolish Feedback

Many didn't catch on that the note was meant as a prank...

"You idiots!!! Good for you for fessin' up. But my gut feeling is that your new number isn't any more reliable than your old one."

"Is this for real. If it is, the timing is as bad as the mistake. I am disapppointed. It is APRIL 1st. APRIL FOOLS DAY"

"As a retired engineer whenever we had to figure something out that was critical, we had two different people do it and sign the results so they felt responsible. This might help."

"Are you on drugs????"

"Are you guys sure about that 91% number? I find it hard to believe that 91% of mutual funds have outperformed the market averages since 1993... I'm going to do some digging. Does Morningstar have any numbers on the subject? Also, are we talking after fees? And what about risk adjusted? I think this warrants more investigation...now you've got me worked up.

"WHY... underscore WHY, would you announce this on April Fools Day?"

"In reviewing your 'New Rules'...you start by stating you will GUARANTEE 100% of investors following your rules will beat the market. That only goes to prove you truly are fools...and dangerous to the investing public..."

"You are really fools, and your name says it. What the hell you use a spreadsheet for this kind of work? A spreadsheet should be limited to what you do with paper and pencil and a hand calculator. For God sakes! It is not a program. You need to know the difference."

"I AM SORRY BUT YOUR NEW PLAN ADVISES PEOPLE TO LOAD UP ON 'CREDIT CARD DEBT AND "NOT PAY THEM"??!! I WORK FOR A MAJOR LENDER IN THE U.S AND THIS ADVICE IS TERRIBLE..."

"I have never, ever seen something so mishandled in all my life, other than Nixon's famous tape debacle. Man, you guys (gals) really blew it."

"When I first read your letter of apology I assumed it was possibly an April Fool's joke. With further thought, I concluded that it was for real."

"As an engineer, I recommend that you do what we do....check your work and check it a couple of times. Since this mistake is so big, I think that a little introspective thought is needed. I think that most of your thinking is reasonable and fairly good as is the approach for the small investor, however, your last new 13 steps seems a bit too silly for my tastes."

"Sorry for the misfortune, and I can't wait until your revised edition of the 'Investment Guide' comes out."

"You can't really be so un-math-savvy as to never have tested a couple numbers in a table. - Or maybe you have never been burned like me!"

"Is it possible that a large mutual fund company threatened the fools with a lawsuit, and now you are changing your position to avoid litigation?"

"This comes as a bit of a shock. Can you move past this and retain your outlook? I hope you can."

"Let me get this straight. So what you guys are saying is that you're no better that all the other gurus in the BACK of all the newspapers and magazines...AND YOUR SORRY? YOUR ADVICE (right or wrong) has influenced peoples LIVES! SOMEONE MAY NOT GO TO COLLEGE, OR GET THE MEDICAL CARE THEY NEED, OR END UP IN A NURSING HOME"

"If only this countries leaders -both politically and in business- had the guts to admit it when they screwed up......and all this time i thought i was the only one that had a fund that worked"

"I do think that sometimes you guys come off a little arrogant. So maybe this experience will tone that down a bit. Carry on!"

"You may also want to spend some time at a University studying investments, portfolio construction, and options and futures to help ground you writings in facts and to enable you to determine when a graph may actually look funny!"

"You people make me sick. Your forum is nothing but a shameless attempt to make your products. You are no better than those fund managers. Notice your Fool portfolio? It has done worse than the S&P 500 and the NASDAQ...this means you are in the bottom 9% of all funds..."You people make me sick. Your forum is nothing but a shameless attempt to make your products. You are no better than those fund managers. Notice your Fool portfolio? It has done worse than the S&P 500 and the NASDAQ...this means you are in the bottom 9% of all funds...You are truly dispicable...you do not deserve to exist. You need to just commit suicide, the both of you."

"You are complete idiots, not fools. Pack it up."

Link to some downright nasty notes





The New 13 Steps

The Joke
Original Announcement
New 13 Steps

Reader Responses

  • Liked our joke
  • Were fooled, but were still supportive
  • Admitted they were initially fooled
  • Figured it all out right away
  • Played along with the joke
  • Were concerned about our taunting and firing of the intern
  • Believed the entire story
  • Will probably never come back to our site
  • Thought that nobody would believe us