I'm sharing the conclusion , if RW doesn't like it, hopefully he will tell me not to do it again. ' Conclusion

There are plenty of valid reasons to discuss investment ideas in public forums or to make presentations in public. Investors may be seeking out other opinions that can be valuable as part of their investment process. Those who are seeking capital to manage must find a way to get the attention of potential investors. Some people might just enjoy the interaction with other investors. However, we must keep in mind the risks that are being taken when ideas are discussed in public. The risks are not intuitively evident but they are very real. We are all subject to the pitfalls associated with human psychology. The dawning of wisdom is the realization that you too are subject to the tendencies that we might wish only affect 'other people'.

The obvious policy is to only discuss investment ideas in public to the extent that doing so is expected to result in some form of net gain, whether it is monetary or intangible. In recent years, The Rational Walk has not published as frequently as in the past and most companies under discussion have not been ones likely to result in a personal commitment of capital. This has been mostly by design and is likely to continue in the future with the possible exception of Berkshire Hathaway.'