Comments on: Dyer & Despair: No Dinero’s in my Sombrero’s

By: KE

KE — Thu, 22 May 2008 14:31:26 +0000

girlinthemeadow:

I don’t think there was negligence. In fact, what Kiarie is arguing is that they did not exercise “due diligence”, which really means that he is accusing D&B of “not looking out for the best interests” of their client.

However, they are no guarantee’s when you invest in stocks. He got all his money back and he should be grateful for that. What he needs to do is acquire the necessary knowledge that will allow him to manage and grow his money on his own.

By: girlinthemeadow

girlinthemeadow — Thu, 22 May 2008 08:32:30 +0000

There was professional negligence on the part of D & Y. If it was in the days of the tumbling economy maybe. But 2M is a shortchange, i think he should ruthlessly go after them and lawyers need a new area of practice, that could be the goldmine. Shortchanged Investors . I don’t know why everyone puts all lawyers in the “corrupt” group.

By: girlinthemeadow

girlinthemeadow — Thu, 22 May 2008 08:29:05 +0000

Walk away? The stock market has grown over 500% in the last few. Even assume they just invested in bonds 7% return per year, he deserved at least 31Million.

where he got his money from i don’t think is anyone’s business unless proved that it was from fraudulent activities.

By: mainat

mainat — Wed, 21 May 2008 10:04:25 +0000

Let’s talk about John Kiarie’s predicament. Would you leave $100k to some portfolio manager in New York for 5 years without even checking the returns annually? The guy is a muppet.

Moving on to insider trading. Of course it goes on. However, insider trading is common in every stock market (snippet from the UK’s FSA http://search.ft.com/ftArticle.....&ct=0).
A good investor needs to invest based on fundamentals because ultimately that is what will make a stock grow. Even in Kenya.