They were a weird group, operating out of two converted Baltimore row homes right next to Baltimore's famous Shot Tower.
The company was populated by all youngish liberal types. They published all sorts of financial newsletters. I really liked the owner...name is Bonner as I recall.
They published a lot of really off-the-beaten track sort of financial stuff. Evidently they've branched out into Internet newslettering, which happened after my time.
This makes me have to stop and see the old gang, see how they're holding out what with the SEC on their trail.
I have always enjoyed reading the Mogambo Guru articles and would be disappointed to learn that Daughty is involved in any type of fraudulent operation desinged to pump and dump stocks.
Richard W.
I read with amusement that Agora, Inc, the publisher of Mogambo Guru, my rag of an economics commentary newsletter, is being sued for fraud, and that I am tarred with that same brush.
If one cares to completely waste some time and read the execrable rubbish that I write, one will no doubt notice that not once in, oh, let's see, the whole twelve years of writing the thing, have I ever recommended a single stock, company, bond, trust or specific investment of any kind whatsoever, other than the broad generic "get yourself some gold, and lots of it" with occasional forays into recommending oil and energy as it mood moves me. Additionaly, I have never received so much as a dime of income from Agora, or anybody associated with Agora, although if they did send me an envelope full of money for some strange reason, probably mental illness or some horrible mistake in their business office, I would keep it, pretend that I have moved, left no forwarding address and me no speakee Engleesh. Furthermore, I have had no dealings whatsoever with the Daily Reckoning/Agora publishers other than to express my appreciation that they would stoop to publishing my ridiculous newsletter and pleading with them to stop rudely hanging up the phone in my face whenever I call them.
I wish I could generate more heat, something on the order of righteous indignation or something, but it is actually so amusing that I am sort of enjoying the attention.
But, in order to cross the t's and dot the i's, let me state, for the record, that I have never committed any fraud, attempted to commit any fraud, or broken any laws of any kind, or even attempted to break any laws, other than to, and I blush when I say this, push the envelope of some posted speed limits on occasion, and if pressed on this particular point by anyone involved with enforcing the speed limit and traffic safety laws, I will plead the Fifth.
If you have any questions concerning this matter, please fo not hesitate to contact me, although I will advise you that I have already communicated to you far more than I actually know, which is nothing, because I am an idiot who is seemingly morbidly preoccupied with sneaking around behind my wife so she won't catch me smoking cigarettes and eating delicious snack foods that contain fats and cholesterol, usually something involving chocolate.
- Richard Daughty
the real Mogambo Guru
Richard W.