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Technology Stocks : Ascend Communications (ASND)
ASND 204.11+1.9%1:38 PM EST

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To: Glenn D. Rudolph who wrote (19329)10/27/1997 10:45:00 PM
From: Emile Vidrine   of 61433
 
chebucto.ns.ca

The Skeptical Investor

"Hence, human judgments, based on analytically looser but far more realistic evaluations of
what the future may hold, are of critical importance in risk management."

Alan Greenspan, 1997

The Skeptical Investor was launched in June 1997 in response to the encouraging feedback that I got
from readers of the financial market "Commentary" posted at this Site for the previous several
months.

The content reflects my own approach to investing: conservative and skeptical. I do not believe that
anything worthwhile comes easy. Making money by investing is, I believe, one of the most difficult
and challenging of human endeavors. There is one thing even more difficult though: keeping it once
you have made it; preservation of capital is the first rule of conservative investing. "Compounding is
king" is the second. Look at everything with a skeptical eye is the third.

"The Skeptical Investor" is international in scope and offers mostly fundamental and geopolitical
commentary, based on a free market approach. It attempts to identify major global trends that are or
will shape the investment environment. Some specific investment pointers and ideas will also be
included: these are NOT to be taken as advice or recommendations, merely as food for thought. Do
your own research and make your own decisions based on your own circumstances and risk
tolerance or obtain the advice of a qualified investment professional.

If you have not already done so, please read my Disclaimer before reading on.

I can be contacted by e-mail and welcome any constructive comments, suggestions or criticisms you
might have.

Issue No 5. October 1997
Issue No 4. September 1997
Issue No 3. August 1997
Issue No 2. Mid-July 1997.
Issue No 1. Mid-June 1997.
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