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Strategies & Market Trends : Value Investing

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To: jeffbas who wrote (4771)8/22/1998 10:25:00 PM
From: Paul Senior  Read Replies (1) of 78622
 
Jeffrey Bash: You say you would be happy if you lost money but lost less than the indexes' decline. Well, by that logic and your emphasis on beating the indexes, then I take it if you are making money but not beating the indexes, then you would be unhappy. Make money = unhappiness; lose money = happiness. It could be strange for me then to say to you "Be happy, don't worry." -gg-

I'm going to modify your ideas and try them out on my wife next time we talk finances and our major portfolio isn't doing so well. I'll tell her something about how well we are doing compared to the guys down the street. Then I'll cap it off by telling her how well we're doing against the benchmark index. And of course I'll pick an index a posteriori (one that'll make me look good). Maybe the S&P, maybe the DJ, maybe the Russell 2000 (Since most of my purchases have been small/mid cap stocks, and they are down-- and so is the Russell small cap). Yeah, beating the indexes. Actually, I do feel better already just thinking how good I really can show (Unfortunately, in my own eyes... pretty sure my wife won't buy it -gg-). Paul
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