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Politics : Ask Michael Burke

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To: Joan Osland Graffius who wrote (92729)	10/25/2001 5:28:52 PM
From: Tom M	of 132070

>>speaking of hard assets<< I wrote a Disaster Recovery Planning package in use for years by the Port Authority & many fortune 500 co's (doubtful they used it to make a comprehensive enough plan to envision what just happened). After writing about 14 versions, I got burned out when I saw the economy starting to base itself on churning through version after planned obsolescent version dictated by MonopolySoft. That changed my mindset toward appreciating expenditures that last more than 6-12 mths <g>. I agree on trying to buy assets that generate income, but I also don't feel the need to be in paper unless Al will guarantee my paper, which I've seen he won't. As you note, It's amazing how well some commodity stocks have risen above their commodity (while others go bankrupt). Tiring of the roulette wheel, I'm thinking of investing some time and building some of my own hard (wood) assets - houses and furniture. I know its recently been unAmerican to make things last past the current generation, but I'd like to think someday my projects may return more than beanie babies did vs the "barbaric relic" ;-) Of course I'd still be interested in stocks around book yielding 11% like USU last year <g>.

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