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Technology Stocks : Jabil Circuit (JBL)
JBL 201.800.0%Nov 14 9:30 AM EST

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To: kolo55 who wrote (5195)6/17/1999 2:39:00 PM
From: rich evans  Read Replies (2) of 6317
 
Thanks for the good info. I don't disagree that JBL is the prettiest especially with a PE forward of 27-28 compared the SLR at 37. But todays stock action I think is a good example of the exerpt from Keynes on investing which I cut from another thread:

professional investment may be likened to those newspaper competitions in which the competitors have to pick out the six prettiest faces from a hundred photographs, the prize being awarded to the competitor whose choice most nearly corresponds to the average preferences of the competitors as a whole; so that each competitor has to pick, not those faces which he himself finds prettiest, but those which he thinks likeliest to catch the fancy of the other competitors, all of whom are looking at the problem from the same point of view. It is not a case of choosing those which, to the best of one's judgement, are really the prettiest, nor even those which average opinion genuinely thinks the prettiest. We have reached the third degree where we devote our intelligences to anticipating what average opinion expects the average opinion to be. And there are some, I believe, who practice the fourth, fifth and higher degrees.” The General Theory, 1936

Rich
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