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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (6072)6/20/1999 11:23:00 PM
From: Chuck Rubin  Read Replies (4) of 15132
 
I don't think my post should be interpreted as "scared." Altho I agree, when investing in the market investors should always have an element of "fright" to keep them diligent.
As I said, if a bear is coming, I agree with the investment style of the UltraBear Fund, and I am ready to contribute generously to it if it happens.
All I am saying is that I don't agree with Bob's "flabergasted" comments that he can't understand why the internets are trading at the values they are at. Bob is concentrating on the market "value," not the attempt of these Companys to capture market share. That's what investors are buying. The future of the internet is awesome, whether or not we get a bear market, they will rebound with a vengence in the next bull, or after a correction, or continuance of the bull market or whatever and should not be obsessively talked down as Bob seems to do week after week. He sounds like he doesn't understand or is completely flabergasted that they are as high as they are and says they shouldn't be, and I am saying other savy investors look at it differently then just simple capitalization or valuation.
Matter of fact, most stocks are looked at for their future potential then their current valuation.

chuckr
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