yamakita...the vagaries of the market.....
i am a believer that over the past several years the equity markets have drastically changed from the investment mentality/posture of a buffett, to an illogical, irrational market driven by greed and desire for triple digit returns, fueled by employer contributions to pension plans. the market is now a trading market...look at the turn over ratios of the mutual funds, in spite of their performance which is less then the major indices, they want to roll in and out every quarter. difficult to maintain profitability with a pure buffett strategy. everbody is a market timer and trader. the irrational market no longer looks at current reality, it wants future hype, as in the internent ipo issues. it's a whole new world and market, and a ceo has to change with the times, if he wants to keep the shareholders happy..."mikey" grins ear to ear...how many dell shareholders who established positions in january smiling? meanwhile the spin of dell sector competitors have moved them to all time highs....funds will buy them and sell dell. not saying it is correct, but the past six months have proven it to be true.
as far as cheesesteaks.....you use cheeze whiz or provolone...fry the steak over the onions....how bout the roll....secrets in the ingredients, which have a very provincial availability...ask frank morris, or mark peterson....they'll tell you what it's about....and then there is the ambiance of the am hours at ninth and passyunk...a true cheesesteak afficionado would understand...
thanks the input, intelligent, objective conversation more then welcomed..ed a. |
