Prudent Bear Fund (BEARX): contrarian investing Message Board

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Pastimes : Prudent Bear Fund (BEARX): contrarian investing

BEARX 4.080

0.0%

Nov 6 4:00 PM EST

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To: Giordano Bruno who wrote (630)	8/31/1999 8:56:00 PM
From: Tommaso	Read Replies (2) of 793

Hope you are right. I have hardly dared to look at my BEARX holdings, which I would have swapped for tax losses except they are in IRAs. All I really hope for now is to recover my capital, plus a small premium. I don't really blame Tice. Who could ever have imagined such insanity--eclipsing what occurred in 1929? I really did imagine that 1929 was the limit for greater fool speculation and that such excess would never be seen again for a couple of centuries--somewhat as the South Sea Bubble largely extinguished not only speculation but legitimate investmnet projects in England for centuries afterwards. But it seems we have a couple of generations getting into the market who have neither experience nor education to assess equity values.

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