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Politics : Ask Michael Burke

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To: Les H who wrote (67559)	9/12/1999 5:37:00 PM
From: Skeeter Bug	Read Replies (1) of 132070

>>I guess if we extend out the time horizon for expected future value out to infinity, anything is possible.<< les, competing investments blow that view out of the water. pc asked me to name a better company than one he liked and recommended. it was yielding a very low % return (1-2%). i responded with a t-bill yielding 6+%. he wasn't expecting that answer and it left him speechless so he never replied. why? my guess is that he knew, intellectually, that i was dead on. his company would never return better than a t-bill. however, stocks always go up 30% - to hell with rates of return and fundamentals. buy that toyota corolla for $100k and hope somebody pays you $130k next year. i don't play that game. btw, thanks for the great articles.

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