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Politics : Ask Michael Burke

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To: Freedom Fighter who wrote (72809)	1/5/2000 3:37:00 PM
From: BGR	Read Replies (1) of 132070

Wayne, Undervalued is a temporal concept. Of course no one can see the future. Including value investors, though they always pretend to. IMHO, at any point in time, something is undervalued if there are more buyers than sellers. BTW, I never claimed that market fluctuations create geniuses, so why put words in my mouth? Anyway, to sum it up, you do not know what value is, but you are pretty sure that when it comes to measuring value your gut feeling is better than the next person's. Well, OK. That's not something one can rationally debate about. So I won't. -BGR.

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