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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (12302)3/7/2000 2:43:00 PM
From: Kirk ©  Read Replies (1) of 15132
 
Interesting discussion.

Today I feel more lucky than smart, but sometimes buying growth at reasonable valuation pays well as it has for me of late.

Here is an interesting story. My brother worked for a large retailer that went bankrupt. He saw his company stock go from $44 to zero. Sort of balances out the luck I had for picking high technology as a career and place to invest in. Anyway, when they split up and sold off pieces of his old company, one piece hired him back after 6 months of unemployment (He lives in the midWest and has no college degree...worked his way up from stock boy to corporate job). The new company has a tiny fraction of staff handing the same amount of business. They invested heavily in computers and software so the buyers and merchandisers could be more efficient and they could manage their inventory better. Good news is they are making money too.

How would you say their productivity was increased? Perhaps 300% in a year? Was that measured by the Green Man's favorite indicators? Does Bob chart this? Does anyone even have a clue on how to measure this? The only "measurable part" I can tell is he WAS on unemployment for 6 months AND he went back at a lower salary then his old job was paying. I listen to the Green Man and TRY to be unbiased and I hear him saying he doesn't know how to measure this but it is significant.

Anecdotal for sure, but this is what is happening to our economy. It is being ripped apart and set on its head by the advances in technology. Do you think your grand kids will understand how we don't trust car and insurance sales people?

To me, the market is just a reflection of this in that it gets ripped apart here, then there, then over there but if you invest in the right stocks and don't over pay... you make money.

[exit rant and rave mode]
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