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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 248.67

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12:55 PM EST

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To: Bill Harmond who wrote (98641)	4/4/2000 9:28:00 PM
From: Victor Lazlo	Read Replies (1) of 164684

<<I think that timing the market humbles us. Buying and holding a basket of great young companies is the best way to enrichment and decision validation.>> William, you mean like you were humbled by the 3rd week in Jan, when it was clear after 12 trading days that the market was not anywhere near as bad as you assumed, and the adulations from the board around here re your "100% sell" action dried up, and you started buying back in? I suppose you had no patience for "enrichment and decision validation" in Jan., eh? How soon things change.... Looks like you were right, just way premature. Common market timing error, don't feel bad. Victor

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