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Technology Stocks : Disk Drive Sector Discussion Forum
WDC 163.61+2.2%3:59 PM EST

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To: Yogi - Paul who wrote (8243)4/10/2000 11:06:00 PM
From: Z Analyzer  Read Replies (1) of 9256
 
<<Fools make money, intelligence underperforms? You don't really believe that, do you?>>
During the past year there has been a lot of truth to that statement. Smart momentum investors and those who became momentum investors in time did well. A lot of very experienced investors who couldn't see paying valuations which no one ever has before witnessed and hoping a greater fool would come along did not participate to a large degree.
Those who bought the market and conceptual leaders, which one doesn't need to be very smart to indentify, and who did't know or care anything about valuation had spectacular years. -Z
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