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Strategies & Market Trends : MDA - Market Direction Analysis

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Jan 22 4:00 PM EST

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To: Les H who wrote (48672)	4/29/2000 8:41:00 PM
From: Michael Watkins	Read Replies (1) of 99985

Favorite quote observed this weekend... in response, Munger [Berkshire Vice Chairman] was his typically glib self. "I think the reason we use the term 'wretched excess' is there are wretched consequences," he said. "If you mix the chain letter or Ponzi scheme with something like the Internet, you mix something very bad with something very good. But, if you mix raisins with turds, you still have turds."

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