Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: RockyBalboa who wrote (3388)	3/13/2001 8:12:05 AM
From: Mad2	Read Replies (2) of 3543

Problem is a lot of folks that made money in the past two years don't understand (answer....momentum game....that works both ways as we are now seeing) why they were sucessful and how to value stocks. Still comes back to the fact that shares in equity simply provide a share of future profits (and a pro rata share of the net asset value). If the company in question doesn't have profits or assets that can be employed to generate profit then it isn't worth squat. Graham & Dodd prevails.....history repeats itself...again. Best Regards, Mad2 PS, where have all the bears gone????

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