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Politics : Ask Michael Burke
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To: accountclosed who wrote (90244)3/13/2001 1:01:42 PM
From: yard_man  Read Replies (1) of 132070
 
very good -- this is so true

>>There was simply no way to monetize all that paper, although at the margin, many sharp folks did turn that paper into real wealth. <<

Something else that interests me in the "psychology dept" is why folks don't act to preserve gains that have been cut in half or reduce by larger percentages -- do you know people like this? I have them in my own family -- they don't even think about the possibility of something "not coming back" and lock the gains that remain -- it is weird.
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