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Politics : Formerly About Applied Materials

AMAT 261.90

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Dec 26 9:30 AM EST

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To: Jerome who wrote (45278)	4/10/2001 9:09:19 AM
From: Fred Levine	Read Replies (1) of 70976

Jerome--RE:<<None of this stuff is a waste of time, but we are in need of original thinkers. There is a tendency to gravitate toward a sameness in thinking. The end result is that we are all proved wrong at the same time. >> Of course, you are right. However, the choices for original predictions are limited to up, down and sideways. I have reaffirmed my conviction that no one can predict. Gazzarelli was on target with biotechs and has done nothing since. One of my friends was on the American Mathematical Association's investment advisory committee and their study indicated that there was no way to beat the indices. When I pointed out the superior performance of Magellan Fund over 10 yrs., he laughed and responded that, randomly, someone had to be on top. OT OT Re: China. Should we apply the same political standard to Saudi Arabia that some want to China? Should we tell them to stick their oil up their....As bad as China is, they look like a civil liberty paradise next to the Saudi's. fred

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