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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (12385)5/3/2001 8:14:47 PM
From: Kapusta Kid  Read Replies (1) of 78995
 
Paul, I just read the NYT article about CA. I don't know how you can feel bad about a winning trade. No sooner did I post that message than CA's stock started to run. Frankly, I envied your move.

Actually, what turned me off about CA was its purchase of the hated Islanders<g>. I don't follow hockey any more (too many teams), but I always backed the Rangers.

I've always admired Charles Wang. Of course, I've kinda admired Bob Brennan, too. The first time I ever laid eyes on Wang was in the 70s. At the time, CA's HQ was the trunk of Russ Artzt's car. Artzt and Wang were visiting the company I was working for, trying to get the rights to market a piece of software written (by us) in-house. CA hasn't developed anything itself since, except, possibly that piece-oh-sh*t, Unicenter. But Wang has gone from operating out of the back of a 70s Chevy to becoming a billionaire. His brother, Anthony, a lawyer, was a large cheese at CA for a while, but he left just before I did so he could play with his Ferraris (that was his car in Ferris Buehler's Day Off).

I worked on one of their mainframe security packages. After six months on the job, I was the senior guy on the product! Everybody quit. The company just didn't seem to care a whit about employees or customers. I'm grateful to CA, though. When I resigned after only 18 months on the job, I did so effective immediately and I haven't held a real job since (1991). Of course, the bull market had something to do with that.

Work is so-o-o-o overrated.
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