Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 242.99

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3:21 PM EST

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To: advocatedevil who wrote (55221)	11/8/2001 2:01:44 PM
From: Jacob Snyder	Read Replies (1) of 70976

re: don't let your children do this: Most of my mistakes, have been because I was sure I was right in a particular situation, and broke one of my basic rules. Rules are rules, and have to be followed rigidly, in order to work. Making exceptions means you allow emotion to creep into the decision-making process. As I know from bitter experience. When I believed WCOM's forward EPS estimates last year, and allowed that one stock to get over (a lot over) 20% of my portfolio, as I keep averaging-down (began at 40), I eventually had losses a couple of orders of magnitude larger than yours. The investors who don't get rich, are the ones who don't learn from their mistakes, mostly because they forget/hide them. These boards, used the way you do, are an excellent tool to maintain discipline. JS@enjoythediscipline.pov

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