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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Raymond Duray who wrote (36207)7/17/2003 2:52:19 PM
From: Maurice Winn  Read Replies (2) of 74559
 
Ray, as Ramsey is pointing out, I was donkey deep in the Biotelecosmictechdot.com margin fuelled mania and lost more than I ever thought I'd have. But I know where the fault was. It was right there in my head.

Nobody made me borrow. Nobody made me ignore the fault in the Globalstar people which I had identified. Nobody made me pay the price I agree to. It was me Ray. Uncle Al would have had to raise interest rates to 15% to slow my fevered hopes and that would have been too high for the house mortgage people. So, he had to leave me to my madness and wait for my fevered hopes to be dashed and my money redeployed to people who knew better how to manage it.

I'm grateful that he kept the currency stable while me and the mindless mob stampeded like a giant buffalo charge, through the happy village of squaws, children and dudes going about their daily business, blithely unaware [for the most part] of the dangerous herd. Uncle Al deftly managed the situation so least harm was done.

I don't think that's the best analogy, but it'll do.

I had the blinders on then Ray. < You are putting on blinders. Recall that Uncle Al helped to create the NASD bubble by willfully cooperating with those who were fear mongering in 1998-9 regarding the millenium bug. > I can see clearly now the rain has gone. I can see all obstacles in my way. Gone are the dark clouds that had me blind. It's gonna be a bright, bright, bright sunshiny day.

The millennium bug was the bug in our brains.

Mqurice
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