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Strategies & Market Trends : Value Investing
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To: dd who wrote (1714)8/19/1997 11:52:00 PM
From: Michael Burry   of 78813
 
In my (medical) field, the discussion
doesn't often turn to stocks. That said,
I am surprised at how many people that
never would have invested in stocks are
now telling me things like the following:

"The market will keep going up because
now even my taxi drivers are talking
to me about how they are buying stocks.
You can't fight the flow of money."
-- a nephrologist friend

"I think the correction is over and
stocks are heading up again. Every
time the market dips like this, I
just buy more Microsoft.
-- a dermatologist friend who first
bought MSFT at 27 and is doing just
fine having bought only one stock
his entire life.

It doesn't take much of a contrarian
to figure this out.

Mike
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