Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (57151)	12/13/2004 1:53:18 PM
From: Maurice Winn	Read Replies (1) of 74559

<It's a bit like I've been calling GSM a has-been while GSM has continued to maintain overwhelming dominance over CDMA. From an investing point of view it's important to be ahead of the game, so has-beens can still be growing while it's time to dump them as investment opportunities.> Ray, various oil investments will no doubt be excellent. But at $50 a barrel, oil prices are sure to fall and at $40 they are still high. I just meant that like GSM, which is still growing and ascendant, bigger investment returns are likely to be in the developing technologies rather than the declining ones [like oil and horseshoes are still profitable but cars have earned a lot more money over the past century]. But as Warren Buffett showed, there's a lot of money to be made in boring old stuff if bought at the right price. There's plenty of money to be lost in the exciting new things which don't sell [Globalstar for example, and Eurotunnel]. Mqurice

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