How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 496.92

0.0%

Nov 7 9:30 AM EST

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To: Ed Schultz who wrote (5226)	2/24/1998 4:55:00 PM
From: Joe Sabatini	Read Replies (2) of 74651

>>Unfortunately this person is asking the wrong question (and hence is probably a poor investor). Are value investors 'poor investors'? I think you gave an example earlier of rare art, etc. and why people value it so highly. Usually it's because of genuine rarity. There are over 2 billion pieces of Microsoft floating around, each worth less than 1/16 the asking price. When you invest in Microsoft, you are gambling on the herd mentality, not on any real sense of 'value'. Joe S.

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