Novell (NOVL) dirt cheap, good buy? Message Board

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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: EPS who wrote (21430)	3/27/1998 8:19:00 AM
From: EPS	Read Replies (1) of 42771

PS To my post Fred, I was reading the MF (I like it very much by the way) and found the attached quote pertinent. Regards Victor -------------------- ................ I have trouble with cash, too. It seems like it is only a parking place, not an investment. Why would I want a third of my money tied up in this stuff? I have a margin account, and can write a check against that in the event of an emergency or the passionate need to buy an original Modighani at the Art Gallery. Let me see, I have $38.67 in real cash right now. Somehow I don't think the wise one would consider that I am 2/3 balanced, even though I do a lot better than many of them. I asked the Wise Man, "By cash do you mean green backs that I stuff in a mattress?" He responds, "Of course not, you fool. Leave it with my brokerage company and I can pay you an absolutely miserable rate of interest." I look at the interest rates. They charge their clients 11% and would be willing to pay me 4% for my money. Not too bad, a 7% spread using other people's money. The brokerages are not dumb. Somehow at this rate it does not seem like I am going to make much progress compared to Warren Buffet. Assuming that the inflation rate stays at a low 3%, I will be increasing my buying power by 1% per year. Let's see, I can double my buying power in a tad under 70 years. I might just not live that long. ------------------------------------------------------------

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