Glenn, Thank you for responding in a civil manner to my emotion-driven post. I hope you are aware that I was berating the ludicrous nature of Mr. Benjamin's methodology and not you for having posted it; it appears you understood my intentions. I am emotion-driven on this issue because when I first became involved in the market seven years ago, I was duped by my own confidence in the "professionals." I have since come to understand that they are often the last ones to know; not because they don't have the glaringly obvious information to make a rational decision, but because they are human and suffer from that peculiar human affliction called ego. Once a position is taken, it must be defended at all costs. It is a prerequisite in this American society of ours to never be wrong. That philosophy and way of approaching life is itself the greatest error one can make--MOO
After having lived in several other countries in the past decade, I find that we(Americans) have an unusually enhanced ability to defend a losing position in the face of all evidence to the contrary. Believe it or not, there seem to be places where ego does not seem to exist; actions are based on conditions not positions. Anyway, I ramble....
Have enjoyed monitoring the conversations here the past few months, and am in awe of the objectivity brought to the conversation by those of you who have been so damaged by the insanity, manipulation, and especially the hype. I am, at this point in my life, a confirmed cynic. You may have seen 'Conspiracy Theory,'(Julia Roberts and Mel Gibson), well, that's me; I see conspiracy where common sense seems to be lacking. Thus, I fully expect some type of media or "association" announcement Monday morning from the Kliener Perkins--I hate to use the term, Keiritsu(in Japan there are often honorable intentions rather than exploitative associated with this term)--association with Amzn. They need to buoy the stock price long enough to cash in and buy legitimate companies. That's the great thing about being emotional: I am willing to make predictions publicly; I am willing to be wrong; I am willing to make mistakes and learn from them.
Thanks again. I value what you and the others present here.
Lee
P.S. Fair market value for Amazon in 2001: $Zero! It won't exist. Too many large mistakes have already been made. |
