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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 282.49

+8.5%

Feb 6 3:59 PM EST

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To: Z Analyzer who wrote (4574)	9/29/1998 12:09:00 PM
From: Sam	Read Replies (1) of 9256

A useful reminder from John Templeton: Message 5866999 <<“In almost every activity of normal life people try to go where the outlook is best. You look for a job in an industry with a good future, or build a factory where the prospects are best. But my contention is if you're selecting publicly traded investments, you have to do the opposite. You're trying to buy a share at the lowest possible price in relation to what that corporation is worth. And there's only one reason a share goes to a bargain price: Because other people are selling. There is no other reason. “To get a bargain price, you've got to look for where the public is most frightened and pessimistic.” Not many of us are temperamentally equipped to buy into a country where the mobs are in the streets of the currency is collapsing amid runaway inflation. Templeton grants it: The are of successful investment is counterintuitive. The time to buy is when everyone is scared and you are a bit scared yourself.>>

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