Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Y2k_fan who wrote (3256)	10/1/1998 9:39:00 PM
From: Bill Wexler	Read Replies (1) of 4634

<<Why own stocks?>> Wrong. The question should be why own stocks in frauds like ZITL and CCSI. Equities provide superior returns over the long term The arguments about how the stock market has had decade of twenty year long stretches of underperformance does not really mean much if you don't make the mistakes of overdiversification and stick to a disciplined approach of buying high-quality enterprises with reliable earnings streams. <<I think that you are making a costly mistake>> TokyoMex, momentum gamblers and ZITL loonies make costly mistakes. <<I bet that you have never been to Asia before.>> You lose. I've been to Asia many times. Remember what I said about buying high-quality companies with relaible earnings streams? Check out Sony's (NYSE: SNE) long-term performance relative to the most gruesome equities bear market in recent history. Even the better cyclicals such as Honda have done relatively well.

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