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Politics : Ask Michael Burke

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To: Ilaine who wrote (37217)11/22/1998 5:31:00 AM
From: accountclosed  Read Replies (1) of 132070
 
Coby,

As I commented extensively about a month ago, "Everything is in the Portfolio". Some of us have large financial exposures in areas other than the public markets that aren't worn on our sleeves every day. I would say don't judge unless you know the entire picture.

I think it is really silly the way some people assume that others haven't "made it" if they haven't followed the equation that they espouse. Paul Engel comes in here raiding saying everyone is in poverty because they don't agree with him on a single stock. The world of investment opportunities is huge.

My comment that you are responding to is in the nature of a keep the chin up guys. Investing should be a lifetime pursuit. It is important not to believe one's own hype because a short period goes one's way or against. My annual market return is over 40% in each of the last four years. Have I been right? No. Can I rest on my laurels? No. Are others stupid for not listening to me? No. In fact I think the times to most closely question whether one's course is the right course is when one is feeling good about some success. How about the Green Bay Packers at the end of the first quarter of the Super Bowl last year? Anyone was an idiot who didn't bet on them??
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