Mike, I've reconsidered. I must have some kind of principles, and I need to get rid of them. Even after watching the run-up in AOL, Amazon.com, and all the rest, I don't feel envious, just amazed. I was listening to some money manager on WMAL, the business radio station I listen to in the car, he was explaining to one listener that he has 90% of his portfolios in value stocks and 10% in internet stocks like AOL and Amazon.com because "they are proxies for the internet market." He says he bought AOL when it dipped down in the 70's in October. I did not feel any envy. I guess there is something wrong with me. I should wish that I had bought then, and I don't. I need to make a sign and put it over my computer, "It's not about principles, dummy, it's about money!" What difference does it make if it is overvalued, as long as it keeps going up?
CobaltBlue |
