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Politics : Ask Michael Burke

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To: Mary Cluney who wrote (38310)12/5/1998 9:14:00 PM
From: accountclosed  Read Replies (2) of 132070
 
I'm not from the "valuation is a zero time game" school. I still believe in the fact that markets serve real purpose. That companies access public capital, and that equity capital is vital to our economy. If companies did not distribute risk to the public, many worthy investments would not be made. Also that stocks can grow in value if underlying profits grow and balance sheets are bolstered.
Even in this bubble, that underlying process is still there, although it is pretty easy to lose sight of.

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