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Technology Stocks : Bolt, Beranek & Newman [BBN]

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To: Judy Muldawer who wrote (117)2/11/1997 10:14:00 PM
From: RRR55   of 307
 
Judy,

Herein lies the problem: We are both talking about an investment using
the word 'hope'. Yes, BBN might, or will probably, be a great stock at
some point in our lives--in reality, over the past few years our dollar investment would have been better in a pass-book account.

Sound investment philosophy does not include 'hope'. Graham and Dodd
(1934) do not mention 'hope' as a reason for buying a common stock--
I think we missed the boat when we weren't sellers in the 40's...

Roy
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