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Technology Stocks : LSI Corporation

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To: sea_biscuit who wrote (17767)4/7/1999 4:32:00 PM
From: uu  Read Replies (2) of 25814
 
Dipy,

While I can see your point, one thing you are missing is the fact that over the long run a portfolio consisting of even the riskiest stocks (by your own standards) would have had a much much higher returns as Jock pointed out.

There was a program I saw last night on PBS which talked about oracle of omaha and how he has been staying away from the tech sector. Indeed he has been doing nicely with his Cokes, Gilletes and McDonnalds of the world. Sure, people will always shave and therefore Gillette will never go out of business. In fact as the population grows I expect for Gillette to grow with it. This is 2*2=4 and does not take a rocket scientist to figure that one out. However, as technology grows with the population the returns on a stock such as LSI will in my humble opinion be much much greater than that of Gillette. And yes Oracle of Omaha might die of heart attack due to rapid and wild price fluctuations, but if one has a strong stomach, heart and patience the end results will justify the pain!

Regards,

Addi Jamshidi
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