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Politics : Ask Michael Burke
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To: Fred B. who wrote (60102)5/21/1999 9:34:00 AM
From: Freedom Fighter  Read Replies (1) of 132070
 
Fred,

>>Also, it is a fallacy to believe that none of these bulls will be able to make money in a bear market.<<

My only comment is that I don't think they really understand why they have been right. They think (say?) it has something to do with the values. If they do make money during a bear market they won't truly understand why we are having it.

I think that's an important distinction that over a lifetime of investing (as opposed to a few of years) will make a difference in your returns. You just can't measure investing ability and understanding by a 2-3 year time frame.

If you've followed my other posts you know that I often talk about my 90 year old grandmother that plays horses. She has picked numerous winners in her life and gone on big winning streaks without ever understanding why she won. I don't think she would claim to be an excellent handicapper. But as I've stated before she makes a mean Lasagna <g>

Wayne
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