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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.88

-0.8%

Nov 17 3:59 PM EST

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To: Robert Rose who wrote (57981)	5/23/1999 1:38:00 PM
From: John Donahoe	Read Replies (2) of 164684

RE: to make out ahead by selling at the top and buying at the botton, I would only have 5% leeway at the top and the same at the bottom, and then I would just be breaking even. I admit to not being that good <g>. For long term wealth creation you are absolutely right. But if you are a super market timer it is possible (but improbable) to become a billionaire. Buffet is a classic buy and hold investor who built his fortune over time with a long term perspective. Jesse Livermore, OTH, made and lost fortunes several times and died broke. Go to Lessons from Livermore: businessweek.com Snippet: "Jesse had gone bankrupt at least three times before the 1929 crash. He put his last chips in during the early 1930s and was wiped out. He flitted around Wall Street for another ten years, trying to scare up another stake. Finally, near the wolf point, he tried to recoup by selling a book of his insights. When that failed too, he gave up, penned an eight-page suicide letter at the Sherry-Netherland Hotel, and blew his brains out in the hatcheck room in 1940."

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