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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Allan Harris who wrote (5603)6/4/1999 2:48:00 PM
From: Carl R.  Read Replies (1) of 15132
 
Allan, just so long as you realize that most internet stocks will turn out to be worthless someday, and realize the risks you are taking, I have no problem. As you are no doubt aware there were probably 1-200 different auto makers in the 20's, and investments in a few of them would have been richly rewarded, while investments in most of the others would have ended up worthless. While I haven't done a comparison, I suspect that rather than buying 100 shares of each in 1926, a better strategy would have been to wait 10-20 years until after the losers had been flushed out of the market, and then investing in the winners.

Carl
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