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Technology Stocks : Intel Corporation (INTC)
INTC 37.51-0.8%Dec 15 3:59 PM EST

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To: Frank Ellis Morris who wrote (14278)3/15/1997 6:58:00 PM
From: Fred Fahmy   of 186894
 
Frank,

Thanks for the kind words. I think so many people are making things hard for themselves by trying to guess each week's moves. I have read many of your posts and understand that we share the same long term strategies. How anyone can argue that companies like MSFT and INTC won't significantly outperform the markets over the foreseeable future is beyond me. It's all really embarrassingly simple isn't it. I once read a great quote which has stuck in my mind. Can't remember the exact words but it was something along the lines of "It doesn't take a lot of brains to make a killing in the market, it takes a lot of patience". Picking companies like INTC and MSFT doesn't require superior intelligence. Anyone with even the most basic understanding of the technology revolution can figure out that these are the two most dominant technology companies on the face of the globe. Indeed, two of the most dominant companies in the history of corporate America. Many people will buy these stocks. Some will panic and sell for small profits or losses. Those with true vision will reap a lifetime of rewards.

Good luck,

FF
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