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To: Don Green who wrote (23050)	6/21/1999 12:55:00 AM
From: Don Green	Respond to of 93625

mom-and-pop investor Here is something I came across on the net from marc faber: mom-and-pop investor. Their Ten Commandments go something like this: 1. Everything comes to the patient investor. 2. The best way to make money is to buy blue chips and then forget about them for a long time. 3. In the long run, stock prices always go up faster than other investments. 4. You can never lose money in real estate, as long as you are willing to wait long enough. 5. Buy a commodity and sit on it. 6. Buy real estate and sit on it. 7. Buy a Ming vase and sit on it (but only metaphorically). 8. If you wait long enough, an untraded position on the S&P will do better than the most vigorously traded mixed portfolio. 9. The best retirement fund is a nice chunk of real estate. 10. Patience is a virtue, so wait at least a week between buying and selling. Such-,have been the mantras of the Little Guy for at least a couple of decades, and he or she has been encouraged in these views by generation after generation of well-meaning financial advisors. The advice is inspiring, comforting-and often completely wrong. Faber is completely convinced he is right about this. regards don