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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: DaYooper who wrote (63848)	7/2/1999 10:48:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Da (my favorite word from a Russian honey <g>), Here are answers to your questions not necessarily in the order they were asked: 1. I have no idea what draws folks to this thead. My gut feeling is that you can discuss anything here without net nazis telling you to get back on topic. 2. I wrote all the posts attributed to me on this and other threads. I read those addressed to me, except from a few Jackasses who get an automatic ignore/delete response. BTW, I don't ignore folks who disagree with me. Just those who think civility is the smallest Honda. <g> 3. I've put my bio up here a few times, but can't remember where. Here is a nutshell: Started investing while in the Army in 1966-1967, turned pro as a Technology Analyst at Waddell & Reed in 1979, managed and traded dividend capture and other exotic moneys at The St. Paul Companies 1981-1983, managed an equity/options/futures portfolio for a hedge fund in Dallas 1983-1984, created and managed and traded one of the world's largest mutual funds at American Capital in Houston, 1984-1988. Since then, I have mostly been managing my own money, though I still have a small Maximum Income partnership (no new money being accepted) that provides some extra horseracing money. In and around these dates I did time at Wharton, wrestled for money, worked for DOD in Europe, and served in the Army as a Russian linguist. 4. Investment philosophy is simple. Buy what is undervalued, whether stocks, futures, bonds or whatever. Buy puts in a 90/10 on overpriced fluff. For 90/10, see talk.techstocks.com. Always be aware of ways of lowering risk/increasing returns. Work harder to find the truth of a situation than Wall Street or the herd that follows them. 5. The Internet is extraordinarily overhyped. Though it is a great development, 90% of the companies will go bellyup in time. I especially hate the profitless E-Commerce cos and the ISPs. That being said, a lot of folks are eager to fail on the Net, so the sellers of some software, some chips, some security services, etc. are going to do great. The gun runners are also overpriced, but at least they have real businesses and that is where I look for possible buys. The rest should only be played as one would play a gamble of any sort, with a low risk/high return technique.