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

To: Don Lloyd who wrote (66182)	8/13/1999 2:21:00 PM
From: Tommaso	Respond to of 132070

>>The next time a supermarket bagboy gives you a stock tip, don't dismiss it out of hand.<< Both Buffet and Templeton almost always tell the public exactly what they are doing. For example, Templeton announced he was going into the Korean market via the Matthews Fund, so I did, too. Then when my money had doubled I got out. The fund has redoubled since then. I never do learn to stick with smart people. I cannot understand my own stupidity in failing to do over the years just exactly everything Templeton has done. He is right two-thirds of the time, and sometimes I have caught the wrong third and then decided I could have done better thinking for myself. That has nearly always been wrong and has reduced me to about a 9/16 success rate instead of 2/3. I am now banking heavily on Templeton's prediction of a 40% decline in the Dow. That ought to mean up to 65% on the NASDAQ 100 and up to 90% for most Internets. I also find myself lined up almost exactly with Fleckenstein--not from having listened to him, but from having done things on my own that resulted from parallel reasoning. Now we will see who is right. THings don't look very good today for us ursa types.