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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (9677)	11/4/1999 9:19:00 PM
From: MrGreenJeans	Read Replies (2) \| Respond to of 15132

Brinker Recommendation I just purchased this book per Bob Brinker's recommendation: amazon.com have not read it fully yet but have read chapters here and there. A well written book which all should read. A careful reading between the parallels of the 1920's and the 1990's is particularly well written, topical, and will keep you on the edge of your seat (should I get up and call my broker and sell all my stocks or should I sit here and try to finish the chapter and try to stay calm?) The author makes an interesting comparison between the advice of Irving Fischer and that of Abbey Joseph Cohen as well as other comparisons that most will ignore but the wise will heed. Well worth the money. A good read. Wally, Justa, Marc, this book is a must read for you and anyone else who treats investing as the business that it is as most posters here do.

To: Wally Mastroly who wrote (9677)	11/4/1999 10:26:00 PM
From: Lars	Read Replies (1) \| Respond to of 15132

Wally, >>> Lars, .."Buy first, worry later....." >>> Great link. I don't doubt the premise of the article at all. The wealth effect is very misleading. I will have to dig it out sometime but I have this article detailing the specifics of boomer wealth. As far as the boomers cashing out in 10 years according to Dent. I doubt it. Then what will they do when they are already underfunded for retirement. Buy bonds? I think the boomers will be working a helluva long time in many cases and keeping a good portion of financial assets in the market. If anything I think they will sell their homes. That is where a large part of them will have their net worth, from buying too much house.