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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bob Rudd who wrote (9109)	12/2/1999 11:18:00 PM
From: Madharry	Read Replies (1) \| Respond to of 78594

That may be what Abby said but I don;t agree. The reason that US stocks are popular is because the risk of expropriation is nil, there is liberal financing for stock speculation and a well organized structure in place to encourage investment in US securities. Furthermore many large caps in other countries have either minority or majority government controlled stakes, which may prevent them from acting in the best interests of their shareholders. Yes problems sometimes can be ferreted out from intense scrutiny of the financials and supplementary information but this is beyond the grasp of all but the most sophisticated and resourceful investors. That is far from being a fair game in my book. How many people are familiar with pooling of interest accounting and the impact of amortization of intangibles, or how changes in reserve policy impacts on earnings and yet there is such flexibility in these matters.

To: Bob Rudd who wrote (9109)	12/3/1999 12:47:00 PM
From: Freedom Fighter	Read Replies (3) \| Respond to of 78594

Bob, Abby has made herself rich and famous rationalizing and promoting this "bubble" bull market over the years. She has a lot interesting things to say, unfortunately she is so wildly one-sided in her interpretations of past, present, and future issues that it's real hard to take her seriously. She's a promoter in my view, not a analyst trying to make serious long term value judgments. How about this more balanced point of view? I am willing to pay a price for US companies that is appropriate given the earnings, ROE, balance sheet, footnote disclosures etc... that are presented. I am willing to pay less for the appearance of the same in countries where the information is incomplete or less trustworthy. Wayne