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

To: Paul Senior who wrote (9200)	12/8/1999 11:54:00 PM
From: peter michaelson	Read Replies (1) \| Respond to of 78625

Paul: I couldn't help making special note of your insightful and potentially very important point. Discouraged because it seems to trivialize the nature of the work, save, invest cycle that I've followed for so many years. That could be a severe social problem in the future. I wonder if it was a factor in the Great Depression. Thanks for the insight. Peter

To: Paul Senior who wrote (9200)	12/9/1999 1:44:00 AM
From: Michael Burry	Respond to of 78625

Which is embarrassing to me since, unlike most of you guys, I've been a player a lot longer. Actually, I'd take that as an excuse. I'm waiting for my future kids to ask me, "Wait a sec, dad. You were a twentysomething living in Silicon Valley in the 90's and considered somewhat knowledgeable about investing and I'm driving your old '99 Dodge pickup? What gives?" I can't wait to try to explain that I was actually trying to be wiser than the market. Good investing, Mike

To: Paul Senior who wrote (9200)	12/9/1999 9:59:00 AM
From: Grommit	Read Replies (1) \| Respond to of 78625

Good post. A prayer or two... As a fromer crap player and gambler, I can relate. I've even had a day where I've turned $100 into a couple of thouand. Fortunately, I've funded my craps adventures with backgammon winnnings. Anyway, if you do not know the gambler's prayer, here it is: "Oh God, please let me break even today, because I need the money." :o) .... Frustrating to go the the health club and hear the nincompoops on each side of me talk about how wonderful their internet stocks are doing. We cannot carry on a conversation due to their complete lack of knowledge. They can perhaps repeat something they might have read describing how wonderful internet stocks are, and how they future is on the net, but that's it. I get very jealous, as I'm sure you all do too. I wish I was not so highly trained as to be afraid of following the crowd. People are clearly speculating and winning. Very frightening. Dear God, plese let me relive the last 12 months, and take away my rationality so that I can make wonderful investments. (Bring me back as a woman? (some might chauvinistically joke)).