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To: tmcarroll who wrote (8246)12/21/1999 11:08:00 AM
From: Professor Dotcomm  Respond to of 9798
 
Depends on how long term you get. Warren Buffet has certainly got into a medium term bind on Coca Cola. Talking about long term, I remember one of my early investment text books made the observation that 25 of the top 50 US stocks were not around 35 years later. Will our grandchildren still be drinking Coca Cola or be shaving with Gillette razors? Or will there be other kinds of soft drinks or electronic depilators?

Long term scares me almost as much as new breed Internet stocks and fundamentals should only be valid for a maximum of 5 years at a time before extending them.