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To: DaYooper who wrote (55361)	12/21/1999 12:12:00 PM
From: dwayanu	Read Replies (1) \| Respond to of 152472

DaYooper: > But I think the real question 'at large' is whether valuation models will some day revert back to the mean. And, in the long run, simply altering investors' greed and fear expectations will not support new metrics. Agreed. We havn't repealed the Law of Gravity. But, for say the next 5 to 15 years, traditional value pricing will continue to be overwhelmed by the brute force thrust of overall technology growth, and technology stocks will be the place to be. Our goal is to take advantage of this market and be wealthy before growth slowdown appears on the investment horizon. Railroads from about 1850-1920 is a fine historical model, as they changed the face of America. Railroads and associated services grew to about 12% of GDP. Tech is about 6% of GDP, and I think the tech revolution will be deeper and more pervasive than railroads, perhaps over 25-50 years approaching the impact of the Industrial Revolution. Like railroads, someday traditional stock valuation will dominate the pricing of tech stocks. But I expect to be long gone by then, laughing all the way to the bank. - Dway