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To: Eric Wells who wrote (88244)12/21/1999 6:02:00 PM
From: Tom Kearney  Read Replies (2) | Respond to of 164684
 
Eric - When I quit my day job, which will be soon, a significant amount of my newly freed time will be spent to learn a new discipline - I always wanted to study mechanical engineering, comparitive literature or the history of religion. In fact, I could do it now, but I have people at work relying on me, and I'm going to ease them into this change.

Being sucessful in the market does not make us bad people. If we have character, it could free us up to be even better people.

As always, it depends on who we really are. Yes, it probably allows jerks to be bigger jerks. It can work the other way, too.

Regards,
Tom



To: Eric Wells who wrote (88244)12/21/1999 7:38:00 PM
From: Robert Rose  Read Replies (1) | Respond to of 164684
 
Eric, I understand your cynicism. The bottom line is that these are incredible times and there is no reason not to take advantage of them if one is fortunate enough to do so. The good news is that these times may last for years. If there is no new revolution after the internet, I will be surprised. Throughout history, there have been seismic shifts: the printing press, the railroad, the pc, etc. Of course we are very fortunate to be participating in this one.

I am finding myself contributing to charities as I have never done before. Is that such a bad thing?



To: Eric Wells who wrote (88244)12/21/1999 8:21:00 PM
From: Olu Emuleomo  Respond to of 164684
 
>>TA has replaced FA - and isn't TA just charting what everyone else is doing?<<

That's the new economy!

>>>think about students of other disciplines -
engineering, medicine, law, etc.<<<


Well, if students dont study engineering, who will create the companies we trade everyday? After all, we still need engineers at QCOM!

>>>>And every day when we make YHOO
go up 36, or CMGI up 48, or ICGE up 40, or CMRC up 57, or QCOM up 30, the
market becomes more and more beautiful.<<<


Yes, but we know how it will end. We have seen this movie about 3 times now.
I am willing to bet you that CMGI will be lower than where it is right now before the end of April 2000.
Maybe even 30% lower!!

Merry Xmas. If 2000 is 1/2 as good as 99, many guys on this thread will be millionaires :-))

--Olu E.



To: Eric Wells who wrote (88244)12/21/1999 10:32:00 PM
From: Derrick P.  Respond to of 164684
 
And forget about students, think about all the other average folk in the world who go to their jobs every day and just get by - they must be thinking to themselves "If only I bought ICGE, CMRC or QCOM - heck, I'm going to rise above the average and do it now - I'm tired of being average and poor."
As one that fits in this category, I may have some observations that expound on this. I've spent a lot of time working on investing. There has been a lot of effort and hard knocks. This is something I have been diligently seeking for years. Of all the people that I have shared with about investing, none have seriously taken it up. For most it just is not part of their paradigm of life.

These are unusual times and certainly the money we are making (if we keep it) does not seem proportional to the efforts. Life is like that, many are born into wealth and power or obtain it by being in the right place at the right time (luck). ('Life is like a box of chocolates...')

Fundamentally we are performing a service by providing money to those with the greatest talents for using it to produce goods and services in the economy. With my company, Tyco, the fall in their stock price will seriously hamper their ability to buy other companies, restructure them, and make them more efficient and competitive. We accept the risk associated with this service and deserve some reward.

I personally would like to extend my heartfelt thanks to many on this thread for providing information that helped me make this a very financially successful year.

Merry Christmas