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To: Jacques Newey who wrote (1285)1/1/2000 2:23:00 AM
From: Charles Tutt  Read Replies (1) | Respond to of 1652
 
Even if reversion to the mean is not a myth, the mean can change.



To: Jacques Newey who wrote (1285)1/1/2000 9:07:00 AM
From: Benkea  Respond to of 1652
 
Jacques:

"Any idea how looooong before it can't continue? ;-)"

We have exceeded just about all measures of lunacy in the previous major tops, so at this point who knows? Speculating on the speculative is not an exercise in logic.

"I believe you are right. In the recent Fortune magazine, Buffett did a splendid job of articulating this point. Did you read it?"

Yes, and so did Bogle's book.

Happy New Year.


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