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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (72809)	1/4/2000 3:11:00 PM
From: Mike M2	Read Replies (2) \| Respond to of 132070

Wayne, let me tell you a story of TL & EV in real estate In Bridgeport, Ct condos that sold for 100- 110,000 in 1986-7 now sell for the low 30s now. ho ho ho. 3 family homes that sold quickly for $275k + perhaps go for $150-80 depending on the area. In the good areas of Fairfield County homes prices seem to be at record highs but the bad areas never recovered from the economic violence of the late 80s early 90s when job cuts in defense, banking, insurance,construction were rampant. Many well established big contractors in the business for generations went under. Is something wrong with my TV the market is down? -g- Mike

To: Freedom Fighter who wrote (72809)	1/5/2000 3:37:00 PM
From: BGR	Read Replies (1) \| Respond to of 132070

Wayne, Undervalued is a temporal concept. Of course no one can see the future. Including value investors, though they always pretend to. IMHO, at any point in time, something is undervalued if there are more buyers than sellers. BTW, I never claimed that market fluctuations create geniuses, so why put words in my mouth? Anyway, to sum it up, you do not know what value is, but you are pretty sure that when it comes to measuring value your gut feeling is better than the next person's. Well, OK. That's not something one can rationally debate about. So I won't. -BGR.