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To: BelowTheCrowd who wrote (1330)	1/7/2000 10:56:00 PM
From: MAELING	Read Replies (1) \| Respond to of 1354

Pass the Mayo, Robert. If your only contributions to a stockmarket investment discussion are a few HTML tags bracketing others posts, you have nothing to offer. I've found that real investors "steal" liberally from one another. The mere fact that a stock pick goes up or down over the shortrun is immaterial. Accepted securities theory says that random walk best describes the market. You shouldn't be able to outperform the averages without being able to corral anomalies. O'Shaughnessy demonstrates quite well that some methodologies can indeed outperform the averages. Fisher first publicized such a concept in tech stocks using the PS metric. Buffett dismisses his own methodology in Techs because he cannot look out 10 years. I honestly don't know if Murphy has added anything unique and/or durable to the investment landscape. My sense is that he starts with a top down screen, follows with a superficial bottom up check, and laces things with pixie dust. But hey, if it amuses his readership, so be it. Maeling