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To: mauser96 who wrote (16110)	1/23/2000 9:44:00 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 54805

>> "You only have to get rich once. Why do very bright people risk losing something that's very important to them to gain something that's totally unimportant" You are learned and wise, LL. Many thanks for contributing Mr. Buffett's quote. I think it sums up the case for diversification once you hit your personal Fat Lady Index. I'm currently down to 61% Q, but haven't weakened my earnings potential since I used Roth's Stock Substitution Therapy and replaced shares of Q with exactly the same number of DIM LEAPS. It's very much like having your cake and eating it too! I'm taking great satisfaction in my positions in ntap, csco, gmst, qqq, and sebl, plus I hold a significant amount of cash which I will use during dips. Those of us who have retired to full time investing may reasonably hold to a different standard of allocation. uf

To: mauser96 who wrote (16110)	1/24/2000 9:30:00 AM
From: LindyBill	Read Replies (1) \| Respond to of 54805

Warren Buffett on risk and the marginal utility of more money Old Warren just took some investors to the cleaners out here on a short term play. I don't have the name of the local tech co in front of me, but the President of the company reported a few weeks ago that Warren had bought in to the company. This ran the stock up about 50%, and last week the company reported that old Warren had sold out. The stock promptly dropped back to where it had been. Turns out old Warren had been investing with his own money, not Berkshire's! Those investors got what they deserved, IMO.