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To: Wizard who wrote (95143)	2/28/2000 5:52:00 PM
From: Bill Harmond	Read Replies (9) \| Respond to of 164684

Well said!

To: Wizard who wrote (95143)	2/28/2000 6:23:00 PM
From: Bearded One	Read Replies (2) \| Respond to of 164684

Wal-Mart is profitable with their 6 percent margins. Amazing how not having to ship every single thing that you sell helps you make profits on lower margins. Or do you really think that mail-order is a more profitable way of doing things than opening up a store? has extremely bright people on its side (Bezos, John Doerr, Joe Galli etc...). Shorting great management teams One of my criteria for selecting shorts is monitoring chat boards. When people start talking about how smart the leadership of a company is, it's usually a signal that the company is going to have problems. And yes, guaranteed bankruptcy. Losing piles and piles of money every quarter leads to bankruptcy as soon as the investors wise up and stop lending/giving. It's that simple. Anyway, I've done perfectly fine in my investing, despite my frame of mind as you put it.