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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (12302)	3/7/2000 2:43:00 PM
From: Kirk ©	Read Replies (1) \| Respond to of 15132

Interesting discussion. Today I feel more lucky than smart, but sometimes buying growth at reasonable valuation pays well as it has for me of late. Here is an interesting story. My brother worked for a large retailer that went bankrupt. He saw his company stock go from $44 to zero. Sort of balances out the luck I had for picking high technology as a career and place to invest in. Anyway, when they split up and sold off pieces of his old company, one piece hired him back after 6 months of unemployment (He lives in the midWest and has no college degree...worked his way up from stock boy to corporate job). The new company has a tiny fraction of staff handing the same amount of business. They invested heavily in computers and software so the buyers and merchandisers could be more efficient and they could manage their inventory better. Good news is they are making money too. How would you say their productivity was increased? Perhaps 300% in a year? Was that measured by the Green Man's favorite indicators? Does Bob chart this? Does anyone even have a clue on how to measure this? The only "measurable part" I can tell is he WAS on unemployment for 6 months AND he went back at a lower salary then his old job was paying. I listen to the Green Man and TRY to be unbiased and I hear him saying he doesn't know how to measure this but it is significant. Anecdotal for sure, but this is what is happening to our economy. It is being ripped apart and set on its head by the advances in technology. Do you think your grand kids will understand how we don't trust car and insurance sales people? To me, the market is just a reflection of this in that it gets ripped apart here, then there, then over there but if you invest in the right stocks and don't over pay... you make money. [exit rant and rave mode]

To: Justa Werkenstiff who wrote (12302)	3/8/2000 8:44:00 AM
From: mr. picker	Read Replies (2) \| Respond to of 15132

I have been reading this thread for over 2 years. Absolutely great discussions. I have listened/admired Bob for many years. Justa, you hit a nerve with this one. >As a footnote, the "new economy" stocks should not include the biotechs as they do not lower corporate costs. Their move is purely speculative. This is not to say they don't have promise. But to run them up 100% in a few days shows the underlying speculation in the high flyers including much of the technology sector.< I couldn't believe your predictions two years ago for the semi-equpment sector and have watched AMAT go from 30 to 180.(I sold at 55). I thought and continue to think that this was very speculative while you have first rate knowledge of this sectors value. My background is the medical field. I have a fair knowledge of Biotechs/Genomics."Some" biotechs are worth every penny of their 100% run up. "Some" are up 1000%YTD and still are a value to me. My point is that what some people call speculation is actually lack of knowledge. Do some DD on the biotech/genomics field and you will see a growth engine that makes the dot.coms look like tonka's.(Biotech's have patents that legalize monopolies.) I will not spam and I'm not trying to irritate. Just adding alittle perspective. thanks for your time. sincerely matt