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To: KeepItSimple who wrote (100723)4/14/2000 2:32:00 PM
From: Sam Citron  Respond to of 164684
 
"You take ridiculously priced currency, that has a ludicrous multiple of revenues. . . Let's get real, I mean I used to actually have to argue for a living and justify these valuations. Now, I think I did a pretty good job of fooling at least some of you in the audience, but OK, today I can step back and say there's no way I could have ever really justified any of the valuations, particularly of the larger companies. . . What can I say? God Bless America and the capitalist system."

Keith Benjamin
siliconinvestor.com

KIS,

Thanks for the reference. Surprisingly candid of Keith to say so. Interesting choice of words: he felt he had to justify the valuations because it was expected or demanded of him, instead of exercising integrity and honest independent analysis. Confirms the worst of what I've always felt about the charade of sell-side analysis.

Sam