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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (26279)	4/14/2000 6:24:00 PM
From: KeepItSimple	Respond to of 42523

>but this guy deserves to be obliterated! Imagine if a clown went on TV aand said "Guys, this is so funny.. I killed a guy a while back.. But the statute of limitations just ran out yesterday. God Bless our legal system!" Does that clown deserve it any less than this guy? ------------- In the mania chronicles. . . A reader sent me this amazing quote describing a former dead-fish's approach to analyzing Internet stocks. It appeared in the May 2000 issue of Red Herring magazine, and was taken from a speech by Keith Benjamin, formerly of Robertson Stephens but now in venture capital at Highland Capital Partners: "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."