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To: Joseph Beltran who wrote (30270)	4/30/2000 6:52:00 PM
From: KeepItSimple	Respond to of 42523

>How can one not understand technology but be an expert in its valuation? Because no matter how wonderful and amazing and new and fresh at tech company may be, it is still a company. A publicly traded company, in the point of this discussion. And any company can be valued in a rational way. I bet he doesnt know much about the flower industry, but he could understand the balances on their books. If Joe Blow opened a flower stand and somehow went public with only fifty thousand dollars of revenue in its entire existence, and "the market" gave it a valuation of 20 billion dollars on the day of its IPO, I bet buffett would refuse to invest in that as well. "Monetizing shareholder ignorance." Man, that's such a great phrase that I think we should change the name of the clown thread.