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To: RocketMan who wrote (48851)	5/1/2000 8:55:00 PM
From: Benkea	Respond to of 99985

NDX (this caused me to sell 1/2): securitytrader.com CRB (inflation - ie: up is NOT good): securitytrader.com financials: securitytrader.com

To: RocketMan who wrote (48851)	5/1/2000 10:02:00 PM
From: Benkea	Respond to of 99985

Rocket: "Problem is, not many investors actually buy companies, they just buy its stock, and so its value is whatever someone else will pay for it, no more, no less. Greater fool theory. Nothing wrong with that when the market goes up, there are a lot of rich fools out there. Buffet, OTOH, was smart in what he did, but lately he has been a poor fool <g>" I agree 100%. It is ignorant for value investors to sit back and say "you're an idiot" for mo investing when their results are swamping value. Investing methods run in cycles. The difference in my mind is that the value guy usually doesn't permanently lose capital when cycles change, unlike the mo guy. I try to do a blend of the two, but it is tough. One way is to use value methodologies in terms of determining buy and sell points, but making sure to take profits. Another is the utilization of TA (mainly support/resistance points) to mo a small % of assets. It really isn't fair to compare mo to value using Buffett as the value benchmark. No one has ever before and probably never will after Buffett produce a 48 year 26% compounding record (and counting). Truth is the guy is not representative of value per se. He is a sixth sigma deal. They broke the mold on him.