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To: Jacob Snyder who wrote (75476)	7/6/2000 1:32:41 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 152472

>> If my entire portfolio lost 2/3 of its value, and stayed down for years, it would not change my lifestyle, and I would not have to go back to work. If I couldn't make that statement, then I would reduce my risk as much as necessary, till I could. I'm going to print that out and stick it on my fridge. If one is fortunate enough to accumulate "all they could ever need", they would be incredibly foolish to assume a degree of risk that might drop them below that level. Buffett said something like, I can't believe people would risk something as hard to attain and valuable as wealth just to make money. Please stop by G&K (it's been too long) and make that point again and again and again. uf .