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To: Evolution who wrote (71188)	8/18/2000 7:36:21 PM
From: isopatch	Read Replies (4) \| Respond to of 95453

That was the idea, Evolution<G>. Now for some OT follow-up: A healthy sense of humor is absolutely the key to surviving beyond your first few years either as a broker or a professional investor. Dante had the right perspective when he titled his famous trilogy, The Divine Comedy<g>. Trust me, it's a game where the stress will eat you alive otherwise. Have seen that happen to a lot of very smart, talented people. If the poor buggers didn't end up inside the bottle or snorting line after line of cocaine, they'd be tom cat'in around town till their peckers fell off. Anything to escape the stress. Now as a disclaimer, will admit before I say any more that my approach to investing a bit extreme and certainly very unconventional. IMHO, all you have to do is realize that 99% of everything in the financial media, as well as publicly expressed opinions from W.S. is a complete hoot! It's a giant smoke screen for the real game of W.S. which is to serve themselves 1st and secondarily the key corporate insiders who are W.S. real clients, NOT the public. After realizing that you begin to see investment publications, the media talking heads and Wall Street "sell side" analysts as propaganda conduits to encourage you to buy at the tops and sell at the bottoms while the brokerage firms' in house capital and their corporate insider clients were just waiting to lighten you wallets. Disinformation in communist countries is concentrated in the political life of those nations. In capitalist nations the propaganda is economic as much or more than it is political. Analysts are NOT stupid or idiots as some folks on this thread seem to think. They are paid a lot of money to con you into making the wrong decisions at key market turning points. And they real fooler is that many of the rec in between are correct so that they can capture your trust. Then you are set for the sting<g>. This is not to say there is any manner of conspiracy at work here. It's just the way the investment business has always operated as far back as you wish to trace it. So, I decided years ago to concentrate on learning to read the tape. Once that began to come together, I started achieving serious %age gains on some good stocks and have a lot of fun laughing at the rest of it. An unexpected dividend was that my approach freed up tons of time to spend on hobbies and with my family. It's a much more balanced and enjoyable lifestyle. But sure wish I'd had the smarts and/or luck to figure it out right out of college, lol. Had to pay a lot of dues to learn this game. And it will NEVER be EASY! Isopatch