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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Lester e. who wrote (37471)	9/26/2000 4:01:14 PM
From: Proud_Infidel	Respond to of 70976

Lester, Re:I'm the big boob and FOOL THAT I AM. I think I am King of the Boob/Fool Club. I too am holding all of my AMAT shares and will continue to do so as long as there is a need for chips. BTW, I found an excellent quote from Buffet which could pertain to anyone holding AMAT through this painful downswing. Buffett wrote in his 1996 annual report that "inactivity strikes us as intelligent behavior. Neither we nor most business managers would dream of feverishly trading highly profitable subsidiaries because a small move in the Federal Reserve's discount rate was predicted or because some Wall Street pundit had reversed his view on the market. Why, then, should we behave differently with our minority positions in wonderful businesses?" He could have added why sell a position simply because Wall Street reversed its view on AMAT, if the overall demand for IC's remained unchanged? BK