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Technology Stocks : George Gilder - Forbes ASAP -- Ignore unavailable to you. Want to Upgrade?

To: Robert Scott who wrote (5006)	10/15/2000 3:58:23 PM
From: Bill Fischofer	Read Replies (2) \| Respond to of 5853

Re: Picks All of the picks you mention were made long before GG developed a cult following, and that is precisely my point. By contrast most of the picks over the last year have been disasters for anyone who rushed to buy in the initial stampede. That's not to say these are not good companies or that they do not have promising technology. The problem is that there is no automatic turn-the-crank formula for stock market success. It used to be that one could receive a GTR issue (by mail), read it at leisure and use it as the basis for one's own investing decision making. This is clearly how GG intended the information to be used. Unfortunately success in the newsletter business often contains the seeds of its own failure. What this means is that it is more important than ever for subscribers to exercise care in how they use the information in each issue. The original solicitations for the GTR (I know, because that's how I got started with it) talked about discussing technology trends which would unfold over the next 25 years. The fact that this noble ambition was reduced to a "pick of the month" contest in a little more than three years is illustrative of the culture of immediacy which has characterized the markets in recent years. The successful investor's most important weapon has always been patience but patience seems to be the inevitable first casualty of a bull market.