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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (4996)	1/22/2001 5:35:42 PM
From: Libbyt	Read Replies (2) \| Respond to of 57684

Great article! I especially liked these statements made by Alberto Vilar.... " First of all, the basic theme we have been espousing here for a couple years is 100% intact, and that is you're seeing the biggest deployment of technology in 40 years, which is the Internet play..... Then I think if we go back and see what's happening now, I'll tell you right now that 101% of all market observers and journalists are going to miss this point. You have huge differences in technology right now........If you just take a back-of-the-envelope guess, in the next three years, probably half of our access to the Internet will be through some remote item. And that whole wireless remote movement is not a desktop PC. So what you're going to see is decelerating trends within yesterday's technology. Then you're going to see accelerating trends within tomorrow's technology. If you really want to make big money on these stocks,you've got to be a big picture guy. And I never met anybody who got very rich on these stocks by trying to guess the trend of business on a quarterly basis. ... I think equities mean growth. If you want income, go buy a bond. If you want cash income, go put it in the bank. So I think all equity portfolios should have a growth bias. .... if you want to project your holdings in the next five years, and you're not in this space, you're going to be left behind. So I think you have several dynamics here; your definition of conservatism in technology and mine are two different things."