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To: Ilaine who wrote (85277)	2/2/2001 1:15:18 PM
From: accountclosed	Read Replies (1) \| Respond to of 86076

ummm. i think maybe the two views can be reconciled. but first of all, i wasn't trying to tell people go long or be wrong. i was trying to say, don't make a determination of where the market is heading and then only find evidence to support that direction. then further don't whine about counter evidence as being fraudulent, tainted, etc. in other words, the logical flow is: 1. gather information first 2. make market determinations second 3. adjust portfolio accordingly third. not 1. make market determination 2. ignore counter information 3. say we're doomed 4. fail to adjust portfolio. === but anyway, back to the reconciliation that i see of the two views. 1. the clown guys are traders. in other words, where is the market headed in short periods of time. for them it is critical to gather the evidence and act on it as far as direction, indicators, psychology, etc. 2. the view you are tapping into when mb etc. advocate value is that in the long run, it matters what you buy and what you pay for something. look at qqq, and value folks will tell you it did matter over the last year. === but the most critical thing, i think, is knowing yourself. knowing what money you've got allocated to what strategy. knowing what you can afford to risk. knowing what you're good at and doing that. sticking to a discipline. Message 15162550 so it might be right to buy csco pursuing one of one's disciplines and right to sell csco at the same time in another discipline. like an income portfolio and a cap gains portfolio. most folks however, are not as nimble as mb in being able to segregate funds into separate objectives and stick to several different strategies at the same time. so first one has to pick their strategy and strength. i think just a "buy, sell, hold" recommendation is foolish because it lacks perspective. for most of my money, most of the time, i prefer a value style and am willing to wait out very long periods of less than stellar performance. if i could beat the game by jumping on dot.com's etc. and was confident i was good at it, i would do it. in some measure it depends on whether one is eager to build wealth or more eager to preserve capital. i preserve capital first.