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To: Robert Rose who wrote (117105)2/7/2001 2:04:30 PM
From: 16yearcycle  Read Replies (2) | Respond to of 164684
 
"Gene, this statement I agree with 100%. But it seems a real departure for you."

Rob, how narrow is your area of vision?

Whatever, right?



To: Robert Rose who wrote (117105)2/7/2001 2:12:09 PM
From: 16yearcycle  Read Replies (1) | Respond to of 164684
 
"even if by some magic you knew the future growth rate of the little darling you just discovered, you do not really know how the market is going to capitalize that growth. Sometimes the market is going to pay 20x earnings for a 30% compounding growth rate, sometimes it is going to pay 60x....it all depends on the psychological climate of the time.....at 100% compounding growth, all rules go out the window."..The Money Game

The above sums it up for me, RR.

I too wish you good luck. The wind is at our back again, but I would expect some pretty rough seas until the liquidity has reurned to the economy.