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

To: mitch-c who wrote (44838)	3/30/2001 4:20:55 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

Mitch, I looked up institutional holdings for a few stocks... SLB 67% AMAT 62 JNJ 57 CSCO 56 KO 53 GE 51 INTC 46 MSFT 42 LU 31

To: mitch-c who wrote (44838)	3/30/2001 8:59:20 PM
From: Jacob Snyder	Respond to of 70976

Right. Investor A bought a stock at 10, and sold it at 15 a month later. The stock peaked at 15.1, and was de-listed later that year. Investor B bought a (different) stock at 10, and sold it at 15 a month later. The stock continued upward, and hit 100 later that year. Investor A almost certainly feels a lot better about his investing success than Investor B does. But, objectively, their results are identical. The money you left on the table doesn't make you poorer. It's whatever you took off the table that makes you richer. JS@butthat'snotthewayitfeels.pov