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To: Ilaine who wrote (88266)	3/31/2001 2:30:16 PM
From: GraceZ	Respond to of 436258

I've avoided stuff he touts for the simple reason that the "Gilder effect" tends to preclude any kind of honest evaluation of the company's stock and or technology. So to a certain degree, I agree with you. I think that the only way you can get a large group of investors involved in reading about technology is if they see some sort of out sized investment gains from it. And for a long time, it was almost a given, if he blessed it, it rose. You had short term traders piggy backing on this, accentuating the effect. Unfortunately this attracted all sorts of people who don't have the proper risk profile investing in extremely risky ventures, who don't have the background to determine for themselves what is of value in these companies. That is a prescription for disaster. I don't think that was his original intention, but he was lead into it by what the crowd was demanding. During the speculative frenzy of the past few years, people were demanding to be given stock picks, to be given the next "fill in the blank". I think everyone who loves technology should always temper their enthusiasm when speaking to naive investors. If nothing else maybe this crash in technology stocks will get the public out of a sector where they really had no business in the first place.