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To: Sarmad Y. Hermiz who wrote (124125)	4/25/2001 12:17:47 PM
From: H James Morris	Respond to of 164684

>It used to be an exclusive club Yep, I remember when the 'exclusive club' was paying over $200ps for Yhoo. >Now even the riffraff are allowed in. ANd I don't mean you, HJ. The skill was knowing when to get out of the 'exclusive club' before social security became the only life line.

To: Sarmad Y. Hermiz who wrote (124125)	4/25/2001 1:09:40 PM
From: H James Morris	Read Replies (4) \| Respond to of 164684

Sarmad, I hope Adct works out for you. Fowler was pumping it in the 40's. Oh, here's another Fowler/Harmond recent post. You must admit these 2 are quite a trip? >To:Mark Fowler who wrote (6611) From: William Harmond Wednesday, Apr 25, 2001 12:26 AM View Replies (3) \| Respond to of 6620 Never since our fateful dinner have been better set for buy and hold to work. It's quite a road to this point, and I've hated the relentless drawdown, which I think discounted failing business models for even the best franchises. The point for me now is to stay focused on my long-term expectation for each company.