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To: Wyätt Gwyön who wrote (6549)8/2/2001 11:54:23 PM
From: TobagoJack  Respond to of 74559
 
Mucho Maas, concise, elegant, poetic, in the finest story telling style. Well done. Certainly worth thinking about. Hats off. Chugs, Jay



To: Wyätt Gwyön who wrote (6549)8/3/2001 12:46:32 AM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 74559
 
superb

so what are you doing presently?

TIA

J



To: Wyätt Gwyön who wrote (6549)8/3/2001 4:38:57 AM
From: elmatador  Respond to of 74559
 
Clap clap for your posting.

I like most when you touch the lack of imagination thing: The world ran out of ideas.

Yours is Post of the Day stuff.



To: Wyätt Gwyön who wrote (6549)8/3/2001 4:31:45 PM
From: sea_biscuit  Respond to of 74559
 
Whenever something is held out as a solution to the vast majority of people, it invariably fails to work. So it is with the current widespread belief in investing in the stock market.



To: Wyätt Gwyön who wrote (6549)8/3/2001 5:49:52 PM
From: Dave  Read Replies (2) | Respond to of 74559
 
Mucho Maas, not to interrupt all of the posters rushing in to pat you on the back, but I have to disagree.

In previous manias, the biggest problem investors faced was TOO MUCH imagination.

In every investment mania, including the 20's and the 90's, but also during the Railway Bubble, Canal Bubble, the and South Seas Bubble, many people invested in pie-in-the-sky concepts with precious little basis in reality. They threw money at Hot Ideas, from wireless Internet refrigerators and streaming video pet monitors, to secret Inca gold mines and pneumatic package delivery networks, and forgot about that ever-so-important detail, Price. The Depressions and recessions that follow Speculative Manias results from the rapid disappearance of the sheer volume of money that is thrown willy-nilly at imaginary business models.

The lack of imagination on the part of investors is overcompensated by the shameless reality-distortion fields generated by the hucksters and con artists who are more than willing to run off with their investment dollars in exchange for telling a Good Yarn.

Dave