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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?


To: Charles Tutt who wrote (45022)9/6/2001 12:27:45 PM
From: Zoro  Read Replies (1) | Respond to of 64865
 
why take any money still stashed safely in the mattress and risk it in this environment?



To: Charles Tutt who wrote (45022)9/6/2001 1:14:00 PM
From: techtonicbull  Read Replies (1) | Respond to of 64865
 
Yes but when SUNW turns around it will rise rapidly and be at levels that you could "kick" yourself that you didn't take advantage of.



To: Charles Tutt who wrote (45022)9/6/2001 2:21:35 PM
From: JDN  Read Replies (1) | Respond to of 64865
 
Dear Charles and all: I just read this post over on the EMC thread and found it delightful. In case any of you missed it I am putting it here too. JDN

From: Jacob Snyder Thursday, Sep 6, 2001 12:58 PM
View Replies (1) | Respond to of 13106

Buffett on market fluctuations:
"Ben Graham, my friend and teacher, long ago described the mental attitude toward market fluctuations that I believe to be most conducive to investment success. He said that you should imagine market quotations as coming from a remarkably accommodating fellow named Mr. Market who is your partner in a private business. Without fail, Mr. Market appears daily and names a price at which he will either buy your interest or sell you his.

Even though the business that the two of you own may have economic characteristics that are stable, Mr. Market's quotations will be anything but. For, sad to say, the poor fellow has incurable emotional problems. At times he feels euphoric and can see only the favorable factors affecting the business. When in that mood, he names a very high buy-sell price because he fears that you will snap up his interest and rob him of imminent gains. At other times he is depressed and can see nothing but trouble ahead for both the business and the world. On these occasions he will name a very low price, since he is terrified that you will unload your interest on him.

Mr. Market has another endearing characteristic: He doesn't mind being ignored. If his quotation is uninteresting to you today, he will be back with a new one tomorrow. Transactions are strictly at your option. Under these conditions, the more manic- depressive his behavior, the better for you.

But, like Cinderella at the ball, you must heed one warning or everything will turn into pumpkins and mice: Mr. Market is there to serve you, not to guide you. It is his pocketbook, not his wisdom, that you will find useful. If he shows up some day in a particularly foolish mood, you are free to either ignore him or to take advantage of him, but it will be disastrous if you fall under his influence.

Indeed, if you aren't certain that you understand and can value your business far better than Mr. Market, you don't belong in the game. As they say in poker, "If you've been in the game 30 minutes and you don't know who the patsy is, you're the patsy.