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

To: Sam Citron who wrote (52366)9/17/2001 2:24:36 PM
From: Ian@SI  Read Replies (1) | Respond to of 70976
 
2 factors may well be:

1. Secular growth above that of the general economy;
2. Excess profits generated through innovation rather than exploitation.

++++++++++++++

I believe that tech is the only area that can produce above average returns without resorting to exploitation of one form or another and
without resorting to predatory business practices.

This sounds like a moral justification for tech. Interesting. Let me start by asking you why tech should be any different from other
sectors in this regard.



To: Sam Citron who wrote (52366)9/17/2001 2:37:57 PM
From: Cary Salsberg  Read Replies (1) | Respond to of 70976
 
Yes, it is a moral justification for my investing. I think Ian's answer correctly addresses the differences. The twin criteria we look for, sustainable competitive advantage and boundaries to entry, are far more likely to be the result of ingenuity and honest effort in the tech arena.


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