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To: ratan lal who wrote (48078)	10/18/2001 4:07:17 PM
From: gdichaz	Read Replies (1) \| Respond to of 54805

ratan: <<and the professionals (those who manage other peoples money) who are disciplined (most of the time) buy during panics and make the money. >> Strongly disagree. The informed individual investor has many advantages the "professional" does not have, such a no need to meet quarterly targets or windowdressing, etc. or even a realized gain when an unrealized gain is preferable. And analysis of recent events would indicate that at least a major number of "professionals" have been the ones most subject to mood swings and herd behavior. The "public" has shown remarkable calm in contrast - rightly or wrongly. And it is particularly difficult (if not impossible) for many professionals to buy and hold over very long time frames. [Buffett the exception (if he qualifies as a professional, and while he is in many ways one of a kind, he would seem to fit that term, no?)] Yes it is hard for an individual to keep his/her head, but isn't that possible? Best. Cha2

To: ratan lal who wrote (48078)	10/18/2001 4:20:52 PM
From: quasi-geezer	Respond to of 54805

you would panic too if you are gambling with your old lady's money and you are down 90% (like a few of my net dudes)!!!

To: ratan lal who wrote (48078)	10/19/2001 7:35:58 AM
From: Don Mosher	Read Replies (2) \| Respond to of 54805

I know that you are correct about me and assume you are about you as being the market, but I hope some individual investors are wiser and better disciplined than me (or us). If not, I will never become a good investor no matter how hard I try because I am not a professional investor. I am less sure that the professionals do better than individuals. This belief leads me to trust only myself, as incompetent as I often feel, to invest my own money. I was a professional psychologist for many years without being able to help myself even when I could help others. It is possible that investing our own money increases our ecstasy and panic beyond what happens when we just invest for others. Managing affect aside, I believe the individual investor does have some advantages as well as the liability of caring too much about the outcome of investing. Money has much psychological meaning invested in it.