To: Ron Nairn who wrote (7958 ) 11/5/2001 12:10:55 PM From: Cal Gary Read Replies (2) | Respond to of 14101 Hi Ron, "We believe what we want to believe, making adjustments in our beliefs when confronted with facts and speculations. " Right on. Unless things are made clear from the outset, speculation is usually where information begins. The raw baseline data is founded on subjective reason, thought and observation. This is then cleaned up by supporting evidence, trends and facts (best). Like a funnel or filter. On another vein, unfortunately, people in general tend to label others based on first impressions of what they hear or read about the other. Human nature? The label sticks even after more is learnt about the person. I guess that is easiet to do than to put energy into modifying our labels on a person. Case study is the AGM and applause. I think people came to the AGM expecting Rebecca to pounce on shareholders who holds critical views. A label placed upon her, especially after last year's AGM. I hope I was clear in my note, I speculate that people there did not applaud so much for the ill request for her resignation but perhaps out of spite at being 'attacked on the small retail investor'. Perhaps too harsh a word. However, Rebecca later praised the retail investor who had more loyalty than institutions. She supported her reason for this with a recent world event. Investors got to "making adjustments in our beliefs when confronted with facts and speculations" as we learn more about Rebecca. Overall, for 95% of the questions, she did a marvelous job of answering the questions with clarity. So why the applause? My guess is the invisible label 'she' was wearing that evening. I hope this changed in people's minds after the AGM.