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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (148021)	2/2/2002 10:08:17 PM
From: LLCF	Respond to of 436258

<But plenty of airline businesses have made money. Plenty more have lost it. Picking the right ones is essential [but difficult and best avoided I'd say]. > Yes, the point is that it is a fabulous, brilliant, creative technology... became overinvested in much like many parts of techland today... perhaps even the entire S&P... long, painful, shakeouts are possible in any segment of any industry. The idea that statistics "prove" buying a stock index for the long run is guaranteed simply ignores the fact that the whole exercise is dealing with a 'social science' and not a fixed number of coin flips and therefore by definition unprovable. I have a feeling many will learn that the hard way. DAK