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To: GraceZ who wrote (161386)	4/22/2002 1:55:54 PM
From: Ahda	Respond to of 436258

For the most part to be successful in your own business you have to be persistent, hard working and lucky. Smart hardly enters the equation. More businesses fail from too much capital then not enough. As for the difference in me then and now, we're about to find out since I'm winding down that accidental biz and starting a new one at close to 50 years in age. Does it scare me? It does a little. But what are the alternatives? Sitting by the pool until I die? The old biz is becoming obsolete and my interests are elsewhere. If you work for yourself long enough you are unemployable and even if you work for someone else your whole life you are unemployable at 50 here in America where they'd rather hire two 20 somethings than pay one 50 year old. Well first off i don't agree that two twenty year olds are nearly as good as one almost fifty Grace. Part of the problem that we encountered in this philosophy surfaced in last bubble. We had youth running furiously out of the gate with too little knowledge of how to pace oneself to retain winnings. I will take you word on the screening, however I would run screens on revenue base as well as percent of return. Cost savings when it comes in the form of employee reduction has to become a decrease in spending in the public. To me there is still a surplus of cash that is flowing in the investment community that has to wind down. I feel that at all cost the economy had to be stimulated but I question just how much of our economy is truly growing. I know the financial industry is still holding its own if that ground be primarily the housing industry. I do not see optimism here in Ca that was so prevalent a couple of years ago. The reasons individuals are poor and nations are poor are vastly different. More often than not nations are poor because they embrace terrible fiscal and economic policies that make it impossible or difficult for individuals to start and run businesses or they have corruption or high taxes that confiscate potential profits. Agree with you here. Poverty is in some cases could be categorized as the result of egotism of the few who are not willing to share knowledge nor give up the supremacy of their own position of control to benefit the many. Government in Ca provides over sixty percent of the employment. I dont think it is quite as impossible as it was for people in other nations to start businesses. It to me is mostly impossible for those who rely on the IMF for support to do so. Perhaps I am too multi culture. I hear of success stories coming in from other parts of the world. There are people making progress regardless of politics. I also feel we still have too many dollars thanks to our economic policy. These dollars to me are still in the process of creating over valued stocks.