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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Andrew N. Cothran who wrote (118854)	5/16/2002 2:14:10 PM
From: carranza2	Read Replies (1) \| Respond to of 152472

"Success is a matter of luck. Ask any failure." Success in the investment arena is difficult to measure. Were all the investors who got killed during the '70s failures? I don't think so. If they stuck it out and were in the market for the bull rides of the 80s and 90s, they did very well. The whole concept of "objectivity" in the context of the market is very puzzling to me. I'm probably not alone in not expecting the ride Q took in '99. We were lucky and successful in that we captured the dynamics of what was going on, and luck did the rest. There were some, the old timers who had a lot of foresight and vision, whose success cannot be said to be based on luck. Hats off to them--I'm not in that group. Certainly did not expect the bear market that followed, but I still think that there will be very nice returns for Q in the future. If those of us who are long on Q are correct in that assumption, and have the good sense to capitalize our profits, then we'll be able to say that we were successful investors who relied on wits and good judgment to make a profit. I suppose it's ultimately all about the goals we individually set for ourselves. Those are objective criteria--if we reach them, we're successful. If we don't, then we're not.