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To: re3 who wrote (143296)6/23/2002 5:30:46 PM
From: Bill Harmond  Read Replies (2) | Respond to of 164684
 
Like there's space here?

The two biggest lessons (which I already posted here) are don't invest in (only trade) companies that won't develop during the current business cycle, and even more importantly, a person or company can endure any financial challenges if he/she/it has a strong balance sheet.



To: re3 who wrote (143296)6/23/2002 6:30:34 PM
From: GST  Read Replies (1) | Respond to of 164684
 
retired: Bill is telling you that as long as you have some cash and you keep your debt down you are not broke no matter how much equity you have lost (which means it is ok if your equity is down 90% plus) -- profound wisdom.


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