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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: hueyone who wrote (60289)	7/13/2002 2:54:08 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 77400

huey - the good news is that those who get it will have an advantage over those that do not. Personally, I would like it if companies were forced to report the information necessary to compute economic gains net of stock options. Just means that I'm not operating on data a year and a half out of date when I contemplate purchasing a company. However, at the same time, zebras don't change their stripes that quickly and for patient long-term investors the information is generally good enough to figure things out. Legislation is not the answer. People will be un-informed and ignorant no matter what laws are put in place. A glance around the SI fishbowl should convince you of that. How many people are licking their wounds and yet clinging to the beliefs that got them wounded in the first place? Could we use legislation? Oh yes, don't get me wrong. But that's like a Dam merely holds water where we want it, temporarily. We have fools being parted with their money and a kind of economic Darwinism that most deservedly should happen. And unfortunately we have a misdirection of capital towards those who are more skilled at deception, rather than to those who are most productive. Hopefully however, those who are most skilled at deception will turn around and invest their ill gotten gains in those who are most productive. Or they will be themselves deceived by someone who will. And so on. In the end, water finds its way down to the ocean. Dams and spillways offer only temporary impedance. John