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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (8991)	9/5/2002 8:48:30 AM
From: Sig	Read Replies (1) \| Respond to of 13815

Re Bill Where do you manage to find this good stuff ? Oh, Bill Fleckenstein, Yes I have heard of him. Hes maturing wonderfullyand can become the 'man of the hour' in this market. And being honest , a rare commodity these days. <<< Waiting for Mister (Right) Market: In all likelihood, we are going to enter a period where the market swings in a wide range for maybe five or 10 years. It will be possible to make money in that environment. It may be that many purchases will require being sold after six months or two years, rather than being held for multiple years. However, I believe it is still too soon to get started, because the idea of trying to get involved on the long side remains way too popular, and prices continue to be far too high, in the aggregate. That is not to say there aren't pockets of cheap securities around. I'm sure there are. But I think the risk/reward ratio is not attractive enough to merit much work on the subject. So, for those of you who keep asking me to come up with an idea, if I found something to buy, I would mention it, just as I have in the past. But this is not something you can make up. It's very important for people to be willing to wait until they get just the right pitch. What counts is not merely being in the market, but knowing that when you make investments, you are dealing with good ideas and attractive risk/reward characteristics. >>> Sig