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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: chomolungma who wrote (67807)	2/13/2003 1:02:05 PM
From: Sun Tzu	Respond to of 70976

LOL! So true, but only sometimes. I remember how I made money buying 3Com and shorting Palm. It was a real no brainer as COM owned over 80% of Palm but the market cap of Palm was actually more than 3Com's! That said, only under extreme conditions can you make good money trading. This is why Mr B of Omaha says, "it is better to buy a great business at fair price than to buy a fair business at great price". The focus should not be on bargain hunting, but on the bigger picture.

To: chomolungma who wrote (67807)	2/13/2003 1:05:32 PM
From: zonder	Read Replies (1) \| Respond to of 70976

You might like to look at CPI inflation because that is what the Turkish state looks at and accordingly arranges their monetary policy etc. Your assumption re equal devaluation of the currency is not correct. Take a look at the numbers below. (2001 was a serious year of crisis and removal of control on the currency) ............Devaluation.............Inflation 1995...........55%....................76% 1996...........81%....................80% 1997...........91%....................99% 1998...........53%....................70% 1999...........72%....................69% 2000...........24%....................39% 2001...........115%...................69% 2002...........14%....................30% Gotta go. We could talk about why there is a trend of lower devaluation than inflation tomorrow, if you so wish.