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To: sandeep who wrote (8560)3/7/2003 12:24:46 PM
From: KevinThompson  Respond to of 10157
 
You said:

"Buffett lived through the last bear and still 100 times richer than before that bear."

To the casual reader, this would imply that he held onto his holdings and everything turned out just fine. I take exception to that. That strategy would have led to ruins. You were using his performance as evidence that markets always go back up. I am pointing out that this is an incorrect conclusion.