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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: 4figureau who wrote (3681)	3/14/2003 5:17:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 5423

A CONTRARIAN'S GLOSSARY from DailyReckoning.com BEAR MARKET - A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, the husband gets no sex. BED & BREAKFAST STAGE - This is a new phase in the life cycle of humans... wedged in between the career phase and traditional retirement. It usually kicks in when children have left home, careers have run their courses and a man's balance sheet begins to look better than he does. BILL GATES - Where God goes for a loan. BONNER'S LAW - This one is eponymous. It describes the interaction of Moore, Metcalfe and the process of creative destruction. Moore and Metcalfe are used by technology investors to justify high prices. Why not pay a lot, they say, when the whole industry is evolving at an exponential rate? Bonner's Law predicts that the revved up speeds of creative evolution in the technology marketplace will produce revved up rates of destruction too. Moore + Metcalfe = Creative Destruction squared. Investors may want to gamble on Internet companies. But they should pay very low prices, not high ones. Low prices recognize the truth - that the company is most likely to fail. BROKER - What my broker has made me.