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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (18219)	12/21/2003 2:09:30 AM
From: LauA	Respond to of 78704

Thanks for this amazing lead. By serendipity, I've been re-reading Peter Bernstein's Against The Gods this weekend. (NB to be linear, I had the opportunity to discuss a specific, large power project with a high AES management figure at the time its stock was 75 cents. That person knew the project well, but told me flat, bald-faced lies about it. So far as I have been able to learn, the reason for this confabulation was ego-driven, not strategic. So how Bill Miller can say that the stock was over-sold at the time, I don't know....But, hey, even a blind squirrel....) Lau

To: James Clarke who wrote (18219)	12/21/2003 12:00:25 PM
From: 249443	Respond to of 78704

Thanks James.

To: James Clarke who wrote (18219)	12/21/2003 4:18:15 PM
From: Steve168	Respond to of 78704

James, thank you for the Christmas gift! It was nice watching. Bill sounds more like a philosopher and he had some interesting comments on the big picture. But there weren't much beef or conviction in the whole two hour speech. I guess successful people become less willing to stick their neck out on conviction/prediction in fear of damaging their reputation. Lisa's strategy/process session is more meaningful, although I don't agree with all the reasoning/conclusions, I do like her presentation. Plus I am only a no name stock picker on SI... my success is nowhere close to what they have done. Merry Christmas to all! Steve168