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To: Ilaine who wrote (43777)	12/21/2003 4:00:32 PM
From: Maurice Winn	Respond to of 74559

<One of the most fascinating things about being on SI all these years is seeing how hard-wired temperament can be. It's quite astonishing how temperament affects outlook, especially among investors. > I know what you mean CB. I have given lots of effort to shifting your perspective, opening your eyes, changing your mind, altering your philosophical foundations and adjusting your temperament. To no avail. You just sit there like a rock! The great thing about outlook and investment decisions is that reality is a very harsh judge of who is right and who is wrong in their outlook. Whether they are right through luck or intelligence is irrelevant. Many mistake luck and a rising market for intelligence. We all have some of each, but we don't know how much. My temperament feels fairly hard-wired. It seems to stay fairly constant in my life over the decades. Daily volatility due to golf issues and tax-collecting police do introduce some variation. I avoid the police and use the golf as "Studies in Internal Operating System" without serious outcomes which self-experiments can have in the big wide world of reality. Mqurice

To: Ilaine who wrote (43777)	12/21/2003 7:28:24 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Welcome back CB. Chugs, Jay

To: Ilaine who wrote (43777)	12/22/2003 12:25:43 AM
From: GraceZ	Respond to of 74559

One of the most fascinating things about being on SI all these years is seeing how hard-wired temperament can be. It's quite astonishing how temperament affects outlook, especially among investors. I agree, fascinating and frustrating at the same time. The other day CNBC had on two real estate developers, Zell and Zuckerman. I didn't listen to it closely but they differed in their out looks for commercial real estate and Morty Zuckerman said something like this, "An optimist is a guy who thinks that we live in the best of all worlds and a pessimist fears that he is right."