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To: jim black who wrote (7396)6/29/2006 2:26:27 PM
From: Maurice Winn  Respond to of 218100
 
Jim, re Globalstar, I wish I had been more responsive to my concerns rather than assuming sense and improved judgment by the managers with time. I should try to avoid a positive view of human nature/intellect - it's not good for me. When there is evidence to the contrary especially.

It is my biggest ever by far financial mistake to have ignored my concerns which I expressed in SI many times. To the extent that I suggested others sell [I was fooled by the NZ share trading laws into "going through the trough" which was in fact a cliff].

Mqurice