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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: hitechstocks who wrote (104508)	7/1/2006 12:32:30 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 132070

Question was..." When investing in the stock market, which of these would you prefer to have more developed against others? a- wisdom b- mathematical & technical sophistication c- experience" My answer, wisdom. mathematical sophistication can fail as demonstrated by LTCM. Experience would have all the newcomers of the dot.bomb era looking like geniuses when wisdom knew it was all going to implode sooner or later. Wisdom is the Warren Buffet and Ben Stein types that buy low and sell high and are willing to wait for common sense to catch up to their early plays. Was it experience that had some buying REITs in 1999 when the yields were over 16% and 1/3 thier current prices? Oil and other commodities in 2003? SHorting any dot.com in 2000. Seeing WCOM, TYC, MU, ENE GM, FNM were going under before a peep was ever muttered in the mainstream press? Wisdom wins in the end, but sometimes it takes patience. JMHO Good Luck, Lee