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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: Chas. who wrote (4796)	11/23/2006 6:34:35 AM
From: james flannigan	Read Replies (1) \| Respond to of 16205

I,have been in business for 30 yrs and through at least 5 recessions,at no time did I during that time stop investing because of a recession.In fact during those time frames I continued to expand by business because of recession made things cheaper.No one argues that a recession would not cause a temporary soft diamond price.But Debeers has always survived the past 100 yrs of recessions.Investors biggest mistake is trying to predict the economy and its results on investments.Buffett says this is foolish,and I don't think there is to many experts on this chat that has amassed $50,000,0000,000. billion dollars.Try telling Buffett that he should have avoided investing because he might find him self in a few recessions along the way. James