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To: Paul Senior who wrote (83874)	5/1/2007 6:04:08 PM
From: Tommaso	Read Replies (2) \| Respond to of 206334

>>>All we need to do is find one person who can beat the market long-term<<< Been found. John Templeton. Also Buffet.

To: Paul Senior who wrote (83874)	5/1/2007 6:34:07 PM
From: Tommaso	Respond to of 206334

>>>although some people will beat the market long-term, it is not possible to identify in advance who those people will be<<, Yes, there is always that forgotten genius who went down with the Hindenberg--or with the Twin Towers. John Templeton was putting himself through Yale partly by playing poker successfully (but studied hard enough to win a Rhodes Scholarship). I am not going to retail Warren Buffet's too-often-told tale. The one thing that never made anyone really rich is technical analysis. It is nothing but a sort of reassuring voodoo that charms people incapable of sound financial analysis. Anyone who had applied technical analysis to the oil sands stocks in the year 2001 or to the uranium stocks in the year 2004 might be sitting on as much as $100,000 profits, but would have missed the moves that have made multimillionaires of those who sized up those situations correctly.