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To: Cary Salsberg who wrote (3252)11/2/1997 1:04:00 PM
From: Sam Citron  Read Replies (1) | Respond to of 10921
 
Cary,

Another interview with Fleckenstein: pbs.org

And a BF daily market report at: stocksite.com

I'm new to BF, Cary. Are these the reports you say you have been reading on a daily basis? How worthwhile are they? How would you rate his integrity as a financial writer? [Or is he just a hedge fund manager that uses the pulpit of the press, or the net in this case, to sway opinion in his favor for the purpose of his private gain (not to say that moral philosopher Adam Smith would condemn such a practice <g>)?] When he places a stock in a bullish or bearish light, does he disclose that Fleckenstein Capital may have a position in it, and what that position might be?

When you say that the tech stocks have no predators, Cary, what do you mean? I thought that the tech sector by its nature is opportunistic and predatory.

SC



To: Cary Salsberg who wrote (3252)11/2/1997 1:27:00 PM
From: Sam Citron  Read Replies (1) | Respond to of 10921
 
Cary,

The Frontline interview mentions the difference between investment and speculation and briefly mentions "The Madness of Crowds". Both I think are very important concepts. "Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay is the best history of speculation that has ever been written IMHO.

SC