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To: Ian@SI who wrote (4038)12/21/1997 11:06:00 PM
From: Cary Chubin  Read Replies (1) | Respond to of 10921
 
Ian,

Re: Would you really pay more for a $ of estimated earnings from a cyclical company with a track record for being unpredictable, than you would for a $ of estimated earnings from a company with more than a century of near continuous growth?

I would under two circumstances. First, I was being paid to assume the risk. Second, my horizon was sufficient.

Cary Chubin