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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Joe Basile who wrote (4240)	3/17/1998 10:33:00 PM
From: Rock Fish	Respond to of 42834

>He quoted someone (was it a baseball player?...I >forget) as saying "only the paranoid survive". >Always a good idea to keep things in perspective. Andy Grove, Intel CEO. The context of this philosophy is that one must be constantly re-evaluating the fundamentals of one's business, looking for the signs of fundamental change. Taking the correct course of action when such a change occurs ultimately determines one's success or failure. Bob has always been thankful for the existence of a significant Bear:(Bull+Bear) ratio throughout this incredible Bull market. It is interesting to note that Bob has not been been one of the Bears at any time during the runup. And unlike Andy Grove, he has been able to continue on the same path throughout the decade. To have acted on any Paranoia (i.e. sell) during this Bull Market would have resulted in an INCREDIBLE loss of equity. Assuming that Bob is, and always has been, Paranoid, the true test of his talent in the context of Andy Grove's philosophy, will be what Bob does when such a fundamental change in the market actually occurs. -- Rock Fish