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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?


To: beat the market who wrote (30507)3/18/1998 9:02:00 PM
From: George Papadopoulos  Read Replies (4) | Respond to of 41046
 
Some words from the Master WB

"A short quiz: If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices? These questions, of course, answer themselves.

But now for the final exam: If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. In effect, they rejoice because prices have risen for the "hamburgers" they will soon be buying. This reaction makes no sense. Only those
who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices."

berkshirehathaway.com

I consider myself a net buyer of stocks for many years to come and FTEL is my speculative play. Oh, I bought some more at 4 today. If you can't take this BTM sell or go on a vacation

Respectfully,

George