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To: cellhigh who wrote (2513)3/28/1998 10:13:00 AM
From: Edward Burgener  Read Replies (1) | Respond to of 164684
 
Yes.. call me cautious, but 15% per year for over ten years has been OK. I guess I sleep better. Sure I look back and wonder why but this market is totally beyond my experience, and I guess I can't forget the crushing bear markets of my past.

I know this Japanese banker.. I visited him about 1992.. He was flying high with real estate investments, bank stock... then a mere year or so later his retirement plan was wiped out. Bank stock down 90%(couldn't sell as an officer), real estate at less than he paid...

The conventional wisdom says that can't happen here... just like they said in Japan.. a bubble is a bubble, and it can be in stocks just as easily as tulips.. and of course no one believes it will happen, that's why they are willing to "keep fully invested".