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To: Bilow who wrote (9508)	4/9/1998 12:47:00 AM
From: Bilow	Read Replies (1) \| Respond to of 27307

Correction on RCA prices. The drop was from $114 to < $3. (eom)

To: Bilow who wrote (9508)	4/9/1998 12:54:00 AM
From: Guardian	Respond to of 27307

you're 100% right. warren buffet is getting old and his success rests in the current paradigm. but that's not the future. MSFT et al's new venture capital with others (i can't recall) is to help young upstarts to get going. why would they do that?? unless they sense a new paradigm coming on line. big bucks. don't ignore the young and restless is the metaphor. as to RCA, you're right again. bur radio was not in homes like pc's until the thirties (mass audience). Orville Wright didn't have one until the depression was well underway. he went to his relatives to listen in the twenties. so don't link the depression to radio (RCA). the crash of 29 had nothing to do with anything but over-exuberance as greenspan might put it. And radio was not the same in global mass appeal, particularly in its early years. europe didn't have it til the 40's in most homes. there is a mass distinction between then and now. read the wired magazine piece from last year. alot of forces at work. buffet has made many millionaires, and I can't put him down, but he could very well miss this one. (Not to suggest he will). the key here is that he never lived through the kind of time we are entering. he wasn't alive at the turn of the century when we underwent the industrial revolution, and that is the only parity to now. not the radio and the depression. that is irrelevant as a model. too many market safeguards anyway. i stand by my original post. and IMHO it may break me, but i think not in the long haul. that is not to suggest that you are not right about massive corrections as conventional valuation sobers the marketplace, but the momentum long term will not be stopped.