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To: Chuzzlewit who wrote (41555)	5/12/1998 12:47:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 176387

There was nothing incorrect about my advice, it was advise and thus subject to debate. <<<Investing is when you put your money in a stock with the expectation of a large payback in the distant future.>> This is interesting. I notice you said investing is when you put your money in "STOCK." This is not accurate. Investing is buying something cheap and selling it later for a profit. There are PLENTY of other investments besides the US stockmarket that aren't so overpriced. You were brilliant for buying in the 60's and holding till now, but I think anyone buying here or not selling at these levels is "visionly challenged." Everything moves in cycles. Stocks haven't seen a bear in 25 yrs and haven't seen a bad bear in 60 yrs. 60% of US households now own stocks, the most in history. The mkt has not hit a new high (unless you count the DOW's 10 pts above its high) since I explained to you my so-called "dommsday" scenario. Coincidence? or was there something to those arguments that the mkt is now seeing, but you and your fellow DELL devotees are blind to see? Adv/decline continues to deteriorate. New high/low looks terrible and peaked about a month ago. Interest rates continue to rise (I remember you laughing about that one too) Overvaluation and extreme optimism and speculation are still rampant. You make the call. I already have. -Lucretius

To: Chuzzlewit who wrote (41555)	5/12/1998 3:51:00 PM
From: Lee	Read Replies (2) \| Respond to of 176387

Hi Chuzz,..Re:<<equating long-term investing (as in Warren Buffet) with greed is just plain silly! >> Thanks for your clear and common sense posts which detail why most of us are invested in the stock market, and bond market too. I never could figure out how greed got into the conversation anyway, nor what it had to do with basic long term investing. I guess it comes from a very different mindset. As you know, I did try to time the market with poor results and as you have pointed out, if your long term horizons extend beyond several years, it's difficult to beat the buy and hold philosophy. Warren certainly has proven this point and I never heard him referred to as 'greedy'.<ggg> Regards, Lee

To: Chuzzlewit who wrote (41555)	5/12/1998 4:37:00 PM
From: trouthead	Respond to of 176387

Greed is not day trading. The greedy are willing to lie to old people to steal their savings. bps