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To: Tumbleweed who wrote (42851)5/18/1998 9:40:00 AM
From: Lucretius  Read Replies (1) | Respond to of 176387
 
You're funny :)

biz.yahoo.com

Something this entire board should read. I pulled this particluar excerpt.

ADAM SMITH ASKS:
"We have more people in the stock market than ever before in history and
more than 90 percent of the money managers have never seen a bear market.
What should we think about that?"

WARREN BUFFET REPLIES:
"For people who think there is an easy way to make money year after year,
you are going to have some surprises, and there are large numbers of
people who accentuate the surprises. If you get a bear market rolling you
can shake up a significant percent of the people because they have not
been through it. Now, I don't think anyone knows for sure, but if you
look at human behavior and financial markets, people have exhibited fear
and greed for centuries and they will exhibit both in the future and fear
is a different thing to watch than greed."