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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: James F. Hopkins who wrote (20708)6/19/1998 1:01:00 AM
From: Berney  Read Replies (1) | Respond to of 94695
 
Jim, I don't want to get too philosophical with you, but where did Rubin come from -- Main street or Wall Street? Wouldn't you love to be a fly on the wall? The game they play is at such a level that we probably can not even comprehend the game, more or less the rules. But the stakes are enormous.

However, it is very clear that less than 5% control more than 95% of the wealth. It is not a zero sum game. However, I only resent to the extent that I'm not close to being in that 5% (but, watch out as this dude is learning).

It is clear to anyone that Buy and Hold is a joke! But, my research says that the big fish eat the little fish, and not the other way around. Let us concede that we wish we bought MSFT, DELL or CSCO five years ago. Lord knows, we would own all the tug boats on the face of the planet, and shrimpers as well. We would only have to worry about The Perfect Storm.

Alas, that is where both of our research and hours have taken us. Recognize that the big fish eat the little fish and get bigger. To all, I state that the equity markets in this country reached $15T last month; yet, 85 companies encompassed 40$ of that total.

I've come to agree with Benjamin Graham, investing and speculating should be separated in different accounts.

I really enjoy your posts and the efforts you expend.

Berney