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To: CalculatedRisk who wrote (20744)7/16/1998 2:58:00 PM
From: Jeffrey S. Mitchell  Respond to of 31646
 
One million in cash is worth $1M ... not more.

Hmmm... does that conclusion come from looking at your portfolio? (g)

Correct me if I'm wrong, but I thought the goal of investing is to turn $1M into, say, $2M, by using the money wisely. Did your friend invest his windfall in his company or buy himself a nice big house instead?

- Jeff