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To: Malko who wrote (2576)7/21/1998 1:33:00 PM
From: MskiHntr  Read Replies (2) | Respond to of 44908
 
I'm not much of a typist, but I'll excerpt two paragraphs from Mr. Clements' article...

"...Listen to Berkshire Hathaway Chairman Warren Buffet.
""If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period?" asks Mr. Buffet in Berkshire Hathaway's 1997 annual report. "Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall."

He later continues: "This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.""

That's why I said...Bring on the Bashers.

Best,