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To: Bolder who wrote (13519)7/31/1998 12:57:00 PM
From: Robert Graham  Respond to of 42787
 
Thank you for your generous words. We do have a good group of people here on this thread. I hope you will choose to participate on this thread in the future.

I have been approached by a friend who opened a business up earlier this year and has made much money. Now he is very wealthy due to his business he thought would just break even by the end of the year. He wants me to manage the money reserves of his business. I turned him down. I did not want the responsibility. I imagine myself sitting across the dinner table from him at Thanksgiving or Christmas and saying: "Gee, I am sorry about that MIL I lost of yours. I guess that is the way of the market!". But I am willing to help him develop a long term portfolio. I would feel this same way with anyone's money that I did manage. For example, there are allot of older retired people that cannot afford to lose any of their money. I would not want this responsibility.

He has given me some money that he can lose tomorrow and not think anything about, a sum many people including myself would consider significant. I have not been deploying it yet until I have proved a system that I have been developing. This should be interesting. I think this is his way in sharing his fortune since he knows that a trader needs a stake. We are to split profits 50/50 since I am putting in an equal amount. He has been encouraging me to just "play the market" for if I lose it it is no big deal to him. I suspect he would just give me another amount to "play". I cannot work this way. I take the market much too seriously. I take his money very seriously. For if I lost it, my goal would be to pay him back.

Bob Graham