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To: Joseph Pareti who wrote (62210)	8/10/1998 3:16:00 PM
From: carl a. mehr	Respond to of 186894

No problem, buy leaders of a growing industry and hold on for the long term. I am a latecomer to that strategy, and the last 4 years of long term investing has made up for the previous 4 years of trading. Although my greedy approach last year (60% margin vs 40% equity) cost me about 5%, I still hold a 43% gain per year compounded yearly for the 8 year period. It's ok and will hopefully get better. The long term approach enables you to enjoy the world around you and not be a slave of your PC. I am confident that my new approach of still holding long term industry leaders, but with a lower margin to equity ratio of 35% to 65%, will lead me onward to greener pastures. humble carl