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To: Don Martini who wrote (57711)8/11/1998 5:32:00 PM
From: jhg_in_kc  Read Replies (3) | Respond to of 176387
 
Don, and Chuzz what the hell is a beta? Someone once advised Warren Buffet not to buy the Washington Post at 10 because its beta was too high. Later when the stock reached 80 they advised go ahead and buy it, it's beta was now OK. So it wasn't worth buying when it was 10 but was a better buy at 80. Is beta in the same category as when a stock becomes overbought when there are to many overbuyers? Just a joke, but seriously I never have grasped the concept of beta. I o;nly know it has something to do with volatility.
jhg