Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (31551)	8/26/1998 10:49:00 AM
From: Joseph G.	Read Replies (2) \| Respond to of 132070

<<Obviously, I can not guarantee that the sun will rise tomorrow, that it will be cold next winter in the upper midwest, that company ABC will not suddenly begin growing at 50% per year, or that company RPM will remain profitable over the long term. However, I can make educated guesses based on past performance.>> You are one VERY confused man if you think that sun rising tomorrow is comparable to anything in the stock market. Mixing laws of Nature with habits of men is not evidence of a clear mind. Sun's been rising billions of years before there was any stock market, and I can guarantee that it will for billions of years after there is no stock markets at all. In other words, sun rising tomorrow has ABSOLUTELY nothing at all, exactly ZERO, to do with any stock market behavior.

To: Investor2 who wrote (31551)	8/27/1998 3:13:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

>>Will the sun rise tomorrow? Based on past performance, I'd be willing to bet that it will.<< so, now the market making money is as sure as the sun rising ;-) the mania runs deeper than even i thought. >>If company RPM's management has performed admirably for a long time, and the company has just completed its 47th consecutive year of record sales and record earnings, will it remain profitable over the long term? Based on past performance, I'd be willing to bet that it will.<< the key to making money longer term is most definitely NOT remaining profitable but increasing profits and its rate of growth relative to where you bought it. your above scenario could easily cost somebody 80-90% of their investment EVEN IF THE COMPANY "REMAINS PROFITABLE." btw, please tell us all what company has had record eps performance each and every year for 47 consecutive years... >>Obviously, I can not guarantee that the sun will rise tomorrow, that it will be cold next winter in the upper midwest, that company ABC will not suddenly begin growing at 50% per year, or that company RPM will remain profitable over the long term. However, I can make educated guesses based on past performance.<< this sentiment is why 6% growth companies trade at 30 pes (and will be 50 pes next year ;-) as we speak.