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To: carl a. mehr who wrote (63623)	8/31/1998 1:22:00 PM
From: Tony Viola	Read Replies (1) \| Respond to of 186894

Carl, I didn't know you'd invested in IDTI in the past. Sorry for the unknowing reminder. I was trying to get the guy who feels that Intel is going the way of RCA or Fairchild, or something, to put his money where his mouth is and buy all of Intel's competitors' stocks. Not only that, but doing the margin thing, which you've talked about, seemed to be a way for him to get rich even faster. Of course, you did the margin thing when Intel was going up, up and away (mostly). Off topic, haven't had a chance to visit San Diego, maybe next year, thanks. Is there a good soup kitchen down there? Take 'er easy, your friend, Tony

To: carl a. mehr who wrote (63623)	9/2/1998 3:36:00 PM
From: carl a. mehr	Read Replies (5) \| Respond to of 186894

The long awaited True Confessions of The Humble One: What a difference a fortnight makes. On 8/18/98 portfolio gain since 1990 (nine years) was 34.6% yearly gain compounded yearly. On 8/31/98 the portfolio gain since 1990 was reduced to a lowly 26.8% yearly compounded yearly. So who gives a darm? The point that I want to make is that I really got clobbered. Too much margin can get you in trouble. Of course that's not the entire problem as we are all down quite a bit. It is so much fun to live on the edge, and the gains are so much greater. I think that it is called gambling. Between 8/18 and 8/31 my portfolio lost 41% of its value. As long as you have chips, you are still in the game. Did anyone else have a lot of fun these last few weeks? humble carl Yes I am getting humbler. I think my wife is tickled pink, but she gets down from her high horse when I warn her that she may have to support us by being a checker at Woolworths. Computations made on an HP80 vintage 1983 approx. Lets crank out the portfolio figures for fall of 1997 high point: 8 years at 52.3% annually compounded yearly. Such fond memories, but how could you ever spend all that? Truly a blessing that the market went down! <vbg> I have enjoyed 'spilling my gut' and figure that you could have stopped reading if I were boring you.