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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (288)	9/21/1998 7:28:00 PM
From: jhg_in_kc	Read Replies (1) \| Respond to of 4691

Sir, I believe your post here was meant for me. I am the one who cited the HBR article. Also, re:<Oh, but Dell's earnings are going to double in two or three years. The risk is that EVEN IF YOU ARE RIGHT, and even if the stock trades at a high multiple of 30-35 at that time, you've lost money. And if you are not right, you're dead. > 1. How would I lose money if it doubled in the time period you mentioned? If it doubles, I have twice as much money? where does the loss come from? 2. Not to provoke a long tirade, but what is your argument for Dow 6000? IS it global depression? If this is the case what is to keep Coke and Gillette from going down further and even Berkshire? Are you saying sell all stocks and get into cash NOW? In my view a long bear market is provoked by the so-called external shock like an oil embargo, a quadrupling of the price of oil in the 70s. What is the external shock to the market in your view? jhg