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To: The Philosopher who wrote (6673)	9/22/1998 8:38:00 PM
From: Warthog	Respond to of 15313

Vargas made his 2 million in the early 60's, I would image that amount would be equivalent to 20 to 30 million in today's money counting inflation. Plus I believe his brokerage fees were quite high as compared to today's rates. Plus he did not have access to personal computers and data as we have today. I would recommend the book as a "read". collin

To: The Philosopher who wrote (6673)	9/23/1998 12:32:00 AM
From: Fredman	Read Replies (1) \| Respond to of 15313

I think it's a lot harder - a heckuva lot more competition today for your dollar than in the 60's. Anything you want to buy back in the 60's there is probably at least 5X more companies making it/selling it/doing it. Who bought a foreign car over here in the 60's ?? Not many (except VW's). Look at all the car parts places, the Electronics stores, Retail stores (at one time there was pretty much Sears Penneys and Wards, that's it). Then Wal-Mart, K-Mart, Target, etc came around. Now you have Best Buy, Circuit City, Comp USA, Kohl's, Once you had Walgreen's for Prescriptions, now you can get them anywhere. Speaking of which, where was Advil Nuprin Tylenol in the 60's ?? No, it's a different world than it was even 3 years ago. The stock market isn't really a 'company stock market' anymore, IMO. It's more of an Auction house where ASK and BID waaaay outshine a company's true worth, bottom line or P/E ratio. IMO of course.